ABA SUBSIDIARY’S MORTGAGE PROGRAMS SAVE MEMBERS $27 MILLION

WASHINGTON, DC – March 10, 2011 – (RealEstateRama) — Business Solutions, an American Bankers Association subsidiary, today announced that its Mortgage Solutions programs saved bankers over $27 million in 2010. The programs, designed to help community banks participate more successfully in the residential mortgage markets, were launched in 2001. Since that time, the banks have produced more than $160 billion in loans through the programs. In 2010, more than 1,000 ABA member banks elected to be a part of one or more of the 12 programs available through Mortgage Solutions.


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Founded in 1875 and based in Washington, DC, the American Bankers Association (ABA) brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities. Its members – the majority of which are banks with less than $125 million in assets – represent over 95 percent of the industry's $13.6 trillion in assets and employ over 2 million men and women.

American Bankers Association
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Media Contact:
Jim Eberle
Phone: (202) 663-5477

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