National Mortgage News: CHLA Supports Milken GSE Reform Plan for GSEs to Rebuild Capital and End Conservatorship
A National Mortgage News story highlights CHLA’s support for the Milken Institute’s GSE administrative reform plan to have Fannie and Freddie immediately rebuild capital – contrasting that with opposition from other groups like the MBA.
December 21, 2018 As reported by Victor Whitman in today’s Scotsmanguide.com, the House Financial Services Committee, in its final hearing of 2018, met to listen to industry representatives regarding the Bipartisan Housing Finance Reform Act. Lobbyists for larger housing and banking trade groups, as well as smaller independent mortgage banks (CHLA among them), were there to voice their views on particular provisions of this proposed
November 26, 2018 As reported by Hannah Lang in National Mortgage News, mortgage lenders and consumer groups are making their voices heard as FHFA develops a plan meant to help with the transition if Fannie and Freddie are released from government conservatorship. CHLA comments. Click Here for full article.
November 15, 2018 As reported by Victor Whitman on scotsmanguide.com, FHA Commissioner Brian Montgomery is looking to make significant changes that will likely make it harder for new borrowers to obtain loans from the Federal Housing Administration. CHLA comments. Click Here for full article.
More balanced oversight is required to ensure fair competition in the mortgage industry by Scott Olson, Executive Director, Community Home Lenders Association “…the time has come for a more even-handed approach to mortgage regulation — a new paradigm if you will — that puts the focus on borrowers; bases the extent of regulation on a lender’s size and borrower impact; and targets regulatory relief to
Non-bank lenders have become the largest source of mortgage lending in the country. – The Washington Post 9/21/18
September 21, 2018 As reported by Jonnelle Marte in The Washington Post, non-bank lenders have been increasing their market share due in part to traditional banks scaling back their presence in the mortgage market. “Banks aren’t really making loans to low- to moderate-income families, so non-banks are doing it,” said Scott Olson, executive director of the Community Home Lenders Association, a trade group representing small and midsize non-bank
CHLA Joins Other Groups in Letter to FHA to Eliminate Indemnification Penalties for New Loans with Forbearance
CHLA, along with consumer groups and other trade groups, sent a letter to HUD Secretary Ben Carson, asked FHA to eliminate its recently adopted 20%
Housing Wire: FHA enacts temporary policy shift on forbearances; CHLA pushes back on 20% first loss penalty
A Housing Wire article on FHA’s announcement that it would impose a 20% first loss indemnification penalty on validly underwritten loans that go into forbearance