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.

Inside Mortgage Finance article about the merger of CHLA and CMLA, concluding that “‘The merger will create space for more policy advocacy for smaller originators,’ according to industry veterans.”

In an interview with Christopher Whalen, CHLA Executive Director Scott Olson discusses the new impact CHLA will have in Washington after merging with the Community Mortgage Lenders of America. 

An Inside Mortgage Finance article highlights the impact CHLA and CMLA letters had on Ginnie Mae and FHFA’s reductions of financial requirements for issuers and seller-services

A Scotsman Guide articles credits CHLA as the driving force in Ginnie Mae and FHFA scaling back earlier more draconian proposals to raise financial requirements for Ginnie Mae issuers and GSE seller-services

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.