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CHLA In The News

CHLA In The News

Ginnie Mae’s New Capital Rules Draw Split Opinions

The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks” from this aspect of updated counterparty criteria released recently in conjunction with the Federal Housing Finance Agency.

Housing wire: FHFA and Ginnie Mae relax proposed seller servicer requirements

A Housing Wire article explains that “The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers” – citing CHLA as a key industry stakeholder pushing back when they were first proposed.