CHLA Lauds Administration’s Efforts to Make Small-Lender GSE Protections Permanent

The Community Home Lenders Association is pleased that FHFA Director Mark Calabria and Treasury Secretary Steve Mnuchin support efforts to ensure that smaller lenders enjoy the same guarantee-fee pricing as larger competitors from Fannie Mae and Freddie Mac.  In a letter to the two officials, CHLA encouraged FHFA and Treasury to codify small-lender protections in an amended PSPA and expand them to include “any proxies for pricing discrimination such as different buy-up/buy-down grids or disparate LLPAs, and that it should apply to private mortgage insurance (PMI), which is an integral part of pricing on a GSE loan.”

CHLA News Release – Small Lender Protections