According to Scott Olson, executive director of the Community Home Lenders of America, it’s not always clear when, how or whether a property will be… Read More »inside mortgage finance – lenders call for updates to fha condo loan process
“CHLA commends FHFA Director [Sandra] Thompson for her action to scrap the use of DTI in the pricing grid for Fannie Mae and Freddie Mac,”… Read More »Scotsman Guide – FHFA rescinds controversial DTI-based upfront fees
“The GSE pricing grid is a complex balancing of the objectives of access to mortgage credit for underserved borrowers and safety and soundness, and [the… Read More »national mortgage news – FHFA drops debt-to-income based pricing adjustment
Scott Olson, executive director of the Community Home Lenders of America, said, “Obviously extending the debt limit is very important, but so far at least,… Read More »inside mortgage finance – Debt Ceiling Standoff Troubles Mortgage Industry
“The inability to reduce loan originator compensation to offset HFA production costs under the current LO Comp rule harms consumers by discouraging lender participation in… Read More »housing wire – CHLA supports changes to CFPB loan originator compensation rule
Inside Mortgage Finance writes about CHLA’s letter to House and Senate appropriators, asking for full funding, pay scale comparability, and contracting flexibility for both FHA… Read More »INSIDE MORTGAGE FINANCE: CHLA Backs FHA, Ginnie FY24 Budget RequestsINSIDE MORTGAGE FINANCE: