CHLA In The News
June 21, 2018 As reported by Victor Whitman in Scotsman Guide, the White House yesterday released their plan to end the federal charters of GSEs and privatize Fannie Mac and Freddie Mae. Click Here for full article.
June 1, 2018 by Rob Chrisman (Excerpt) …“Because FHA borrowers are being overcharged and FHA’s financial metrics continue to be strong, CHLA is renewing its call to reduce annual premiums and end Life of Loan,” says Scott Olson. Click Here for full article.
April 16, 2018 Scotsman Guide The Consumer Financial Protection Bureau (CFPB) under the direction of Mick Mulvaney, is reviewing how the agency handles consumer complaints against financial-services companies. Members of the mortgage industry have opposed the releasing of these complaints to the public, stating without full verification, some companies may be misrepresented without cause. Click Here for full article.
April 23, 2018 As posted on Scotsmanguide.com by Victor Whitman (email@example.com) Two members of Congress on the House Financial Services Committee, have introduced legislation seeking better guidance from the CFPB in response to a call from some mortgage industry groups. Click here for full article.
Charter creep concerns resurface in Freddie's new risk-sharing pilot – National Mortgage News 3/14/18
March 14 2018 As reported by Brad Finkelstein in National Mortgage News, mortgage trade groups including CHLA, would like to see more transparency of a new pilot program, IMAGIN, between Freddie Mac and Arch Capital. Click Here for full article.
March 5, 2018 As posted on Scotsmanguide.com by Victor Whitman (firstname.lastname@example.org) Senate Bill 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, likely has enough bi-partisan support in the Senate to avoid a filibuster. It is being described as a “skinny” reform measure to address Dodd-Frank. Scott Olson, executive director of the Community Home Lenders Association, notes that the transitional licensing piece of the legislation
CHLA Joins Other Groups in Letter to FHA to Eliminate Indemnification Penalties for New Loans with Forbearance
CHLA, along with consumer groups and other trade groups, sent a letter to HUD Secretary Ben Carson, asked FHA to eliminate its recently adopted 20%
Housing Wire: FHA enacts temporary policy shift on forbearances; CHLA pushes back on 20% first loss penalty
A Housing Wire article on FHA’s announcement that it would impose a 20% first loss indemnification penalty on validly underwritten loans that go into forbearance