Advocacy
CHLA Offers Comments Regarding Ted Tozer’s Blogpost Proposal
CHLA offers comments regarding Ted Tozer’s blogpost proposal which would increase liquidity for Ginnie Mae IMB issuers.
CHLA Continues to Oppose ICE Purchase of Black Knight
The Community Home Lenders of America sent a letter reiterating its strong opposition to Intercontinental Exchange’s (ICE) proposed $13.1 billion purchase of Black Knight. The letter cites CHLA concerns over the merger’s potential anti-competitive and anti-consumer practices.
Community Home Lenders of America Urges FHFA to Consider Slower Implementation of Credit Score Reporting Process
The Community Home Lenders of America (CHLA) has expressed its appreciation for the ongoing efforts of the Federal Housing Finance Agency (FHFA) in enhancing the credit score reporting process and expanding mortgage access with reduced costs in mortgage transactions.
CHLA Opposes Designation of Any IMBs as Systemically Important Financial Institutions
CHLA responds to to the Financial Stability Oversight Council (FSOC) designating non-bank financial companies as systemically important financial institutions (SIFI). In their letter, CHLA emphasized that labeling any small to mid-sized servicers as SIFI would be inappropriate as they clearly do not pose any systemic risk as mortgage loan originators.
Consumer Mortgage Bill of Rights
“Consumers obtaining a mortgage loan enjoy more consumer protection than with any financial product – however we can do better. CHLA’s ‘Consumer Mortgage Bill of Right’s’ identifies the most common mortgage abuses along with effective, practical solutions to provide full protections.” – Scott Olson, Executive Director
CHLA Commends Rep. Rose for introduction of mortgage trigger lead bill – and offers constructive comments
CHLA sent a letter to Rep. John Rose (R-TN) commending his introduction of HR. 4198, legislation to address abusive mortgage trigger leads. The CHLA letter offered constructive bill suggestions – including a consent process that puts consumers in charge of deciding whether they want to receive trigger lead solicitations.
Scotsman Guide: Consumers Deserve a Mortgage Bill of Rights
Executive Director Scott Olson talks about CHLA’s Consumer Mortgage Bill of Rights, which identifies the different areas of the mortgage industry where consumer protections need
Inside Mortgage Finance – Long lead Time Eases Ginnie Issuer Eligibility Concerns
Despite Ginnie Mae implementing revised financial eligibility requirements, CHLA feels confident that our members are prepared as Ginnie has provided sufficient time for issuers to
Scotsman Guide – FHFA to Gather More Feedback to Ease Switch to New GSE Credit Score Requirements
The FHFA has announced a series of public listening sessions to platform industry concerns over the tri-merge to bi-merge credit scoring models.