Scott Olson, executive director of the Community Home Lenders of America, noted that his organization “supports the modernization of NMLS and the standardization of requirements.” But there are “preliminary concerns that this initiative may add yet more regulatory compliance burdens, without a clear purpose.”

“While we appreciate the delay, we are disappointed that FHFA’s statement did not recognize the need to consider alternatives to using a debt-to-income pricing adjustment,” Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA), said in a statement. The Community Home Lenders Association (CHLA), which represents smaller lenders, also took a similar position — the FHFA should consider a full repeal of the DTI fee. The DTI

On Wednesday, the Community Home Lenders Association, which represents smaller lenders, said Thompson did the right thing in delaying implementation of the DTI rule, the industry’s biggest bugbear.   “This delay will give IMBs more time to adjust to the complications created by this DTI pricing differential, and we continue to call on FHFA to reconsider this fee hike,” Scott Olson, the group’s executive director, said in

A Scotsman Guide article on FHFA’s 3-month delay of higher LLLPAs for GSE loans over 40% DTI highlights CHLA’s praise for the delay and continued call for the elimination of DTI as an LLPA pricing factor.

“I have trouble understanding how this can happen, that you’re taking in a lot of the short-term deposits and making a lot of long-term investments,” said Community Home Lenders Association (CHLA) Executive Director Scott Olson during a webinar this week focused on assessing SVB’s failure and its consequences. CHLA serves small and mid-sized independent mortgage banks. “I’m sure it seemed like a good idea at the time,” Olson added,