FOR IMMEDIATE RELEASE
Feb. 17, 2011
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com
Follow us on Twitter @ABABankingNews

Fannie Mae, Tammy Trefny
(312) 368-6218
E-mail: tammy_trefny@fanniemae.com

WASHINGTON — Business Solutions, a subsidiary of the American Bankers Association, announced that they have extended their alliance with Fannie Mae. The alliance, which dates back to 2001, provides advantaged terms to ABA member banks that opt into the program and sell loans to Fannie Mae.

Throughout the course of the alliance, ABA banks have utilized the benefits to help them meet the mortgage needs of their communities by being able to offer competitively priced mortgage products and services.

During 2010, the average active bank participant in the alliance was able to save over $63,000. The alliance also assists banks by providing them with discounts on technology and training.

“Our members have benefited from the secondary market and expanded access to Fannie Mae’s mortgage products and valuable services because of our nine-year alliance,” said Bill Kroll, president of Business Solutions.  “We’re confident our continued relationship will bring innovative solutions to our members and their customers.”
           
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees. The majority of ABA’s members are banks with less than $165 million in assets. Learn more at aba.com.

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