“CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email. “CHLA wrote Fannie Mae, along with all of the federal mortgage program regulators, in December to ask for exactly this type of action to protect first time homebuyers in the wake of emerging realtor lawsuits which may shift

“It is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers against the emergence of exclusive deals between title companies and large lenders that results in even less competition,”

CHLA is concerned about the costs and competition for title insurance, and that is why we have supported Attorney Opinion Letters and the Fannie Mae title pilot program that FHFA has greenlighted,” Scott Olson, the executive director of the Community Home Lenders of America, wrote in an email. “However, it is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers

“CHLA continues to believe that the best long-term action would be the implementation of a comprehensive, partial claims program,” said Scott Olson, executive director at the Community Home Lenders of America in an emailed statement. “However, in the short run, it is critical that actions are taken to make sure distressed VA borrowers are protected.” 

“Discount points are not ‘junk fees.’ They are explicitly permitted under Dodd-Frank, and as [Chopra] himself states: ‘Higher interest rates on mortgages have led borrowers to pay upfront fees to lower their interest payments,’” Olson said.