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