Advocacy
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.
CHLA co-authors letter to FHFA, seeking modernization of gse appraisal policies
CHLA and other trade groups send a letter to FHFA, with a series of recommendations on modernizing appraisal requirements of Fannie Mae and Freddie Mac
NATIONAL MORTGAGE NEWS: TRID review triggers battle over refi rescission rules
Article highlights CHLA comments to the CFPB calling for changes to the current QM rule to facilitate first-time home buyer activity.
SCOTSMAN GUIDE: TRID takes center stage in flurry of responses to proposed CFPB ruleS
Article highlights CHLA’s call to modernize TRID by adopting a bona fide financial emergency waiver disclosure for consumers; revising tolerance categories, and finalizing a risk-based
National Mortgage Professional: “CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform”
Article highlights CHLA request to the CFPB to limit the federal loan originator compensation rule to payments between separate companies—not what a lender pays its