The American Bankers Association and Mortgage Bankers Association have spoken up about a new White House plan to tax banks to fund President Obama’s  new refi program for mortgages in private-label securities and create a separate mortgage insurance fund. The White House estimates the Federal Housing Administration will need between $5 and $10 billion to fund it. ABA president and chief executive Frank Keating feels the tax will reduce lending capacity for banks. Read more in National Mortgage News.