A coalition of eight trade groups — including the Housing Policy Council (HPC), the Mortgage Bankers Association (MBA) and the Community Home Lenders of America (CHLA) — have requested additional time from the Consumer Financial Protection Bureau (CFPB) to comment on proposed changes to Regulation X, which implements the Real Estate Settlement and Procedures Act (RESPA).

Trigger lead solicitations are “junk calls” and the Consumer Financial Protection Bureau needs to focus its enforcement efforts in this area, a letter from the Community Home Lenders of America declared.

The Community Home Lenders of America (CHLA) on Monday submitted a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, urging the agency to more forcefully go after trigger lead solicitations. To cement the point, CHLA is calling such solicitations “junk calls,” echoing the language of the campaign the Bureau has waged against “junk fees.”

Towne Mortgage Company CEO Mark Janssen and a longtime member of the Community Home Lenders of America spoke to Scotsman Guide about the rise in nonbank servicers. He also spoke about why he doesn’t think these institutions pose a systemic risk.

“Policymakers are beginning to understand, but it’s a very arcane industry,” said Rob Zimmer, director of external affairs at the Community Home Lenders of America, which represents small and mid-size mortgage lenders. “This is just excessive in its scale and magnitude, that’s what we object to,” Zimmer said. “That’s what I’ve been asking in Washington: What is going to prevent them from raising prices again