NewsRoom
National Mortgage News – Is Title Insurance Ripe for Disruption?
Now, the CHLA commended the Federal Housing Finance Agency for reviving the title waiver pilot, which had gone by the wayside in August 2023. “CHLA applauds FHFA for this title pilot as it could save homeowners thousands of dollars when refinancing their home,” said Scott Olson, its executive director, in a statement.
Housingwire – GSEs will not count buyer agent commissions in cap on seller concessions
“CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email. “CHLA wrote Fannie Mae, along with all of the federal mortgage program regulators, in December to ask for exactly this type of action to protect first time homebuyers in the wake of emerging realtor lawsuits which may shift
HousingWire – Opinion: Agencies are key to fixing Housing Affordability
The reality is that when it comes to homeownership affordability, gains aren’t made through big legislative proposals, but through positive incremental steps by the agencies that run our federal mortgage programs. As the legendary Ohio State football coach Woody Hayes put it, “Three yards and a cloud of dust.”
National Mortgage News – What happens if the CFPB makes lenders pay title insurance?
“It is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers against the emergence of exclusive deals between title companies and large lenders that results in even less competition,”
HousingWire – CFPB considers ban on charging buyers for lender’s title policy
CHLA is concerned about the costs and competition for title insurance, and that is why we have supported Attorney Opinion Letters and the Fannie Mae title pilot program that FHFA has greenlighted,” Scott Olson, the executive director of the Community Home Lenders of America, wrote in an email. “However, it is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers
National Mortgage News – VA loan option starts after foreclosure ban, but are servicers ready?
“CHLA continues to believe that the best long-term action would be the implementation of a comprehensive, partial claims program,” said Scott Olson, executive director at the Community Home Lenders of America in an emailed statement. “However, in the short run, it is critical that actions are taken to make sure distressed VA borrowers are protected.”
CHLA Provides April 2024 Update to Rapidly-Rising Credit Scoring Costs
(Washington, D.C.) – The Community Home Lenders of America (CHLA) has provided an update to its January 2024 “White Paper” on the credit-scoring industry and
National Mortgage News – Is Title Insurance Ripe for Disruption?
Now, the CHLA commended the Federal Housing Finance Agency for reviving the title waiver pilot, which had gone by the wayside in August 2023. “CHLA