Article highlights CHLA’s call to modernize TRID by adopting a bona fide financial emergency waiver disclosure for consumers; revising tolerance categories, and finalizing a risk-based supervisory framework for smaller IMBs.

Article highlights CHLA request to the CFPB to limit the federal loan originator compensation rule to payments between separate companies—not what a lender pays its own employees.

Article highlights CHLA letter to the Rural Housing Service (RHS) warning that restructuring plans at USDA could jeopardize RHS modernization efforts.

Article highlights CHLA Letter to FHA Acting Commissioner Joe Gormley making implementation of small-dollar mortgage pilot programs — as the housing bill directs — a top priority.

Article highlights CHLA letter to FHA presenting the group’s findings about implementation of Section 105 of the recently enacted “21st Century Road to Housing Act., which gives HUD authority to make payments to lenders and borrowers and to change terms for FHA small dollar loans [defined as loans less than $100,000].

Article highlights CHLA support for CFPBs review and cites CHLAs Rob Zimmer, who notes the trade group will recommend ways to give families updated and sometimes faster ways to access their mortgage money, while maintaining sufficient guardrails to protect these same families.