Washington, D.C. – February 11, 2011 – (RealEstateRama) — The Independent Community Bankers of America (ICBA) today said that the nation’s housing finance system must continue to provide a variety of finance options to meet the needs of different consumers, housing types and locations. Following the release of the Obama administration’s plan on housing finance, ICBA reminded policymakers that a stable secondary market for residential mortgages is essential to community banks and Main Street America, while also stressing completely privatizing the secondary mortgage market would have ruinous effects both on community banks and the customers they serve
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