Advocacy and Policy Initiatives

Advocacy

CHLA Letter to CFPB: USE QM PATCH RULEMAKING TO HELP FACILITATE A GSE UTILITY MODEL

In a novel approach to creating a Utility Model for the GSEs, CHLA suggested in a letter to the CFPB that the QM rule to be used to give FHFA authority to regulate mortgage loan standards for Fannie and Freddie when they exit conservatorship.  The letter also stressed the critical importance of not letting the QM Patch expire without a more flexible replacement.

CHLA Releases its Latest “GSE Reform Plan”

CHLA today released its updated GSE reform plan, following the administrative approach to GSE reform CHLA has been advocating for 5 years. Citing the substantial reforms accomplished to date, CHLA called on FHFA and Treasury to finish the task by ending the GSE Profit Sweep, finalizing a capital rule, and carrying out a Capital Restoration Plan, that results in an end to the GSEs’ conservatorship.

CHLA Releases Recommendations for FHA Policies

CHLA released its set of FHA policy proposals – which include ending the overcharging of borrowers by ending FHA’s Life of Loan premium policy, reducing disproportionate penalties for missing servicer deadlines, finalizing pending condo flexibility proposals, modernizing FHA’s IT and underwriting standards, and reducing annual premiums as its Net Worth increases.

fEATURED pOSTS