The American Bankers Association, through its Corporation for American Banking subsidiary, has renewed its endorsement of Fannie Mae’s secondary market options for community banks. ABA’s partnership with Fannie Mae, which began in 2002, helps community banks compete effectively and manage interest rate risk, providing discounts on application fees and training, underwriting support, customized education and regular updates to keep lenders current on critical issues.
“Our alliance with Fannie Mae allows ABA member banks to take full advantage of the secondary market,” said Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council and president and COO of Hawaii National Bank in Honolulu. “We’re confident this continued relationship will help our bankers meet their customers’ mortgage financing needs.”
