Authors Posts by ABA

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
1120 Connecticut Avenue, N.W.
Washington, DC 20036

Toll free: 1-800-BANKERS

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

ABA SENDS LETTER TO REGULATORS RAISING CONCERNS ...

WASHINGTON, DC - January 13, 2011 - (RealEstateRama) -- The American Bankers Association sent a letter today to the heads of the eight regulatory agencies involved in writing new rules on risk retention for mortgage loans as required by the Dodd/Frank Act. ABA supports a broad safe harbor, known as the Qualified Residential Mortgage or QRM, which would not be subject to risk retention requirements.ABA said imposing too broad a risk retention requirement is likely to cause lenders to leave the marketplace, reduce the amount of credit available to eligible borrowers, and harm the fragile economic recovery.

ABA FILES AMICUS BRIEF OPPOSING OVERTIME REGULATIONS FOR MORTGAGE LOAN OFFICERS

December 15, 2010 - (RealEstateRama) -- "ABA, along with other financial trade associations, filed an amicus brief yesterday in opposition to applying overtime regulations to most bank employees who originate residential mortgages. The amicus was filed in the case of Henry vs. Quicken Loans in the United States District Court of Eastern Michigan. "The amicus brief argues that the new Administrator's Interpretation marked a sudden and dramatic shift in the Dept. of Labor's position that is inconsistent with the regulations that it seeks to interpret, and that the sudden and dramatic reversal of course results in an unfair surprise to employers who have reasonably relied on the Dept. of Labor's prior interpretations.

ABA SUBSIDIARY OFFERS COMMUNITY BANKS WHOLESALE LENDING OPPORTUNITY WITH U.S. BANK HOME MORTGAGE

WASHINGTON, DC - December 15, 2010 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, has entered into an exclusive two-year arrangement with U.S. Bank Home Mortgage that will provide member banks with a competitively-priced outlet for the sale of wholesale loans

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.