For too far too long, low-middle income communities have been plagued with housing shortages as well as neighborhood disinvestment and decline. CHLA stands to solve… Read More »Inside Mortgage Finance – Housing Tax Credit Legislation Reintroduced
The Community Home Lenders Association last week called on the Consumer Financial Protection Bureau to put into place consumer protections on the use of dual… Read More »Inside Mortgage Finance – CHLA Asks CFPB for Dual Compensation Restrictions
CHLA acknowledged that repurchases have long been the default response to loans that don’t meet GSE underwriting standards. “What’s changed in the last year is… Read More »Inside Mortgage Finance – Surging Repurchase Requests May Not Reflect Policy Changes
“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… Read More »Housingwire – FHA Unveils Proposal for a New Partial Claim Option
“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… Read More »Housingwire – Leaders struck a debt ceiling deal. What does it mean for mortgages?
The Community Home Lenders of America (CHLA) sent a letter on Thursday to the Consumer Financial Protection Bureau (CFPB) that urges the agency to adopt and implement a series of rules to protect homebuyers from so-called “dual compensation” arrangements during the homebuying process.