CHLA In The News
Groups renew pitch for GSE buffers – Scotsman Guide 3/24/17
March 24, 2017 As reported by Victor Whitman on ScotsmanGuide.com, two small-lender trade groups, CMLA and CHLA, and others are urging FHFA to allow Fannie Mae and Freddie Mac to rebuild capital buffers in the event of quarterly losses. Click Here for full article.
Lenders, Consumer Groups Call for End to GSE Dividend Sweep – National Mortgage News 3/23/17
March 23 2017, 5:20 pm As reported by Ian McKendry in National Mortgage News, small lenders and consumer groups sent a letter calling on the Treasury Department and the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to build up capital reserves. Click Here for full article.
Fannie Rental Securitization Deal Draws Fire from Industry Groups – National Mortgage News 3/15/17
March 15 2017, 1:22pm EDT As reported by Brian Collins in National Mortgage News, the Community Home Lenders Association and the National Association of Realtors are raising concerns about a Fannie Mae financing deal involving the securitization of single-family rental homes, arguing it is too far removed from the government-sponsored enterprise’s mandate. Click Here for full article.
Trade Group Questions Fannie's Blackstone Deal – Scotsman Guide 3/15/17
Mar 15, 2017 13:00 ET As reported by Victor Whitman on ScotsmanGuide.com, the Community Home Lenders Association has concerns regarding Fannie Mae’s plans to refinance thousands of single-family homes by lending to the private equity firm, Blackstone Grou Click Here for full article.
Trump blocks Federal Housing Administration plan to cut mortgage fees – Politico 1/20/2017
01/20/17 01:29 PM EST Updated 01/20/17 03:25 PM EST As reported by Lorraine Woellert on Politico.com, the Trump administration has suspended an Obama administration mortgage fee cut supported by mortgage lenders and other housing groups, saying more analysis was needed. Click Here for full article.
Is Trump's suspension of FHA mortgage insurance premium cut good or bad? – Housing Wire 1/20/2017
Suspended indefinitely January 20, 2017 by Brena Swanson From the above-referenced Housing Wire article: “Scott Olson, the Community Home Lenders Association’s executive director, is hopeful that the cut will stick around after review. ‘Based on the prior administration’s lack of communication on the FHA premium reduction, we believe the decision to review such action prior to implementation is prudent. We are confident the review will support
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