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CHLA In The News

CHLA In The News

Small lenders grab spotlight on reform debate – Scotsman Guide 7/20/17

July 20, 2017 As reported by Victor Whitman, Chief Reporter in Scotsman, a group of small lenders, including CHLA President Bill Giambrone,  testified before the Senate Banking Committee in support of Fannie Mae and Freddie Mac which have enabled these lenders to remain competitive with big banks. Click Here for full article.    

Small lenders fear GSE reform would resurrect bulk discounts for big banks – National Mortgage News 7/20/17

  July 20 2017, 5:44 pm EDT As reported by Ian McKendry in National Mortgage News, small lenders such as the CHLA testifying at a Senate Banking Committee hearing warned that the approval of new competitors to Fannie Mae and Freddie Mac could result in the re-emergence of volume discounts and other practices which would be detrimental to small mortgage lenders. Click Here to read the full article.

Lack of FHA chief fuels uncertainty about premium cut – National Mortgage News 7/07/17

  July 07 2017, 3:31 pm EDT  As reported by Brian Collins in National Mortgage News, without a Commissioner of FHA six months into the new Administration, issues ranging from lowering annual premiums to eliminating the “life of loan” policy, will go unaddressed for now.  Proponents of both of these measures point to the positive performance of FHA’s portfolio as well as its declining delinquency rates. Click Here

Small lenders and affordable housing groups issue joint GSE reform proposal – Housing Wire 6/28/17

A guide to protect small lenders June 28, 2017: by  Brena Swanson From the above Housing Wire article:   “Small lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members.  The organizations that signed the 1-page list of core common GSE reform principles include: Community Home Lenders Association,. . .” Click Here for full

CHLA, NAR weigh in on regulatory burdens in comment letter to HUD – Housing Wire 6/15/17

FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD June 15, 2017 by Brena Swanson From the above-referenced Housing Wire article:  “CHLA recommended that FHA reduce the annual insurance premium on forward loans from .85% to .55%. “We note that even with this change, overall premium levels would still be higher than the levels in place before premium increases designed to replenish

CHLA: Budget Numbers Show FHA is Continuing to Overcharge Borrowers – 5/23/17

$30 million Technology Fee should instead come out of $7.1 billion in Net FHA Profits;   FHA premiums Should be Reduced and Life of Loan Premiums Ended  Contact: Scott Olson                                                                 For  Immediate Release 571-527-2601