Advocacy
CHLA Expresses Concern Over the Impact of the Sitzer/Burnett v. NAR Lawsuit
The Community Home Lenders of America (CHLA) has written a letter to federal agencies FHFA, HUD, RHI, and VA to express concern over the impact of the Sitzer/Burnett v. NAR decision on mortgage lending to minorities, veterans, and other underserved borrowers.
CHLA Expresses Support for the Use of Attorney Opinion Letters
In our latest letter, the Community Home Lenders of America writes in support of the use of Attorney Opinion Letters (AOLs) as an alternative to title insurance. The CHLA also strongly encourages the Federal Housing Finance Agency to make its potential use an options for consumers.
CHLA AGAIN URGES ACTION FOR STRUGGLING MBS MARKET
The Community Home Lenders of America (CHLA) has again written to the White House and Treasury on the need to reduce the record-high spread between mortgage money and the risk-free 10-year Treasury coupon. This lack of action harms the VA mortgage which is an earned benefit to our servicemembers that provides them a chance to buy a home with no money down.
National Mortgage news – NAR changes commissions rules with $418M settlement
As details of the settlement were unfolding Friday, mortgage industry trade groups said they were monitoring the news. The Mortgage Bankers Association said it would
Inside Mortgage Finance – House Passes FY24 Funding Omnibus in Bipartisan Vote
“Ginnie isn’t an agency that doles out a bunch of grants,” he said. “It runs like a private business, and it needs to be nimble
National Mortgage News – Biden’s speech elicits mixed reaction from housing industry
In a time of historically high mortgage rates, such affordability initiatives are critical in empowering first-time and low-income borrowers in purchasing a home and building