CHLA sent a joint letter to Treasury Secretary Mnuchin, HUD Secretary Carson, and FHFA Director Calabria, urging decisive action to ensure liquidity of IMB servicers… Read More »National Mortgage News: CHLA Seeks Suspension of Tighter GSE Requirements Due to Coronavirus, Small Business Concerns
CHLA today wrote the FHFA asking for a suspension of implementation of pending increased net worth and liquidity requirements for GSE servicers, arguing that it… Read More »CHLA Writes FHFA to Seek Suspension of Increased Net Worth and Liquidity Requirements Due to Coronavirus; Also Seeks Small IMB exemption due to their lower financial & systemic risk.
Santo Chiarelli (Partner at ACS, Iselin, NJ) provides his perspective from the firm’s work providing accounting and auditing services on the outlook for IMBs as… Read More »Scotsman Guide March Magazine: 2020 Outlook for Independent Mortgage Bankers
CHLA Board Member Bill Giambrone (President and CEO of Platinum Home Mortgage) highlights the joint proposal by CHLA, the National Association of Realtors, consumer groups,… Read More »National Mortgage News Op-ED: “Don’t Eliminate Ability to Repay – Reform It
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… Read More »Inside Mortgage Finance: CHLA Raises Concerns about Higher GSE Seller-Servicer Requirements
CHLA joined with a broad coalition including the National Association of Realtors, consumer groups, USMI, and other small lender groups in offering a proposal to… Read More »CHLA Joins Broad Coalition in CFPB Letter Outlining Proposal to Preserve QM Ability to Repay, With Appropriate Flexibility
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… Read More »Chrisman Newsletter: Highlights CHLA’s Key Role in Transitional Licensing Law and Advocacy for SAFE Act Parity
The Community Home Lenders Association (CHLA), joined by three other financial services trade groups, is urging the Federal Housing Finance Agency (FHFA) to move swiftly… Read More »CHLA, allied Lender groups urge speedy fhfa action on gse capital rule
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… Read More »Inside Mortgage Finance: CHLA Warns Regulators of IMBs – Don’t Over-react to FSOC Report on IMB Risk
CHLA Member Anthony Kellum (President of Kellum Mortgage) highlights FHA’s strong financial performance and significantly increased Net Worth as reported in its latest annual Actuarial… Read More »National Mortgage News Op-Ed: FHA’s Strong Actuarial Report Strengthens CHLA Call to End Life of Loan Premiums
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