CHLA submitted a detailed letter to Ginnie Mae asking it to scrap the proposed increased financial requirements and risk-based capital rule – or rework them to focus on larger issuers, where most of Ginnie Mae’s risk is.

Read the Letter Here In a strong joint letter to Treasury, FHFA, and Fannie Mae, CHLA called on these entities to take action to reverse Fannie Mae actions to reduce the percentage of certain lenders’ investor/second home loans to 3%, highlighting the negative impact on smaller lenders.

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