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
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
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
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
In a letter to FHFA and Treasury, CHLA asks for a suspension of restrictions in the January PSPA amendments of so-called riskier loans and investment