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

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 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

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.

CHLA spearheaded the sending of an IMB sign-on letter to FHA, signed by over 40 IMBs, calling on FHA to cut annual premiums and end its Life of Loan policy.

In a letter to FHFA, CHLA makes a series of recommendations to protect smaller IMBs by revising proposed new financial requirements for Fannie/Freddie seller/servicers – including scrapping the 2% TBA hedging liquidity requirement for smaller IMBs and creating an FHLB advance program for IMBs.