Advocacy
CHLA Fintech Comment Letter to FHFA Asks GSEs to Ban Clicks Fees, Tying Practices on GSE Loans
The Community Home Lenders of America (CHLA) submitted a formal comment letter to the Federal Housing Finance Agency (FHFA), in response to FHFA”s Request for Information on Fintech issues.
CHLA Requests $6.6 Million in FHA IT Funding in FY 2023 THUD Appropriations
Today the Community Home Lenders of America (CHLA) wrote a letter requesting $6.6 million in funding for the FHA Catalyst Information Technology (IT) initiative in the FY 2023 THUD appropriations conference report. The House THUD appropriations bill earmarked $6,598,000 in new budget authority for FHA modernization in the Committee report. This would allow FHA to move ahead expeditiously with its Catalyst IT modernization project. Unfortunately,
CHLA asks ginnie mae to exempt small/mid-size imbs from risk based capital requirements
In a letter to Ginnie Mae, CHLA renews its request to exempt small and mid-sized IMBs from new Risk-Based Capital Requirements, raising concerns about reducing the number of issuers and causing lower MSR prices through forced selling
CHLA writes FHA, Ginnie mae citing ted tozer blog seeking changes to loss mitigation, repooling requriements
In a letter to FHA and Ginnie Mae, CHLA calls attention to a Blogpost by former Ginnie Mae President Ted Tozer calling attention to the problem of re-pooling defaulted FHA loans in a rising interest rate environment and recommendations changes to loss mitigation to address this
CHLA Submits CRA comment letter – against extending Cra to imbs and on appropriate fair housing ecoa regulation of IMBs
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
CHLA Joins CMLA in asking FHFA to terminate HARMFUL gse PSPA provisions
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 Statement on FedFin Study That Finds ICE/Black Knight Merger Could Harm Small Lenders
Today, the Community Home Lenders Association (CHLA) Executive Director Scott Olson released the following statement on the Federal Financial Analytics (FedFin) study which found the ICE/Black Knight
CHLA Letter Seeks Exemption for Smaller IMBs from Redundant CFPB Form Contract Rule
The Community Home Lenders of America (CHLA) today sent a Comment Letter to the Consumer Financial Protection Bureau (CFPB) seeking an exemption for smaller independent mortgage
CHLA Letter seeks smaller IMB exemption from duplicative burdensome CFPB proposed rule on form contracts
The Community Home Lenders of America (CHLA) sent a formal comment letter to the CFPB, asking for an exemption from the rule’s requirements to submit