Freddie Mac extends alliance to retain community banks access to products.

• Position: Brief article

BUSINESS SOLUTIONS, an affiliate of the ABA, and Freddie Mac have announced plans to help community banks compete in the purchase-money-mortgage market and help fuel the nation's housing recovery by extending their eight-year-old alliance.

The Freddie Mac/ABA alliance provides ABA's community bank members with access to critical mortgage products, technology, staff training and other services.

"Renewing our alliance with the ABA means more community banks will have the secondary market tools they need to help families take advantage of today's low mortgage rates and affordable home prices," says James Cotton, vice president of sales at Freddie Mac.

"Our valued relationship helps increase the mortgage offerings of our community bank members and expand their access to the secondary markets," says Business Solutions...