Scotsman Guide June Magazine: Temper Ideals with Reality in Housing Reform – Preserve Key Federal Mortgage Programs
CHLA Board Member Michael Delehanty (Chief Financial Officer of Mountain West Financial) argues for the need for a sound understanding of the critical role that FHA, Fannie Mae, and Freddie Mac play in our nation’s housing policy – cautioning that indiscriminate efforts to reduce their footprint to encourage “private capital” could fail at that objective, reducing mortgage loan availability in the process.
National Mortgage News Op-Ed: Federal Mortgage Programs Vital to Lenders and Borrowers Should be Preserved
CHLA Board Member Deb Sturges (President and CEO of Hallmark Home Mortgage) comments on the Administration’s housing finance plan, calling attention to a recent CHLA roundtable on FHA, Ginnie Mae, and the GSEs that highlighted the critial role they play in promoting homeownership – and outlining CHLA proposals to keep these program strong and financially sound.
CHLA President Don Calcaterra, Jr. (President of Local Lending Group) highlights his testimony before a December House Financial Services Committee GSE Reform hearing outlining CHLA priorities to protect small lenders – including opposing allowing Wall Street Banks to gain a foothold in the primary market through new GSE charters and the importance of a cash window, G Fee parity, and equitable small lender access.
National Mortgage News Op-Ed: Ginnie Mae Supervision of Smaller Issuers Should Reflect Their Limited Financial Risk
CHLA Executive Director Scott Olson highlights CHLA’s recent “Report on Ginnie Mae,” which makes a strong case that Ginnie Mae should not be tightening its supervision of smaller IMB issuers, since they pose no significant financial or systemic risk to Ginnie Mae, and in light of Ginnie Mae’s consistent track record of strong profitability.
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
This Op-Ed appeared in HousingWire on August 9, 2018. by Scott Olson Independent mortgage bankers have increasingly been in the news of late. Ten years after the 2008 housing crisis, the strong trends of IMB growth in mortgage lending continue as banks show little sign of reversing their retreat from our mortgage markets. Community-based IMBs have thrived because they are small businesses, whose owners and employees live and
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,
The Federal Housing Finance Agency’s new proposal on higher capital standards for Fannie Mae/Freddie Mac servicers is still pretty fresh but already the industry is reacting. The Community Home Lenders
CHLA Joins Broad Coalition in CFPB Letter Outlining Proposal to Preserve QM Ability to Repay, With Appropriate Flexibility
CHLA joined with a broad coalition including the National Association of Realtors, consumer groups, USMI, and other small lender groups in offering a proposal to