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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)

CHLA Statement Regarding VA Circular Update on Realtor Commissions

(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

CHLA Commends FHA on Raising the Loan Assumption Fee

(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

CHLA Provides April 2024 Update to Rapidly-Rising Credit Scoring Costs

(Washington, D.C.) – The Community Home Lenders of America (CHLA) has provided an update to its January 2024 “White Paper” on the credit-scoring industry and its pricing.  At the time of the White Paper’s publication, recently announced price hikes by Fair Isaac (FICO) for 2024 had not yet worked their way into mortgage origination transactions. The April 2024 update finds that: Unsurprisingly given the above,

Amanda Tucker Appointed to CHLA’s Board of Directors

(Washington, D.C.) – The Community Home Lenders of America (CHLA) announced today that Amanda Tucker has been appointed to the Board of Directors. In this role, Tucker will support the organization’s mission in promoting federal mortgage programs and regulations which support community mortgage lenders. “Amanda is a strategic leader and a passionate advocate of housing policies that ensure the homeownership journey remains affordable for all stakeholders,”

CHLA Letter Asks FHA for Equal Treatment for Homebuyers Regardless of Whether Home Seller Pays the Buyer Broker Commission

Letter Responds to Realtor Settlement and Payment Shifting of Buyer Commissions (Washington, D.C.) – Today, the Community Home Lenders of America (CHLA) sent a letter to the Federal Housing Administration (FHA) asking the agency to provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission.  The letter is a response to the proposed settlement of