Advocacy
CHLA Commends FHFA Director Pulte for comments on Increased Fannie/Freddie Purchases of MBS
CHLA today wrote FHFA Director Pulte and Treasury Secretary Bessent, commending Director Pulte for his tweet that Fannie Mae and Freddie Mac are beginning to buy even more of their MBS – citing data showing that such MBS purchases can bring down mortgage rates and renewing CHLA’s call for the GSEs to buy Ginnie Mae MBS
CHLA Comments on FHFA new activity rule proposal for FHLBs
CHLA submits a comment letter to FHFA, asking for guardrails on approvals of new products for the Federal Home Loan Banks and asking the FHLBs to expand membership to include IMBs.
CHLA Asks CFPB to protect smaller IMBs through tiered regulation and reform LO Comp and trid
CHLA today submitted a detailed comment letter to the CFPB, with recommendations to revise regulations to enhance access to mortgage credit – asking for an exemption from CFPB supervision for smaller IMBs, rolling back LO Comp to its original purpose of banning aggregator yield spread payments to brokers, and reforming TRID
CHLA asks RHS to efficiently carry out delegated authority initiative in wake of employee directive
CHLA today wrote the Rural Housing Service (RHS) to once again commend RHS for its initiative to create delegated underwriting authority for lenders – but also to express concern that a directive for single family employees to move to St. Louis, MO not undermine its implementation.
HOUSING WIRE: Condo approval policies should balance prudent underwriting and affordability
Article cites CHLA-CAI-MBA letter to FHFA seeking more flexibility around recent condo changes, noting that 60% to 80% of all condos used limited reviews before
NATIONAL MORTGAGE PROFESSIONAL: FHFA Opens VantageScore To All GSE Lenders, Eyes Credit Report Overhaul
Article cites CHLA efforts to push FHFA to widen lender choice and praise for FHFAs decision to increase competition, noting it could place competitive pressure
national mortgage professional: CHLA Wants Ginnie Mae Liquidity Backstop Ready Before Next Crisis
Article cites CHLAs proposal for a Federal Reserve facility modeled on the Term Asset-Backed Securities Loan Facility would be the most logical funding source