| Washington, D.C. — The Community Home Lenders of America (CHLA) today issued in following statement in response to the President’s Executive Order to reduce housing costs. | |||
“CHLA commends the Trump Administration for today’s Executive Order to reduce housing costs.” Scott Olson said.
“These actions to reduce title insurance costs, promote manufactured home affordability, and reduce mortgage loan costs for veterans have long been CHLA priorities and they build on the Administration’s track record of constructive homeownership actions.”
* The Executive Order will reduce refinance closing costs by expanding the Fannie Mae/Freddie Mac title insurance pilot program. In December 2023, a CHLA Letterurged FHFA to streamline refi title insurance requirements to reduce costs to homeowners.
* The Executive Order established a Task Force to take actions to streamline permitting of manufactured homes. CHLA’s Gen Z Homeownership White Paperin May urged a focus on entry level homeownership, singling out the affordability of manufactured homes.
* The Executive Order directed the Veterans Administration (VA) to reduce interest rates on VA single family mortgage loans. In January, CHLA led the effort to oppose fee increases for VA mortgage loans, in a Letter to the Veterans Affairs Committee
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| About the Community Home Lenders of America |
| The Community Home Lenders of America (CHLA) is the only national non-profit association that exclusively focuses on small and mid-sized community-based mortgage lenders. The mission of the CHLA is to promote federal mortgage programs, rules, and regulations which treat community mortgage lenders fairly, and which reflect the critical importance that community mortgage lenders play in providing broad access to credit for borrowers, in increasing competition in mortgage markets, and in providing borrowers with quality mortgage services and access to loans at a local level. Learn more at communitylender.org and follow CHLA on LinkedIn and X. |