CHLA In The News
CHLA renews call to allow Fannie Mae, Freddie Mac to rebuild capital – Housing Wire 11/04/16
GSEs reported combined net income of more than $5 billion in 3rd quarter November 4, 2016 by Ben Lane From the above article in Housing Wire: “The Community Home Lenders Association said that the potential need for another draw from the Treasury could impact the mortgage market’s ability to lend…’CHLA renews its call for FHFA Director Watt to allow the GSEs to retain some profits
Pressure Building on FHA to Cut Premiums Again – National Mortgage News 10/27/16
October 27, 2016 As reported by Brian Collins in National Mortgage News, pressure is building for another FHA premium cut in advance of the impending FHA Actuarial Report, including CHLA sending a letter to FHA calling for a cut of 30 basis points. Click Here for the full article.
Industry split on FHA insurance-premium cuts – Scotsman Guide 10/14/16
October 14, 2016 As reported by Victor Whitman for ScotsmanGuide.com, the Community Home Lenders Association is renewing calls for an insurance premium cut on Federal Housing Administration loans. Click Here for full article.
Small Lenders Worry GSE Moves Will Leave Them Behind – National Mortgage News 10/13/16
October 13, 2016 As reported by Brian Collins in National Mortgage News, community lender groups, such as CHLA, are expressing concerns about the potential reemergence of volume discounts in conjunction with GSE up-front risk sharing. Click Here for the full article.
MBA Makes Case for Front-end Risk Sharing – Scotsman Guide 10/13/16
October 13, 2016 As reported by Victor Whitman on Scotsmanguide.com, “CHLA is pleased that MBA’s letter stresses transparency and a level playing field, both principles CHLA highlighted in our comment letter last month,” CHLA Executive Director Scott Olson said. “By comparison, though, CHLA appears to have deeper concerns about how upfront risk sharing could upset a level playing field.” Click Here for full article.
Mortgage industry reacts to watershed PHH-CFPB ruling – HousingWire 10/11/16
Reaction from all sides to Court of Appeals decision October 11, 2016 by Ben Lane For the above-referenced Housing Wire article: “The Community Home Lenders Association is encouraged by today’s court ruling in PHH Corporation vs. the CFPB – both in terms of increasing accountability regarding the CFPB’s governing structure, and also with respect to restricting retroactive penalties for prior conduct,’ the CHLA said
CHLA Statement on FedFin Study That Finds ICE/Black Knight Merger Could Harm Small Lenders
Today, the Community Home Lenders Association (CHLA) Executive Director Scott Olson released the following statement on the Federal Financial Analytics (FedFin) study which found the ICE/Black Knight
CHLA Letter Seeks Exemption for Smaller IMBs from Redundant CFPB Form Contract Rule
The Community Home Lenders of America (CHLA) today sent a Comment Letter to the Consumer Financial Protection Bureau (CFPB) seeking an exemption for smaller independent mortgage
CHLA Letter seeks smaller IMB exemption from duplicative burdensome CFPB proposed rule on form contracts
The Community Home Lenders of America (CHLA) sent a formal comment letter to the CFPB, asking for an exemption from the rule’s requirements to submit