In an op-ed in Housing Wire, Craig Thomas, CHLA’s Policy Director, explains that CRA has not worked well in Massachusetts – and offers a number of ways that other states that have adopted CRA for IMBs can implement it in a streamlined way that avoids over-regulation of smaller IMBs to no public purpose.
In a National Mortgage News Op-Ed, CHLA Executive Director Scott Olson lays out the case for ending FHA’s Life of Loan Policy and cutting annual premiums – in response to FHA’s release of its annual report showing a capital ratio of 8%, more than 4 times the statutory requirement
CHLA’s Policy Director Craig Thomas outlines the positive trends this year for smaller lenders in GSE policies – including permanent G Fee parity, recent changes to expand access to GSE mortgage credit, and recommendations for further steps FHFA and the GSEs should take
CHLA’s Executive Director Scott Olson argues that with influential mortgage players in Washington using high priced lobbyists, small and mid-sized IMBs need to band together to win critical battles on issues like SAFE Act parity, cutting FHA premiums, and defending IMBs against efforts to paint IMBs as too risky
An Inside Sources CHLA Op-Ed highlighted CHLA aggressive advocacy campaign since early this year for FHFA to suspend the January PSPA restrictions on investor and higher risk loans
In a Housing Wire Op-Ed, CHLA lays out a strong case against Federal Reserve Chairman Jerome Powell’s call to extend CRA to non-banks, including IMBs – citing IMBs much stronger track record serving minorities and underserved than banks and explaining why CRA for IMBs makes no sense.
CHLA Renews Request to Ginnie Mae to Exempt Small and Mid-sized IMBs from Bank-like Capital Requirements
CHLA Letter Identifies Alternative Approaches to Address Liquidity and Going Concern Issues
The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks”