Op-Ed

Op-Ed

CHLA Op-Ed: It's Time for a New Regulatory Paradigm – November 2018

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

CHLA Op-Ed: How IMBs are leading the way (8/9/18)

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

Opinion by CHLA President Bill Giambrone – Blazing a Trail Through the GSE Jungle (July 2018)

Housing-finance reform doesn’t require hacking away the current system This article appeared on Scotsmanguide.com – July 2018 By Bill Giambrone, president and CEO, Platinum Home Mortgage | bio  In just two months, it will be the 10-year anniversary of the federal government putting Fannie Mae and Freddie Mac into conservatorship. This past April, Treasury Secretary Steven Mnuchin stated that the congressional action on reforming the two government-sponsored enterprises (GSEs) appears

Preserving homeownership incentives – a national priority in tax reform (11/22/17)

Here’s a better solution for tax reform This Op-Ed appeared in Housing Wire on November 22, 2017. by Scott Olson The Community Home Lenders Association is very supportive of the goals of the pending House and Senate tax bills of providing tax relief for individuals and corporations and simplifying and reforming the tax code. And if this means reforming existing homeownership tax provisions in order to help finance these tax cuts,

Op-Ed: Regulatory playing field for banks, non-banks is anything but level (10/11/17)

This Op-Ed appeared in BankThink on October 11 2017. By Scott Olson Policymakers in Washington often have the objective to level the regulatory playing field. But federal oversight of mortgage bankers has been anything but equitable. The Consumer Financial Protection Bureau was given authority to examine both bank and nonbank mortgage lenders, the idea being that nonbanks should not escape federal supervision because they were not FDIC-insured. But the fact

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