CHLA In The News
Watt says FHFA could withhold GSE dividends – Scotsman Guide 5/11/17
May 11, 2017 As reported on ScotsmanGuide.com, FHFA Director Mel Watt has indicated that the regulator may suspend the profit sweeps to the U.S. Treasury in an effort to avoid future Treasury draws. Click Here for full article.
GSEs ramp up risk sharing to mixed reviews – Scotsman Guide 4/19/17
April 19, 2017 ScotsmanGuide.com The Community Home Lenders Association, representing non-bank lenders, weighed in on the GSEs’ current risk transfer program. “The success of the significant number of back-end risk sharing transactions shows this is a viable and effective way to do this, so CHLA continues to discourage the GSEs from doing up-front risk sharing, particularly with vertically integrated Wall Street banks,” CHLA Executive Director Scott
Community lenders stress possible negative impact on MID in tax reform – Housing Wire 4/12/17
Pens letter with two requests April 12, 2017 by Brena Swanson From the above-referenced Housing Wire article: “As the Trump administrations works on hashing out comprehensive tax reform, the Community Home Lenders Association penned a letter to address its serious concerns about the future of the mortgage interest deduction, along with the potential negative impact to it.” Click Here for full article.
Mortgage News Daily – Fannie/Freddie Changes – Their Future Remains Uncertain
BY: ROB CHRISMAN Fannie/Freddie Changes–Their Future Remains Uncertain (Excerpt) The CHLA released its version of a comprehensive GSE reform plan. “As the Trump Administration begins to wade into this issue, and Congress is starting to do the same, CHLA wanted to weigh in with a detailed set of recommendations. They focus on key CHLA priorities – broad consumer access to mortgage credit, small lender protections to ensure full
GSE dividend jump starts debate on reforms – Scotsman Guide 3/30/17
March 30, 2017 As reported by Victor Whitman on ScotsmanGuide.com, GSEs, Fannie Mae and Freddie Mac, are poised to make nearly $10 billion in dividend payments to the U.S. Treasury and the Community Home Lenders Association are urging FHFA to end the profit sweeps and create a capital buffer to protect the GSEs from a future bailout. Click Here for full article.
Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury – Housing Wire 3/23/17
Will Trump administration have a different answer? March 23, 2017 by Ben Lane From the above-referenced Housing Wire article: “In a letter sent Thursday to Treasury Secretary Steven Mnuchin and Mel Watt, Director of the Federal Housing Finance Agency, a group that includes the Community Home Lenders Association, the Community Mortgage Lenders of America, and the NAACP asked the government to suspend the GSEs’ upcoming dividend payment to avoid
CHLA submits comment letter on illinois CRA draft regulations
CHLA submits a formal comment letter on the draft regulations to implement the Illinois CRA law for IMBs – including a proposal to increase minority
Scotsman Guide: FHFA delays implementation of controversial DTI-based loan fees
A Scotsman Guide article on FHFA’s 3-month delay of higher LLLPAs for GSE loans over 40% DTI highlights CHLA’s praise for the delay and continued
Housing wire: Setting the record straight on IMBs
A Housing Wire Oped by Christina Brown of Atlantic Bay Mortgage explains the CHLA release of their report on IMB regulatory creep – rebutting the