CHLA In The News
SCOTSMAN GUIDE: CHLA says direct payments may be ‘only way’ to incentivize small-dollar FHA loans
Article highlights CHLA Letter to FHA Acting Commissioner Joe Gormley making implementation of small-dollar mortgage pilot programs — as the housing bill directs — a top priority.
NATIONAL MORTGAGE PROFESSIONAL: CHLA Says Direct Payments Are Key To Small FHA Loans
Article highlights CHLA letter to FHA presenting the group’s findings about implementation of Section 105 of the recently enacted “21st Century Road to Housing Act., which gives HUD authority to make payments to lenders and borrowers and to change terms for FHA small dollar loans [defined as loans less than $100,000].
NATIONAL MORTGAGE NEWS: CFPB eyes TRID changes that could reshape closing disclosures
Article highlights CHLA support for CFPBs review and cites CHLAs Rob Zimmer, who notes the trade group will recommend ways to give families updated and sometimes faster ways to access their mortgage money, while maintaining sufficient guardrails to protect these same families.
HOUSING WIRE: Housing groups push FHFA to delay, revise GSE condo loan changes
Article highlights industry letter from CHLA, CAI and NAMB to FHFA Director Pulte and the GSEs highlighting “significant concerns” about affordability, access and inventory as they relate to the GSEs’ condo policy changes announced in March.
National Mortgage News: Fannie and Freddie Release FICO 10T Historical Data in Long-awaited Move
Article about GSE publication of historical FICO Score 10T data along with additional Vantage 4.0 historical data cites comments by Rob Zimmer of CHLA, commending release of the data, which will expand mortgage credit access to more borrowers while also cautioning that pricing remains uncertain.
National Mortgage News: What early mortgage feedback has been like for Basel
In a comment letter to regulators, CHLA expressed skepticism that proposed risk weight reductions will have any significant impact in bringing banks back into the business of originating mortgage loans.
CHLA asks RHS to efficiently carry out delegated authority initiative in wake of employee directive
CHLA today wrote the Rural Housing Service (RHS) to once again commend RHS for its initiative to create delegated underwriting authority for lenders – but
SCOTSMAN GUIDE: CHLA says direct payments may be ‘only way’ to incentivize small-dollar FHA loans
Article highlights CHLA Letter to FHA Acting Commissioner Joe Gormley making implementation of small-dollar mortgage pilot programs — as the housing bill directs — a top priority.
NATIONAL MORTGAGE PROFESSIONAL: CHLA Says Direct Payments Are Key To Small FHA Loans
Article highlights CHLA letter to FHA presenting the group’s findings about implementation of Section 105 of the recently enacted “21st Century Road to Housing Act.,