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.

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,

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

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

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

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.