Advocacy
CHLA asks ginnie mae to exempt small/mid-size imbs from risk based capital requirements
In a letter to Ginnie Mae, CHLA renews its request to exempt small and mid-sized IMBs from new Risk-Based Capital Requirements, raising concerns about reducing the number of issuers and causing lower MSR prices through forced selling
CHLA writes FHA, Ginnie mae citing ted tozer blog seeking changes to loss mitigation, repooling requriements
In a letter to FHA and Ginnie Mae, CHLA calls attention to a Blogpost by former Ginnie Mae President Ted Tozer calling attention to the problem of re-pooling defaulted FHA loans in a rising interest rate environment and recommendations changes to loss mitigation to address this
CHLA Submits CRA comment letter – against extending Cra to imbs and on appropriate fair housing ecoa regulation of IMBs
An extensive CHLA comment letter on new CRA regulations extensively argues that CRA for IMBs is neither necessary nor appropriate – and outlines a balance approach to CFPB Fair Housing Act and ECOA regulation of IMBs
CHLA Joins CMLA in asking FHFA to terminate HARMFUL gse PSPA provisions
in a joint letter with the Community Mortgage Lenders of America, CHLA sent a letter to Treasury Secretary Yellen and FHFA Director Thompson asking FHFA to terminate (or at least extend the suspension) of harmful PSPA restrictions from last year on the cash window, on higher risk loans, and on investment and second home loans.
CHLA Letter to justice department seeking antitrust review of black knight purchase by ICE
CHLA sent a letter to the Department of Justice seeking an antitrust review of the proposed purchase of Black Knight by ICE – citing concerns about the impact on consumers and smaller IMB lenders
CHLA makes access to credit recommendations to FHA
Following on its previous IMB sign on letter on FHA premiums, CHLA writes FHA for action to streamline the FHA condo approval process, to increase permissible lender fees for FHA loan assumptions, and for an end to disproportionate penalties for missing servicing deadlines.
Opinion: CRA doesn’t work for banks or IMBs
CHLA Executive Director Scott Olson opposes the extension of the Community Reinvestment Act to independent mortgage banks.
CHLA Renews Request to Ginnie Mae to Exempt Small and Mid-sized IMBs from Bank-like Capital Requirements
CHLA Letter Identifies Alternative Approaches to Address Liquidity and Going Concern Issues
Ginnie Mae’s New Capital Rules Draw Split Opinions
The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks”