Calls on Congress to End Regulation of Employee Loan Originator Compensation To Limit the Law’s Requirements to Compensation Between Entities The Community Home Lenders of America (CHLA) today released its White Paper on Reform of LO Comp. The report chronicles the legislative history of LO Comp, identifies areas where it harms consumers – and calls on Congress to dial back the LO Comp statutory remedy to the
Washington, D.C. – May 27, 2025 – The Community Home Lenders of America (CHLA) sent a letter to FHFA Director Pulte commending him for his recent remarks regarding the recent Fair Isaac price hikes, and asked FHFA to take additional steps to reform this market and save Americans more of their hard-earned dollars. “CHLA commends FHFA Director Pulte for calling out excessive FICO credit score price
Washington, D.C. – April 22, 2025 – As Congress begins deliberations on a reconciliation bill under the Budget Resolution (H. Con. Res. 14), Community Home Lenders of America (CHLA) is urging lawmakers to protect the cost of homeownership and reject any proposals that raise mortgage fees to fund unrelated federal spending. “As a general principle, CHLA believes that mortgage fees on federal mortgage loan programs
Washington, D.C. – April 16, 2025 – The Community Home Lenders of America (CHLA) congratulates Joe Gormley on his appointment as Executive Vice President and Chief Operating Officer at Ginnie Mae, an essential component of the nation’s housing finance system. Mr. Gormley brings a wealth of experience in housing policy, regulatory leadership, and public service to his new role. His background as a trusted housing
Washington, D.C – April 14, 2025 – In the wake of the Veterans Affairs Servicing Purchase (VASP) program’s conclusion, the Community Home Lenders of America (CHLA) has formally called on the Department of Veterans Affairs (VA) to take swift and transparent action to support our nation’s veterans during this critical transition. In a letter sent to the VA, CHLA emphasized the importance of a fair
WASHINGTON, D.C. — The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders, 89 Fed. Reg. 56028 (July 8, 2024) (codified at 12 CFR part 1092), it will not prioritize enforcement or supervision actions with regard to entities that do not satisfy future deadlines under the regulation to submit
Community Home Lenders of America (CHLA) sent a letter to Congress urging lawmakers to protect the cost of homeownership and reject any proposals that raise