ICBA Renews Alliance With Fannie

The Independent Community Bankers of America has renewed and enhanced its five-year-old partnership with Fannie Mae, as the mortgage giant agreed to provide enhanced delivery services for bulk sales and reduce its Desktop Underwriter licensing and transaction fees."The ICBA-Fannie Mae partnership offers expanded services to ICBA member banks, increases the value of their membership, and helps them maintain relationships with their customers," said Dave Petro, president of the ICBA's mortgage program. Most ICBA members retain the servicing when they sell to Fannie. ICBA also has an "alliance" with Freddie Mac. Separately, Taylor Bean & Whitaker, Ocala, Fla., has purchased $3.76 billion in mortgages (servicing released) from ICBA members since February, when the Ocala wholesaler entered into a partnership with the banking trade group. The ICBA can be found online at http://www.icba.org.