Bringing Lenders Together
The Community Home Lenders Association (CHLA) is the distinctive voice in Washington for independent mortgage bankers (IMBs). CHLA is fighting for federal mortgage policies that promote consumer access to mortgage credit and are fair to smaller IMBs.
Benefits of Membership
CHLA Coronavirus Initiatives
For 5 years, CHLA has been proposing a comprehensive administrative reform plan for Fannie Mae and Freddie Mac that protects small lender equitable cash window and securitization access; opposes new GSE charters that allow vertical integration by Wall Street banks; and minimizes transition risk. Read the latest version of CHLA’s plan.
Why Our Members Belong to CHLA
CHLA Joins Other Groups in Letter to FHA to Eliminate Indemnification Penalties for New Loans with Forbearance
CHLA, along with consumer groups and other trade groups, sent a letter to HUD Secretary Ben Carson, asked FHA to eliminate its recently adopted 20%
Housing Wire: FHA enacts temporary policy shift on forbearances; CHLA pushes back on 20% first loss penalty
A Housing Wire article on FHA’s announcement that it would impose a 20% first loss indemnification penalty on validly underwritten loans that go into forbearance