Advocacy
FHFA Request for Information: The Future of the Federal Home Loan Banks
The Community Home Lenders of America (CHLA) writes to submit comments and recommendations in response to FHFA’s Request for Information regarding the future of the Federal Home Loan Bank system. These comments are offered during a period of changing mortgage origination and refinance marketplace over the last ten years. As large banks have moved sharply away from mortgages, independent mortgage bankers (IMBs) and community banks
CHLA Fintech Comment Letter to FHFA Asks GSEs to Ban Clicks Fees, Tying Practices on GSE Loans
The Community Home Lenders of America (CHLA) submitted a formal comment letter to the Federal Housing Finance Agency (FHFA), in response to FHFA”s Request for Information on Fintech issues.
CHLA Requests $6.6 Million in FHA IT Funding in FY 2023 THUD Appropriations
Today the Community Home Lenders of America (CHLA) wrote a letter requesting $6.6 million in funding for the FHA Catalyst Information Technology (IT) initiative in the FY 2023 THUD appropriations conference report. The House THUD appropriations bill earmarked $6,598,000 in new budget authority for FHA modernization in the Committee report. This would allow FHA to move ahead expeditiously with its Catalyst IT modernization project. Unfortunately,
CHLA asks ginnie mae to exempt small/mid-size imbs from risk based capital requirements
In a letter to Ginnie Mae, CHLA renews its request to exempt small and mid-sized IMBs from new Risk-Based Capital Requirements, raising concerns about reducing the number of issuers and causing lower MSR prices through forced selling
CHLA writes FHA, Ginnie mae citing ted tozer blog seeking changes to loss mitigation, repooling requriements
In a letter to FHA and Ginnie Mae, CHLA calls attention to a Blogpost by former Ginnie Mae President Ted Tozer calling attention to the problem of re-pooling defaulted FHA loans in a rising interest rate environment and recommendations changes to loss mitigation to address this
CHLA Submits CRA comment letter – against extending Cra to imbs and on appropriate fair housing ecoa regulation of IMBs
An extensive CHLA comment letter on new CRA regulations extensively argues that CRA for IMBs is neither necessary nor appropriate – and outlines a balance approach to CFPB Fair Housing Act and ECOA regulation of IMBs
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