Inside Mortgage Finance: Community Lenders Fear Vendor Consolidation Could Increase Costs
Community lenders might be able to transition to a new provider, but doing so requires an investment in time that could be hard on them financially.
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Inside Mortgage Finance: Ginnie Eyes Permanent Credit Facility for Nonbanks
Scott Olson, executive director of the Community Home Lenders of America, called for a more flexible PTAP that small and mid-sized issuers could access in more normal circumstances, not just during a national economic crisis.
Housing Wire: CRA doesn’t work for banks or IMBs
CHLA Executive Director Scott Olson opposes the extension of the Community Reinvestment Act to independent mortgage banks.
Inside Mortgage Finance: FTC Raises Concerns Over ICE-Black Knight Merger-CHLA Responds
Responding to a request for comment, CHLA Executive Director Scott Olson this week said that since writing to the DOJ, CHLA has “heard from multiple small and mid-sized independent mortgage banks about the risks this merger could pose for consumers, both with respect to pricing and tying concerns that could be created by such an increase in market concentration.”
CHLA Renews Request to Ginnie Mae to Exempt Small and Mid-sized IMBs from Bank-like Capital Requirements
CHLA Letter Identifies Alternative Approaches to Address Liquidity and Going Concern Issues
National Mortgage News: Ginnie Mae’s New Capital Rules Draw Split Opinions
The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks”… Read More »National Mortgage News: Ginnie Mae’s New Capital Rules Draw Split Opinions