Matt Van Fossen explains why Fannie and Freddie’s New Adverse Market Fee on Refis will hurt homeowners and is not justified because of the GSEs’ strong financial performance in recent years
Scott Olson highlights key CHLA priorities for small IMBs – G Fee Parity, a true Utility Model, no new GSEs – as the pace of GSE reform picks up
In an oped in Scotsman Guide’s April Magazine, Wayne Watkinson of Offit Kurman warns about SAFE Act creep, where states expand the critieria beyond the SAFE Act Model Code for whether non-bank mortgage loan originators must be licensed – and argues for more SAFE Act parity, such as requiring all LOs to pass the SAFE Act test.
A National Mortgage News Op-Ed authored by Scott Olson, CHLA Executive Director, makes the case for a broad-based credit facility for all IMB servicers to meet huge rise in advances caused by a new forbearance requirement and by rising defaults because of coronavirus. The oped explains this is not a bailout, is not particularly risky, and is critical for mortgage borrowers.
Santo Chiarelli (Partner at ACS, Iselin, NJ) provides his perspective from the firm’s work providing accounting and auditing services on the outlook for IMBs as they navigate the year 2020, highlighting the impact of the 2017 tax bill, economic outlook, and compliance issues.
CHLA Board Member Bill Giambrone (President and CEO of Platinum Home Mortgage) highlights the joint proposal by CHLA, the National Association of Realtors, consumer groups, PMIs, and other small lender groups to provide more flexibility for QM through a higher DTI with compensating factors and updating Appendix Q – explaining why it is a better approach than the large bank approach of eliminating DTI.
In a National Mortgage News Op-ed, Bill Giambrone highlights CHLA’s recent letter to Treasury and FHFA asking for a suspension of the January PSPA amendments
Scotsman Guide April Magazine: Taylor stork and Matt van fossen – the paradigm and paradox of mortgage licensing
In an article in the April Scotsman Guide Magazine, Taylor Stork and Matt Van Fossen highlight the paradox that mortgage loan originators that work at
In a letter to FHFA and Treasury, CHLA asks for a suspension of restrictions in the January PSPA amendments of so-called riskier loans and investment