Article cites CHLA-CAI-MBA letter to FHFA seeking more flexibility around recent condo changes, noting that 60% to 80% of all condos used limited reviews before Aug. 3 change.

Article cites CHLA efforts to push FHFA to widen lender choice and praise for FHFAs decision to increase competition, noting it could place competitive pressure on credit costs.

Article cites CHLAs proposal for a Federal Reserve facility modeled on the Term Asset-Backed Securities Loan Facility would be the most logical funding source

Article highlights CHLA Ginnie Mae White Paper, noting that nonbanks are “bankrolling the federal government, and don’t have any of the tools that banks have to safeguard liquidity.”

Article highlights CHLA push for qualified IMBs to gain access to FHLBank membership and liquidity — while simultaneously warning regulators against allowing the banks to move too far into mortgage purchasing.

Article highlights CHLAs support for giving FHLBs greater operational flexibility and concerns that expansion of activities could create unnecessary systemic risk.