Press releases

(Washington, D.C.) – The Community Home Lenders of America (CHLA) applauds the inclusion of the Homebuyers Privacy Protection Act of 2024 – which would improve the homebuying process by mitigating the abusive, anti-consumer, and potentially illegal practice of trigger leads – in the FY 2025 National Defense Authorization Act (NDAA).   “The passing of S.A. 2358 would protect veterans, active-duty service members, and other consumers

(Washington, D.C.) – The Community Home Lenders of America (CHLA) applauds the Federal Reserve for cutting interest rates by 50 basis points.   “Today’s interest rate cuts are critical in creating a more affordable housing environment, particularly for first-time and low-to moderate-income homebuyers,” said Scott Olson, executive director of CHLA.” Last October, CHLA and other trade groups sent a letter to the Department of Treasury

(Washington, D.C.) – The Community Home Lenders of America (CHLA) released the following statement in response to the passing yesterday of Bill Giambrone, former CEO of Platinum Home Mortgage and one of the founders and the first President of the Community Home Lenders of America. Scott Olson, Executive Director of CHLA, issued the following statement: “On behalf of everyone at CHLA, we are in mourning today

CHLA Calls on Congress to Adopt Mortgage Interest Credit Letter Coincides with Homeownership Month (Washington, D.C.) – Today, the Community Home Lenders of America (CHLA) sent a letter to Congress, calling on them to begin debate, and in 2025 enact, a Mortgage Interest Credit (MIC) as it considers expiring 2017 tax provisions.  Highlights of the letter include: CHLA aggressively advocated for a Mortgage Interest Credit (MIC)

(Washington, D.C.) – The Community Home Lenders of America (CHLA) Executive Director Scott Olson statement regarding the Veterans Administration (VA) circular update on realtor commissions. “CHLA wholeheartedly supports this update by VA which will allow veterans and active-duty service members to fund Realtor ‘buyer’s broker’ commission fees when purchasing a home with a Veterans Affairs (VA) mortgage loan. CHLA recently wrote a letter calling for this action. We look

(Washington, D.C.) – The Community Home Lenders of America (CHLA) released the following statement regarding FHA raising their maximum loan assumption fee: “CHLA commends FHA Commissioner Gordon for increasing the maximum fee lenders can charge for an FHA loan assumption from $900 to $1,800,” said Scott Olson, executive director. “Long a CHLA priority, this change is crucial to allowing lenders to recoup their costs of