Housing Wire reports on House Financial Services Committee passage of H.R. 3141, a bill to end FHA’s life of loan premiums. The article highlights CHLA’s support for the bill and opposition to Life of Loan, which adds $15,000 in fees over the life of a 30-year loan and is hurting FHA finances through refis to conventional loans. Click Here to read full article.

EXCERPT FROM ROB CHRISMAN NEWSLETTER The CHLA has weighed in with a letter to the CFPB, offering “a common sense approach to the issue of LO Compensation flexibility. Commonly an LO makes a loan offer, in conjunction with working with a potential borrower, sometimes for an extended period of time. Then, at the last minute the borrower solicits a competing offer at the last minute, at a lower rate. Unfortunately,

A National Mortgage News story highlights CHLA’s support for the Milken Institute’s GSE administrative reform plan to have Fannie and Freddie immediately rebuild capital – contrasting that with opposition from other groups like the MBA.

December 21, 2018 As reported by Victor Whitman in today’s Scotsmanguide.com, the House Financial Services Committee, in its final hearing of 2018, met to listen to industry representatives regarding the Bipartisan Housing Finance Reform Act.  Lobbyists for larger housing and banking trade groups, as well as smaller independent mortgage banks (CHLA among them), were there to voice their views on particular provisions of this proposed

November 26, 2018 As reported by Hannah Lang in National Mortgage News, mortgage lenders and consumer groups are making their voices heard as FHFA develops a plan meant to help with the transition if Fannie and Freddie are released from government conservatorship.  CHLA comments. Click Here for full article.      

November 15, 2018 As reported by Victor Whitman on scotsmanguide.com, FHA Commissioner Brian Montgomery is looking to make significant changes that will likely make it harder for new borrowers to obtain loans from the Federal Housing Administration.  CHLA comments. Click Here for full article.