“Policymakers are beginning to understand, but it’s a very arcane industry,” said Rob Zimmer, director of external affairs at the Community Home Lenders of America, which represents small and mid-size mortgage lenders. “This is just excessive in its scale and magnitude, that’s what we object to,” Zimmer said. “That’s what I’ve been asking in Washington: What is going to prevent them from raising prices again

The Community Home Lenders of America (CHLA) is calling on both houses of Congress to adopt a mortgage interest credit as the 2017 Tax Cuts and Jobs Act (TCJA) is currently set to expire in 2025. This is according to a letter the organization submitted to leaders in both the U.S. House of Representatives and the U.S. Senate. In the lead-up to its 2017 passage,

CHLA shares employment verification fees can be as much as $280 per loan, as lenders and mortgage professionals respond to the CFPB’s inquiry on “junk fees”.

Similarly, MBA’s peers at the Community Home Lenders of America said it “wholeheartedly supports” the initiative. “CHLA recently wrote a letter calling for this action. We look forward to working with the VA and other stakeholders on ways to help veterans participate in the homebuying process,” said its executive director, Scott Olson.

The Community Home Lenders of America (CHLA) echoed these sentiments in a statement from executive director Scott Olson. “CHLA wholeheartedly supports this update by VA which will allow veterans and active-duty service members to fund Realtor ‘buyer’s broker’ commission fees when purchasing a home with a Veterans Affairs (VA) mortgage loan,” Olson said. “CHLA recently wrote a letter calling for this action. We look forward to working with the

The Community Home Lenders of America (CHLA) said in a statement that while it “appreciates a staggered compliance period for smaller IMBs, CHLA renews our request in our comment letter to exempt smaller IMBs since they already report violations to the NMLS.”