CHLA In The News

CHLA In The News

National Mortgage News: CHLA Calls for Guidance on Coronavirus Forbearance Requirements

A National Mortgage News story highlights CHLA’s joint letter to HUD Secretary Carson, FHFA Director Calabria, VA Secretary Wilkie, and RHA Administrator Lammers asking for detailed guidance on how servicers implement the forbearance requirements in the CARES Act for FHA, GSE, VA, and RHS loans. The letter highlighted the objective of not encouraging borrowers that can make payments from using forbearance.

Inside Mortgage Finance: CHLA Raises Concerns about Higher GSE Seller-Servicer Requirements

The Federal Housing Finance Agency’s new proposal on higher capital standards for Fannie Mae/Freddie Mac servicers is still pretty fresh but already the industry is reacting. The Community Home Lenders Association said in a statement it’s afraid the language, as proposed, could “reduce access to mortgage credit and increase industry consolidation among the industry’s largest participants, which in turn could increase systemic risk.” CHLA chief Scott Olson notes, “Seller-servicer requirements have already been

Chrisman Newsletter: Highlights CHLA’s Key Role in Transitional Licensing Law and Advocacy for SAFE Act Parity

EXCERPT FROM CHRISMAN DAILY NEWSLETTER:     And in a somewhat related issue, Scott Olson, Executive Director of the Community Home Lenders Association, commented on some investors accepting, or denying, loans originated by MLOs through transitional licensing. “Great article about the SAFE Act. CHLA was instrumental in the process of enacting transitional licensing legislation, working closely with SAFE Act author Spencer Bachus (R-AL) on his introduction of the first transitional licensing

Inside Mortgage Finance: CHLA Warns Regulators of IMBs – Don’t Over-react to FSOC Report on IMB Risk

The release of the Financial Stability Oversight Council report on nonbank risk hasn’t been greeted warmly in all sectors of the mortgage industry. But there are some positives as Scott Olson of the Community Home Lenders Association points out: “While some press reports on FSOC’s 2019 Annual Report are focused on the purported risks of non-bank mortgage lenders, what is generally being overlooked is its other conclusion that non-bank lenders are