Press releases

CHLA Commends FHFA Announcement of the Next Phase of Public Engagement Process for Updated Credit Score Requirements (Washington, DC) CHLA Executive Director Scott Olson released the following statement regarding FHFA’s announcement about the next phase of the public engagement for updated credit score requirements. “CHLA commends Director Thompson for announcing public listening sessions on the transition to updated credit score models and credit report requirements

Community Home Lenders of America Urges FHFA to Consider Slower Implementation of Credit Score Reporting Process (Washington, DC) – The Community Home Lenders of America (CHLA) has expressed in a letter to the Federal Housing Finance Agency (FHFA), its appreciation for their ongoing efforts in enhancing the credit score reporting process. CHLA is urging a slower implementation schedule, by starting with VantageScore, the new entrant in this space,

The Community Home Lenders of America submitted comments resisting the Financial Stability Oversight Council labeling non-bank financial companies as systemically important financial institutions (SIFI).

The Community Home Lenders of America (CHLA) commended FHA Commissioner Julia Gordon for today’s announcement that FHA is proposing a program to create a flexible partial claim loan modification option for defaulted borrowers – which avoids having to take the underlying loan out of a Ginnie Mae loan pool. CHLA was the first national association to ask FHA to develop such a program option, in a letter

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