In a letter addressed to the Senate banking committee, CHLA cited Jones’s housing policy expertise, government experience and mortgage industry knowledge. The group said he understands FHA’s role in expanding sustainable homeownership while maintaining prudent risk management and program integrity.

CHLAs letter to FHFA says the added data could improve MBS transparency, reduce recurring credit score cost increases , and help investors assess prepayment speeds and the credit performance of underlying loans.

Article cites CHLA efforts to push FHFA to widen lender choice and praise for FHFAs decision to increase competition, noting it could place competitive pressure on credit costs.

Article cites CHLAs proposal for a Federal Reserve facility modeled on the Term Asset-Backed Securities Loan Facility would be the most logical funding source

Article highlights CHLA Ginnie Mae White Paper, noting that nonbanks are “bankrolling the federal government, and don’t have any of the tools that banks have to safeguard liquidity.”

Article highlights CHLA push for qualified IMBs to gain access to FHLBank membership and liquidity — while simultaneously warning regulators against allowing the banks to move too far into mortgage purchasing.