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Advocacy and Policy Initiatives


CHLA Commends FHA Commissioner Gordon for New Proposal to Keep Homeowners in their Home

The Community Home Lenders of America (CHLA) commended FHA Commissioner Julia Gordon for today’s announcement that FHA is proposing a program to create a flexible partial claim loan modification option for defaulted borrowers – which avoids having to take the underlying loan out of a Ginnie Mae loan pool. CHLA was the first national association to ask FHA to develop such a program option, in a letter

CHLA Writes FHFA seeking elimination of >40% DTI LLPA

CHLA sent a letter to FHFA Director Sandra Thompson, asking for the elimination of the LLPA for Fannie Mae and Freddie Mac loans over 40% DTI – and offering support for a 2 Basis point across the board LLPA hike if that is necessary to end the DTI pricing component