Press releases

The Community Home Lenders of America (CHLA) today sent a letter to the Consumer Financial Protection Bureau, asking the agency to adopt basic rules to protect homebuyers from situations where one individual may control both the brokerage and mortgage origination functions. Such control by one individual in a home purchase transaction could lead to conflicts that harm the financial interests of the consumer.

The Community Home Lenders of America (CHLA) today released a report at the Lenders One Summit 2023 that conclusively rebuts myths that Independent Mortgage Bankers (IMBs) are not adequately regulated or pose systemic or taxpayer risk. “As the only national association that exclusively represents IMBs, CHLA believes it is critical that policy makers in Washington have a clear understanding of Independent Mortgage Banks and their

Dear Director Chopra,  CHLA writes to seek assistance with compliance challenges arising from changes to the LLPA pricing grid for Fannie Mae and Freddie Mac loans – specifically, with respect to how Change of Circumstance (COC) rules under the Truth in Lending Act (TILA) [12 CFR 1026.19(e)(3)(iv)[(A)(2)] will apply to a Fannie or Freddie loan affected by the new 40% Debt-to-Income (DTI) threshold.  CHLA recently

The Community Home Lenders of America (CHLA) today sent a comment letter to the Consumer Financial Protection Bureau (CFPB), the second CHLA letter in a week arguing that a CFPB rule designed for non-banks in general is redundant for IMBs and unnecessarily imposes new compliance burdens when applied to smaller MBs. The CHLA letter expresses support for the rule’s objectives, noting that it fills a gap for

Today, the Community Home Lenders Association (CHLA) Executive Director Scott Olson released the following statement on the Federal Financial Analytics (FedFin) study which found the ICE/Black Knight merger could have negative, unintended consequences on small lenders.  “CHLA agrees with the FedFin study that found the ICE/Black Knight merger could create a monopoly which would harm small lenders. This study echoes the letter we sent to federal regulators calling for an