Press releases

Contact: Scott Olson 571-527-2601 For Immediate Release January 25, 2023 The Community Home Lenders of America (CHLA) today sent a letter to Ginnie Mae President Alanna McCargo, making detailed recommendations for a “more robust, flexible, and permanent”  PTAP program. The CHLA recommendations would help independent mortgage banks (IMBs) carry out their role as bankers in making advances on Ginnie Mae mortgage backed securities when borrowers default on FHA, VA,

Contact: Scott Olson 571-527-2601 For Immediate Release January 22, 2023 Scott Olson, Executive Director of the Community Home Lenders of America (CHLA) today released the following statement in response to Friday’s Federal Housing Finance Agency (FHFA) release of a pricing grid for Fannie Mae and Freddie Mac loans: “CHLA reiterates its longstanding call for a cut in FHA premiums, in the wake of FHFA’s announcement of

Scott Olson, Executive Director of The Community Home Lenders of America (CHLA), today released the following statement in response to the announcement from FHFA Director Sandra L. Thompson on the reduction in the upfront fee for commingled enterprise securities: “CHLA commends Director Thompson for streamlining the UMBS process by reducing fees withheld by the other GSE.” CHLA had previously waived-in such an action.  To view the

Scott Olson, Executive Director of The Community Home Lenders of America (CHLA) today released the following statement in response to the announcement by Wells Fargo that it was pulling out of the correspondent mortgage business: “CHLA is deeply disappointed that Wells Fargo is pulling out of the correspondent loan business – pulling out of buying even government agency loans with little or no risk. This

Today, the Community Home Lenders Association (CHLA) commended Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, for sending a letter to Chair of the Federal Trade Commission, Lina Khan, urging robust review of the proposed acquisition of Black Knight, by the Intercontinental Exchange (ICE). “CHLA applauds Chair Waters for requesting the FTC to review the ICE/Black Knight merger and realizing the negative,

For Immediate Release Media Contact: Scott Olson 571-527-2601 In a letter to Vice Chair of Supervision Michael Barr and Board of Governors Member Michelle Bowman at the Federal Reserve, the Community Home Lenders of America (CHLA) asks that the Federal Reserve not expand regulatory authority to include small and mid-sized (non-bank) independent mortgage banks (IMBs). CHLA included several reasons for this ask in their letter: