Michael Delehanty pens an Op-Ed explaining the follow of the GSE Profit Sweep – which slowed down Fannie and Freddie’s emergence from conservatorship and raised fees during COVID-19
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.
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)
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
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%