Op-Ed
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
CHLA President Op-Ed – Small lenders need to be in room where debate happens (6/27/17)
Published in American Banker on June 27th, 2017. by CHLA president, Bill Giambrone As the Senate Banking Committee seeks to revive talks over reforming the government-sponsored enterprises, a central question is the extent to which it will take into account small, independent mortgage bankers. Will they creating an equal housing finance playing field, or instead create a system that favors “too big to fail” banks, thereby crushing smaller lenders? By all accounts,
Op-Ed – CHLA president, Bill Giambrone: Small lenders want GSEs preserved (8/1/17)
Published by Scotsman Guide on August 1, 2017 By William Giambrone Recently, I had the privilege of testifying before the U.S. Senate banking committee on behalf of the Community Home Lenders Association (CHLA) on reform of the government-sponsored enterprises, or GSEs. The hearing brought together associations representing different types of small lenders. CHLA is the only national association exclusively representing independent mortgage bankers (IMBs). I presented CHLA’s
[Counterpoint] Here's how small lenders can support GSE reform (7/5/17)
The debate behind recapitilizing the GSEs by Bill Giambrone, CHLA President This Op-Ed appeared in HousingWire on July 5, 2017. It is time to put to rest the straw man argument that groups in Washington that want to recapitalize the government sponsored enterprises or build a capital buffer want to “recap and release” the GSEs without reforms. Unfortunately this argument is the approach taken in, “Here’s
CHLA, CMLA & NAACP Op-Ed on Fannie Mae and Freddie Mac Troubles as capital dwindles (6/7/17)
As capital dwindles, trouble looms for Fannie Mae and Freddie Mac This Op-Ed appeared in The Hill on June 7, 2017. BY GLEN CORSO, SCOTT OLSON AND HILARY SHELTON, OPINION CONTRIBUTORS Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous to operate the two institutions that undergird half of the U.S. mortgage market and support
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
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
CHLA Writes FHFA, Treasury to ask for suspension of GSE Loan restrictions
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