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
Scotsman Guide: USDA restructuring threatens rural mortgage overhaul, CHLA cautions
Article highlights CHLA letter to the Rural Housing Service (RHS) warning that restructuring plans at USDA could jeopardize RHS modernization efforts.
SCOTSMAN GUIDE: CHLA says direct payments may be ‘only way’ to incentivize small-dollar FHA loans
Article highlights CHLA Letter to FHA Acting Commissioner Joe Gormley making implementation of small-dollar mortgage pilot programs — as the housing bill directs — a top priority.
NATIONAL MORTGAGE PROFESSIONAL: CHLA Says Direct Payments Are Key To Small FHA Loans
Article highlights CHLA letter to FHA presenting the group’s findings about implementation of Section 105 of the recently enacted “21st Century Road to Housing Act.,