(Washington, D.C.) The Community Home Lenders of America (CHLA) today made the following statement in response to Freddie Mac’s announcement that it is making it easier for lenders and condominium associations to know whether they are eligible for Freddie Mac loans – and to help non-eligible condo associations take the necessary steps to become eligible. “CHLA commends Freddie Mac for its announcement regarding its Condo Project
CHLA Expresses Support for the Use of Attorney Opinion Letters (Washington, D.C.) – The Community Home Lenders of America (CHLA) supports the use of Attorney Opinion Letters (AOLs) as an alternative to title insurance, and strongly encourages FHFA to make its potential use an option for consumers. Allowing the use of AOLs holds great promise for reducing mortgage loan title costs and can provide relief
CHLA Renews its Longstanding Call for Bank Loan Originators to Be Licensed (Washington D.C.) – The Community Home Lenders of America (CHLA) renewed its request to the Consumer Financial Protection Bureau (CFPB) to require that all loan originators must be licensed, pursuant to Dodd-Frank statutory requirements that all mortgage loan originators must be “qualified.” “The Community Home Lenders of America renews its longstanding call
(Washington, D.C.) – Community Home Lenders of America (CHLA) commends Freddie Mac and FHFA Director Sandra Thompson for their leadership in bringing balance to repurchases and indemnifications. Subjecting lenders to a fee-based structure based on non-acceptable quality (NAQ) rates rather than repurchases on performing loans combined with borrowers’ retainment of their loss mitigation rights ensures that current and future borrowers are the real winners. In
November 15, 2023 (Washington, D.C.) – Scott Olson, Executive Director of Community Home Lenders of America (CHLA), released the following statement in response to this morning’s release of the FHA MMIF Report: “CHLA is thrilled by FHA’s continued financial strength, as evidenced by today’s FHA Actuarial Report. In light of FHA’s financial strength, just as relief from excessive student debt burdens has been a priority,
November 9, 2023 (Washington D.C.) – The Community Home Lenders of America (CHLA) has again written to the White House and Treasury on the need to reduce the record-high spread between mortgage money and the risk-free 10-year Treasury coupon. This lack of action harms the VA mortgage which is an earned benefit to our servicemembers that provides them a chance to buy a home with no money
National Mortgage Professional – CHLA Advocates Attorney Opinion Letters As Alternatives To Title Insurance
CHLA asks for FHFA to explore the use of Attorney Opinion Letters as an alternative to traditional title insurance.
National Mortgage Professional – Freddie Mac Enhances Condo Loan Originations With ‘Project Certified’ DesignatioN
Freddie Mac announced a number of enhancements to their Condo Project Advisor tool that aims to simplify condo loan originations and bolster lender security.
Freddie Mac announced enhancements to its Condo Project Advisor tool which aims to save lenders and borrowers money. The new designation will be available to