Advocacy
CHLA Letter to justice department seeking antitrust review of black knight purchase by ICE
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
CHLA makes access to credit recommendations to FHA
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 spearheads imb sign-on letter calling for fha premium cuts and an end to life of loan
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.
CHLA Writes FHFA seeking small lender protections in new GSE financial requirements
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 writes Ginnie Mae seeking smaller CR-G pool thresholds
CHLA wrote a letter to Ginnie Mae asking to reduce minimum pool thresholds for CR-G pools with re-performing FHA loans.
CHLA Comment Letter Raises Small Servicer concerns about FHFA Strategic Plan excerpt
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.
CHLA Statement on FedFin Study That Finds ICE/Black Knight Merger Could Harm Small Lenders
Today, the Community Home Lenders Association (CHLA) Executive Director Scott Olson released the following statement on the Federal Financial Analytics (FedFin) study which found the ICE/Black Knight
CHLA Letter Seeks Exemption for Smaller IMBs from Redundant CFPB Form Contract Rule
The Community Home Lenders of America (CHLA) today sent a Comment Letter to the Consumer Financial Protection Bureau (CFPB) seeking an exemption for smaller independent mortgage
CHLA Letter seeks smaller IMB exemption from duplicative burdensome CFPB proposed rule on form contracts
The Community Home Lenders of America (CHLA) sent a formal comment letter to the CFPB, asking for an exemption from the rule’s requirements to submit