CHLA sent a letter to the Department of Justice seeking an antitrust review of the proposed purchase of Black Knight by ICE – citing concerns about the impact on consumers and smaller IMB lenders

Following on its previous IMB sign on letter on FHA premiums, CHLA writes FHA for action to streamline the FHA condo approval process, to increase permissible lender fees for FHA loan assumptions, and for an end to disproportionate penalties for missing servicing deadlines.

CHLA spearheaded the sending of an IMB sign-on letter to FHA, signed by over 40 IMBs, calling on FHA to cut annual premiums and end its Life of Loan policy.

In a letter to FHFA, CHLA makes a series of recommendations to protect smaller IMBs by revising proposed new financial requirements for Fannie/Freddie seller/servicers – including scrapping the 2% TBA hedging liquidity requirement for smaller IMBs and creating an FHLB advance program for IMBs.

CHLA wrote a letter to Ginnie Mae asking to reduce minimum pool thresholds for CR-G pools with re-performing FHA loans.

While a CHLA comment letter on FHFA’s Draft 2022-2026 Strategic Plan generally praised the Plan’s commitment to access to mortgage credit, CHLA raised concerns about an excerpt from the plan hinting that FHFA was considering using direct exam authority over non-bank servicers. The CHLA letter concluded this is neither necessary or warranted – offering detailed points to back up that conclusion.