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ABA: The American Bankers Association
Statement

ABA Statement on Decision to Suspend PSPA Changes

"We appreciate today's decision from the Treasury Department and the Federal Housing Finance Agency to suspend and review the changes to the preferred stock purchase agreements for Fannie Mae and Freddie Mac announced in January. This step, taken in response to concerns raised by ABA and other stakeholders, will bolster market stability and allow time for FHFA to consider additional revisions to the conservatorships of the two government-sponsored enterprises that can expand affordable housing financing in the country. We look forward to sharing our ideas."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

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Ian McKendry

(202) 663-5473

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