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… Read More »RISMedia – cfpb’s inquiry INTO MORTGAGE ‘JUNK FEES’ EARNS MIXED REACTION FROM LENDERS
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.… Read More »National Mortgage News – VA updates policy to allow broker commissions
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… Read More »HousingWire – VA issues temporary fix to allow buyer-paid broker fees
(Washington, D.C.) – The Community Home Lenders of America (CHLA) Executive Director Scott Olson statement regarding the Veterans Administration (VA) circular update on realtor commissions. “CHLA wholeheartedly supports this… Read More »CHLA Statement Regarding VA Circular Update on Realtor Commissions
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… Read More »HousingWire – CFPB creates public database of nonbank repeat offenders
Last week, the Financial Stability Oversight Council (FSOC) released its report on nonbank mortgage servicing.