CHLA In The News
Inside Mortgage Finance – Long lead Time Eases Ginnie Issuer Eligibility Concerns
Despite Ginnie Mae implementing revised financial eligibility requirements, CHLA feels confident that our members are prepared as Ginnie has provided sufficient time for issuers to react to these new regulatory standards.
Scotsman Guide – FHFA to Gather More Feedback to Ease Switch to New GSE Credit Score Requirements
The FHFA has announced a series of public listening sessions to platform industry concerns over the tri-merge to bi-merge credit scoring models.
National Mortgage News – FHFA Gives More Flexibility to Credit Modernization Timeline
FHFA Director Sandra Thompson recently announced the implementation of public listening sessions in response to concerns over the tri-merge to bi-merge credit scoring transition.
HousingWire – FHFA Delays Bi-Merge Credit Transition Following Industry Concerns
CHLA applauds FHFA Director Sandra Thompson on announcing public listening sessions to ensure a smooth transition to the bi-merge credit scoring models, FICO 10T and VantageScore 4.0.
Inside Mortgage Finance – Market Split on GSE Pricing Scheme
More broadly, CHLA is supportive of FHFA’s efforts to rationalize GSE pricing. The group favors the agency’s plan to reduce prices for underserved, minority and first-time homebuyers. It also said that current pricing, while not strictly risk-based, is consistent with the GSEs’ charters and their duty-to-serve obligations.
National Mortgage News – Why Fewer Credit Reports Could Mean More Complexity for Mortgages
To mitigate concerns associated with the move to the two new credit score models, CHLA asks that the new scores be added one at time, with VantageScore being the first, and for there to be more time added to the implementation process.
Scotsman Guide: Consumers Deserve a Mortgage Bill of Rights
Executive Director Scott Olson talks about CHLA’s Consumer Mortgage Bill of Rights, which identifies the different areas of the mortgage industry where consumer protections need
Inside Mortgage Finance – Long lead Time Eases Ginnie Issuer Eligibility Concerns
Despite Ginnie Mae implementing revised financial eligibility requirements, CHLA feels confident that our members are prepared as Ginnie has provided sufficient time for issuers to
Scotsman Guide – FHFA to Gather More Feedback to Ease Switch to New GSE Credit Score Requirements
The FHFA has announced a series of public listening sessions to platform industry concerns over the tri-merge to bi-merge credit scoring models.