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Contact:
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Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
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Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
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For Immediate Release
July 12, 2002
#02-34 |
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E-mail:
[email protected] |
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ACB ON FANNIE/FREDDIE VOLUNTARY DISCLOSURES
Statement by Diane M. Casey, president and CEO of America’s Community Bankers, on GSE Voluntary Disclosure Compliance:
America’s Community Bankers commends today’s announcement by Fannie Mae and Freddie Mac to voluntarily comply with the corporate disclosure requirements of the Securities Exchange Act of 1934. ACB has long supported full and fair disclosure by all public companies and we believe that today’s action is a significant step, not only for Fannie and Freddie but also for the investing public.
Particularly in light of recent events, and recognizing the important roles that both Fannie and Freddie play in the marketplace, we are pleased that the leadership of these two organizations stepped up to the plate to address their disclosure practices to ensure that investors and the public at large are provided with clear, accurate and timely information.
Because many ACB members are holders of mortgage-backed securities, ACB stands ready to assist in the proposed joint study of disclosure regarding MBS.
America’s Community Bankers is the national trade association committed to shaping the future of
banking by being the innovative industry leader strengthening the competitive position of
community banks. To learn more about ACB, visit
www.AmericasCommunityBankers.com.
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America’s Community Bankers
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phone 202-857-3100 | fax 202-296-8716 | [email protected]
Copyright 1996-2002 © America’s Community Bankers. All Rights Reserved.
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