Authors Posts by ICBA

ICBA

The Independent Community Bankers of America (ICBA) represents the largest constituency of community banks of all sizes and charter types in the nation, and is dedicated exclusively to representing the interests of the community banking industry.

Contact:

Aleis Stokes
Phone: (202) 821-4457

Karen Tyson
Phone: (202) 821-4454

Washington DC Office
1615 L Street NW
Suite 900
Washington, DC 20036

Phone: 800-422-8439
Fax: 202-659-3604

ICBA Provides Tips for First-Time Homebuyers

The total mortgage originations market is estimated to be around $1.2 trillion in 2015. With that in mind, the Independent Community Bankers of America® (ICBA) and the nation’s more than 6,000 community banks are on hand to help homebuyers navigate the mortgage process.

Community Banks Help Customers Build Financial Stability

During ICBA Community Banking Month, the Independent Community Bankers of America® (ICBA) celebrates the nation’s more than 6,000 community banks, which build stronger communities by helping local customers gain financial stability through quality products and services and access to financial literacy information and tools.

ICBA Supports CFPB’s Proposed Qualified Mortgage Reforms

The Independent Community Bankers of America® (ICBA) expressed its strong support for the Consumer Financial Protection Bureau’s proposed reforms to its Qualified Mortgage rules.

ICBA Announces 2015 Community Banking Policy Priorities

The Independent Community Bankers of America® (ICBA) today announced its top legislative and regulatory priorities for 2015. ICBA made the announcement in Orlando, Fla. at its national convention, ICBA Community Banking LIVE®, the largest community banking industry event in the world.

ICBA Urges Changes to CFPB Qualified Mortgage Rule

Washington, D.C. - February 27, 2013 - (RealEstateRama) -- The Independent Community Bankers of America® (ICBA) today said that final mortgage rules issued by the Consumer Financial Protection Bureau (CFPB) should be adjusted to avoid leaving many consumers without access to mortgage credit. In a comment letter, ICBA wrote that while it appreciates accommodations for community banks in the CFPB’s new ability-to-repay and qualified mortgage (QM) regulations, the bureau should expand on these efforts to preserve access to credit for small-market customers.

ICBA Supports Concessions in Mortgage Loan Originator Rule

Washington, D.C. - January 24, 2013 - (RealEstateRama) -- The Independent Community Bankers of America (ICBA) today said it supports provisions of a new Consumer Financial Protection Bureau rule that will allow community banks to hire and retain qualified mortgage loan originators while providing consumer safeguards against steering and other inappropriate behaviors. The CFPB rule, which bans certain incentives that some loan originators had used to sell unsafe mortgage loans, clarifies that acceptable mortgage loan originator compensation structures include qualified and non-qualified bonus and profit-sharing plans.

ICBA Supports Community Bank Exemptions from Mortgage-Servicer Rules

Washington, D.C. - January 18, 2012 - (RealEstateRama) -- The Independent Community Bankers of America (ICBA) today said it is encouraged that the Consumer Financial Protection Bureau’s (CFPB) final rules establishing new mortgage-servicing rules recognize the sound practices of community bank servicers. By exempting servicers that service 5,000 or fewer mortgage loans, the bureau recognizes that community bank servicers did not engage in the abuses that have roiled the housing market.

ICBA’s Karen Thomas Testifies at CFPB’s Field Hearing on Mortgage Policy—Comments on New QM...

Washington, D.C. - January 10, 2012 - (RealEstateRama) -- Karen Thomas, senior executive vice president of government relations and public policy for the Independent Community Bankers of America (ICBA), testified today during the Consumer Financial Protection Bureau’s (CFPB) field hearing on mortgage policy in Baltimore, Md. Thomas’ testimony comes on the day that the CFPB released its final rule on consumers’ ability to repay mortgage loans—provisions known as the “qualified mortgage” rule. Included below are Thomas’ remarks.

ICBA Backs Community Bank Loan Exemptions from Mortgage Rules

Washington, D.C. - September 13, 2012 - (RealEstateRama) -- Community banks were not responsible for the mortgage crisis, and therefore community bank portfolio loans should be exempt from pending regulations on high-cost mortgages the Independent Community Bankers of America (ICBA) said. In a comment letter to the Consumer Financial Protection Bureau (CFPB), ICBA said that the bureau should provide exemptions for community bank portfolio loans to ensure that community banks are not driven from the mortgage market and can continue to serve customers in their communities.

ICBA Urges Continued Role of Community Banks in Mortgage Market

Washington, D.C. - June 6, 2012 - (RealEstateRama) -- Proposed reforms to the U.S. housing-finance system must support the continued role of the nation’s community banks in financing homeownership, the Independent Community Bankers of America (ICBA) told policymakers. Speaking at a housing forum sponsored by the Bipartisan Policy Center’s Housing Commission and the Jack Kemp Foundation, ICBA Senior Executive Vice President and Chief of Staff Terry Jorde said that the housing-finance system should support a diverse range of mortgage lenders with a robust secondary market that is available to all.

ICBA: Federal Home Loan Bank System Must Be Preserved

Washington, D.C. - October 17, 2011 - (RealEstateRama) -- Tim Zimmerman, president and CEO of Standard Bank, Monroeville, Pa., urged Congress today on behalf of the Independent Community Bankers of America (ICBA) to preserve the significant role of the Federal Home Loan Bank (FHLBank) system, which helps our nation’s more than 7,000 community banks continue to serve their communities by providing their local customers with a variety of loans including mortgage, small business and agricultural loans. Many of these local customers would be underserved if it were not for their local community bank.

ICBA: Secondary Mortgage Market Must Be Impartial, Provide Equitable Access and Pricing

Washington, D.C. - June 30, 2011 - (RealEstateRama) -- Jack Hartings, president and CEO of The Peoples Bank Co. in Coldwater, Ohio, and a member of the Independent Community Bankers of America (ICBA) Executive Committee, today told Congress that the secondary mortgage market must be impartial and provide equitable access and pricing to all lenders regardless of size or lending volume. He also stressed that all originators must have the option to retain servicing after the sale of a loan.

ICBA Mortgage and QBE FIRST Sign Preferred Vendor Agreement

Washington, D.C. - May 12, 2011 - (RealEstateRama) -- ICBA Mortgage Corp., the mortgage lending subsidiary of the Independent Community Bankers of America (ICBA), and QBE FIRST today announced an exclusive one-year, preferred vendor agreement that will provide ICBA members with tax tracking, tax insourcing and escrow administration services.

ICBA Statement on the State Attorneys General Foreclosure Settlement Term Sheet

Washington, D.C. - March 10, 2011 - (RealEstateRama) -- The Independent Community Bankers of America (ICBA) issued the following statement today regarding the release of the state attorneys general foreclosure settlement term sheet. "While much of Wall Street has already recovered from the financial fallout, many of America's Main Street communities continue to struggle with its harsh effects. The last thing these communities need is further deterioration of their already fragile housing markets and economies caused by these proposed settlement terms that would delay legitimate foreclosure actions and permit bankruptcy judges to reduce mortgage balances.

ICBA Outlines Proposal for Secondary Mortgage Market Reform

Washington, D.C. - March 1, 2011 - (RealEstateRama) -- The Independent Community Bankers of America (ICBA) told Congress today in a written statement that Main Street community banks need a financially strong, impartial secondary market that provides equitable access and pricing to all lenders regardless of size or volume. ICBA also outlined its own proposal for secondary mortgage market reform.