CHLA writes HUD Secretary Fudge to renew its longstanding call to end FHA premiums for the Life of the Loan – citing new 3% caps on so-called “higher risk’ Fannie/Freddie refi loans as a factor in exacerbating the negative impact by closing off an important exit for many from Lifetime premiums.

In a letter to FHFA and Treasury, CHLA asks for a suspension of restrictions in the January PSPA amendments of so-called riskier loans and investment and second home properties – pending a review of their adverse impact on access to mortgage credit Download PDF Click Here

The Community Home Lenders Association (CHLA) today released a set of comprehensive FHA recommendations it is calling on the Biden/Harris Administration to act on to improve access to mortgage credit for minority and underserved borrowers.

In a comment letter to the CSBS on its proposed new servicing and management requirements, CHLA proposes streamlined compliance and de minimis state exemptions for smaller servicers

In a letter to the CSBS, CHLA asks states to make permanent the Work-at-Home temporary branch office and licensing flexibilities that states have put in place on a temporary basis in response to COVID-19 – explaining how this can be done while fully protecting consumers.