CHLA In The News
A Housing Wire story highlights the action by Fannie Mae and Freddie Mac to delay until December the imposition of a new adverse market fee, citing statements by CHLA and other industry groups in support of the move.
A Scotsman Guide article highlights CHLA’s strong pushback against Fannie Mae and Freddie Mac imposing a new 50 basis point fee on refinances.
A National Mortgage News article highlights industry pushback against a newly announced GSE adverse market fee for refis, quoting CHLA’s criticisms of the move.
Housing Wire: FHA enacts temporary policy shift on forbearances; CHLA pushes back on 20% first loss penalty
A Housing Wire article on FHA’s announcement that it would impose a 20% first loss indemnification penalty on validly underwritten loans that go into forbearance post closing and before insurance features CHLA call to rescind the penalty and work towards a more reasonable policy.
A National Mortgage News story highlights CHLA’s joint letter to HUD Secretary Carson, FHFA Director Calabria, VA Secretary Wilkie, and RHA Administrator Lammers asking for detailed guidance on how servicers implement the forbearance requirements in the CARES Act for FHA, GSE, VA, and RHS loans. The letter highlighted the objective of not encouraging borrowers that can make payments from using forbearance.
National Mortgage News: CHLA Seeks Suspension of Tighter GSE Requirements Due to Coronavirus, Small Business Concerns
CHLA sent a joint letter to Treasury Secretary Mnuchin, HUD Secretary Carson, and FHFA Director Calabria, urging decisive action to ensure liquidity of IMB servicers in the wake of the coronovirus and 2-month foreclosure moratorium – offering potential solutions such as Ginnie Mae advances and a federal guarantee of bank loans to fund advances.
Michael Delehanty pens an Op-Ed explaining the follow of the GSE Profit Sweep – which slowed down Fannie and Freddie’s emergence from conservatorship and raised