Advocacy
CHLA asks CFPB for safe harbor/small IMB exemption from proposed CFPB registry rule
The Community Home Lenders of America (CHLA) formally submitted a comment letter to the CFPB, asking for: (1) safe harbor compliance status for IMBs that comply with NMLS reporting requirements for agency and court orders, and (2) an exemption for all but the largest IMBs from a proposed new requirement to designate a senior executive responsible for compliance with such orders.
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 form contracts that might waive consumer legal actions, citing existing Dodd-Frank rules prohibition arbitration and other actions limiting consumer rights on mortgage loans.
CHLA Letter to CFPB – Trigger leads for purchase mortgage loans
CHLA sent a letter to CFPB Director Rohit Chopra, asking the CFPB to undertake a comprehensive review of trigger leads for mortgage loans and take appropriate enforcement actions to protect consumers
FHA unveils proposal for a new partial claim option
“The skyrocketing of mortgage rates has undermined FHA’s main loss mitigation tool for helping distressed borrowers – and FHA’s nimbleness in finding a workaround for
CHLA Commends FHA Commissioner Gordon for New Proposal to Keep Homeowners in their Home
The Community Home Lenders of America (CHLA) commended FHA Commissioner Julia Gordon for today’s announcement that FHA is proposing a program to create a flexible partial claim
Leaders struck a debt ceiling deal. What does it mean for mortgages?
“But mortgage rates have been creeping up in recent weeks because of uncertainties, so an agreement that brings some deficit reduction and removes this uncertainty