Advocacy and Policy Initiatives

Advocacy

CHLA Writes FHFA to Seek Suspension of Increased Net Worth and Liquidity Requirements Due to Coronavirus; Also Seeks Small IMB exemption due to their lower financial & systemic risk.

CHLA today wrote the FHFA asking for a suspension of implementation of pending increased net worth and liquidity requirements for GSE servicers, arguing that it would harm access to credit for lenders and borrowers, in the middle of the coronavirus crisis. The CHLA letter also argued that smaller IMBs should be exempt from the requirements, due to their significantly lower financial and systemic risk relative

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.

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