Advocacy
CHLA Comments on FHFA new activity rule proposal for FHLBs
CHLA submits a comment letter to FHFA, asking for guardrails on approvals of new products for the Federal Home Loan Banks and asking the FHLBs to expand membership to include IMBs.
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.
NATIONAL MORTGAGE PROFESSIONAL: IMBs Make Most Mortgages – CHLA Says It’s Time They Got FHLBank Access
Article highlights CHLA push for qualified IMBs to gain access to FHLBank membership and liquidity — while simultaneously warning regulators against allowing the banks to
SCOTSMAN GUIDE: FHFA gets just five comments on plan to repeal regulation at Federal Home Loan Banks
Article highlights CHLAs support for giving FHLBs greater operational flexibility and concerns that expansion of activities could create unnecessary systemic risk.
HOUSING WIRE: CHLA wants IMBs to be eligible for FHLBank membership
Group warns against expanded mortgage purchases while urging modernized membership and annual lending reviews