“CHLA commends FHFA Director [Sandra] Thompson for her action to scrap the use of DTI in the pricing grid for Fannie Mae and Freddie Mac,”… Read More »Scotsman Guide – FHFA rescinds controversial DTI-based upfront fees
“The GSE pricing grid is a complex balancing of the objectives of access to mortgage credit for underserved borrowers and safety and soundness, and [the… Read More »national mortgage news – FHFA drops debt-to-income based pricing adjustment
Scott Olson, executive director of the Community Home Lenders of America, said, “Obviously extending the debt limit is very important, but so far at least,… Read More »inside mortgage finance – Debt Ceiling Standoff Troubles Mortgage Industry
“The inability to reduce loan originator compensation to offset HFA production costs under the current LO Comp rule harms consumers by discouraging lender participation in… Read More »housing wire – CHLA supports changes to CFPB loan originator compensation rule
CHLA Submits a comment letter to the CFPB on the LO Comp Rules – advocating for flexibility for State HFA bond deals and for situations… Read More »CHLA Comment letter to CFPB advocating LO Comp Flexibility