Op-Ed

Op-Ed

No, the Future of Fannie and Freddie Is Not a 'Sideshow' (12/28/16)

No, the Future of Fannie and Freddie Is Not a ‘Sideshow’ By Glen Corso, Scott Olson This Op-Ed appeared in National Mortgage News on December 28, 2016. We write jointly as representatives of community mortgage lenders to take issue with the recent opinion piece entitled “GSE ‘Recap’ Experiment is Just a Sideshow.” The underlying premise of this piece — that there is no difference between a

Why Housing Should Rank High on Trump's Domestic Agenda (11/10/16)

Why Housing Should Rank High on Trump’s Domestic Agenda By Scott Olson This Op-Ed appeared in National Mortgage News on November 10, 2016. Eight years ago, as Barack Obama woke up the day after he was elected president of the United States, he faced housing and economic challenges of a magnitude not seen since the Great Depression. These included a raging foreclosure crisis and deepening

Scotsman Guide Interview with CHLA Executive Director – Front-end risk sharing threatens small lenders (10/6/16)

This interview with Scott Olson appeared on scotsmanguide.com on October 6, 2016. The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac now offload much of the default risk on the loans they purchase through the sales of securities. These are called back-end risk-sharing deals because they provide risk coverage after the GSEs have purchased loans. Recently, the GSEs’ regulator, the Federal Housing Finance Agency (FHFA),

Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing (9/26/16)

This Op-Ed appeared in National Mortgage News on September 26, 2016. By Scott Olson The recent revelations about Wells Fargo opening unauthorized bank accounts have great potential to undermine consumer confidence once again in our financial sector. Requiring mortgage loan officers in depository institutions to pass the Secure and Fair Enforcement for Mortgage Licensing Act exam is a small but essential step to help restore the

Community Lenders should be exempt from CFPB exams and primary enforcement, too (7/29/16)

Just like most banks already are This Op-Ed appeared in HousingWire on July 29, 2016. by Scott Olson The Community Home Lenders Association believes that balanced regulatory policies for community mortgage lenders benefit not just those lenders, but also consumers. Independent non-bank lenders stepped up in recent years to fill the access to credit vacuum created by the exodus of many big banks from mortgage lending. And, community

Don't Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks (6/08/16)

This letter by Scott Olson, executive director of CHLA, appeared in The Washington Post “Letters to the Editor” on June 7, 2016 in response to the June 3 editorial, “A financial zombie”. Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks The policy choice we face is simple: Either turn over the securitization and mortgage markets for government-guaranteed mortgage

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