Op-Eds
Scotsman Guide: Consumers Deserve a Mortgage Bill of Rights
Executive Director Scott Olson talks about CHLA’s Consumer Mortgage Bill of Rights, which identifies the different areas of the mortgage industry where consumer protections need to be strengthened.
National Mortgage News: Opinion: 6 Lessons Learned After the Merger of Small IMB Trade Groups
Our president, Taylor Stork, talks about the 6 lessons we’ve learned over the past year. The first lesson? The need for a national trade group that advocates for the interests of small to mid-sized IMBs.
Mortgage Note: Opinion: Time For A Consumer Mortgage Bill Of Rights
While the mortgage lending industry offers extensive consumer protections, CHLA recognizes that there are still a number of loopholes that create gaps in such protections. Thus, CHLA created the “Consumer Mortgage Bill of Rights” — a document addressing these gaps and providing solutions that will fill them.
Scotsman Guide: Homeownership Should Be a National Priority
In a new Scotsman Guide piece, CHLA Executive Director Scott Olson implored legislators to make access to affordable homeownership a top priority on their 2024 agendas. “Older Americans are flush with equity in their homes due to the price boom over the past 15 years. But younger Americans are increasingly locked out of homeownership and the resulting wealth it creates, consigning them to ever-increasing rent
Housingwire: Ginnie Mae Cash Window Would Help Lenders, Borrowers
In a new HousingWire op-ed piece, Scott Olson argues that while Ginnie Mae has proven to be extremely successful, it could become even more effective by opening a cash window for loans, similar to that of Fannie Mae and Freddie Mac. This would help smaller lenders become Ginnie Mae approved issuers while increasing loan execution choices for existing issuers.
National Mortgage News: Fannie Mae, Freddie Mac must drop repurchase policies
The practice of using repurchase demands as the default option for performing GSE loans with defects also hurts consumers by discouraging new GSE loans to underserved borrowers and to borrowers in rural areas.
Scotsman Guide: Consumers Deserve a Mortgage Bill of Rights
Executive Director Scott Olson talks about CHLA’s Consumer Mortgage Bill of Rights, which identifies the different areas of the mortgage industry where consumer protections need
Inside Mortgage Finance – Long lead Time Eases Ginnie Issuer Eligibility Concerns
Despite Ginnie Mae implementing revised financial eligibility requirements, CHLA feels confident that our members are prepared as Ginnie has provided sufficient time for issuers to
Scotsman Guide – FHFA to Gather More Feedback to Ease Switch to New GSE Credit Score Requirements
The FHFA has announced a series of public listening sessions to platform industry concerns over the tri-merge to bi-merge credit scoring models.