Advocacy
CHLA Asks FHFA to Fast track Vantagescore – citing update to chla white paper
The Community Home Lenders of America (CHLA) today sent a letter to U.S. Housing (FHFA) Director Pulte to make recommendations from CHLA’s recent Credit Score White Paper Update – including fast tracking VantageScore, removing references to Fair Isaac from GSE credit score requirements – and ultimately having Fannie and Freddie develop their own capabilities to increase competition and bring down prices
CHLA SEEKS GUIDANCE FROM REGULATORS AND CREDIT BUREAUS ABOUT NEW TRIGGER LEADS LAW
CHLA sent letters today to the CFPB, FTC and Credit Bureaus requesting clarity on implementation of the recently enacted Homebuyer Privacy Protection Act that took effect on March 4 to ensure that consumers are able to continue receiving communications from lenders with whom they have an existing business relationship.
CHLA releases analysis of fico credit score increases
CHLA today released an update to its 2024 White paper on Credit Score Markets and Pricing – using surveys from CHLA members to calculate the updated impact of recent FICO credit score prices and provide an analysis and make recommendations in response to those developments.
CHLA concerns regarding single bureau credit pulls
CHLA does not support a Single Credit Bureau Pull model, identifying concerns about the approach – released as an Addendum to their 2024 White Paper on Mortgage Credit Score Markets and Pricing
housing wire: Insurance is having a growing impact on condo affordabilityhousing wire:
Kelly Welch analyzes condo insurance changes made the previous week by Fannie Mae and Freddie Mac, and makes suggestions going forward on how to improve
HOUSING WIRE: SINGLE CREDIT BUREAU PULLS – LOOK BEFORE YOU LEAP
An Op-Ed by CHLA President Taylor Stork highlights how a single bureau credit report could increase risk and raise rates
Housing wire: Mortgage trade groups urge rollback of proposed VA loan fee hikes
Housing Wire article about CHLA’s successful effort to kill VA mortgage fee hikes for home purchase loans in Veterans’ Affairs Committee markup of H.R. 6047