Op-Ed
Housing Wire CHLA Oped: Why federal CRA requirement on IMBs is not necessary
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.
National Mortgage News op-ed: Bill giambrone: suspend fannie/freddie pspa restrictions
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 which cap the volume of “higher risk’ GSE loans and investor loans – and hurt smaller lenders by capping cash window sales to $1.5 billion a year.
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 banks are exempt from basic qualifications requirements such as having to pass the SAFE Act text and an independent background check and completing 8 hours of annual continuing education. The article concludes by calling on the CFPB to close this
Housing Wire Op-Ed: Anthony Kellum – CHLA FHA Access to Credit Recommendations
In a Housing Wire Op-Ed, CHLA Member Anthony Kellum of Kellum Mortgage highlights CHLA Recommendations to the incoming Biden Administration to expand FHA’s role in access to mortgage credit – such as ending Life of Loans and jump starting the FHA condo spot loan market.
National Mortgage News Op-ed: MATT VAN FOSSEN AND TAYLOR STORK – REGULATION
In a National Mortgage News Op-ed, Matt Van Fossen and Taylor Stork make the case for smart state regulation of mortgage firms, in areas like Work at Home policies and prudential standards for servicers
Scotsman Guide December Magazine: critical role of imbs in access to mortgage credit
In Scotsman Guide’s December 2020 Magazine, CHLA members Bill Giambrone, Don Calcaterra, Jr., and David Wind chronicle the growth of IMBs since the 2008 housing crisis – and the vital role they play in mortgage credit
INSIDE mortgage finance: CHLA, other groups weigh in on gse financial requirements
An Inside Mortgage Finance article about FHFA’s Listening Session on proposed increases in GSE seller/servicer financial requirements highlights CHLA’s presentation by Taylor Stork (Developers Mortgage)
National Mortgage news: Margin call requirement in FHFA proposal draws concern
A National Mortgage News story quotes Taylor Stork of Developers Mortgage highlighting CHLA’s call to exempt all smaller seller/servicers from FHFA’s proposed 2% TBA hedging
HOUSING WIRE: FHFA gets blowback on proposed liquidity requirements
A Housing Wire article on the FHFA Listening Session on GSE seller/servicer financial requirement cites CHLA Exec. Dir. Scott Olson pointing out that the 2%