CHLA sends a letter to Congressional appropriations leaders asking for (1) higher pay scales for FHA staff, commensurate with other financial regulators and (2) re-authorization of lapsed authorization from the 2008 HERA legislation which allows FHA to use FHA profits to fund needed IT technology updates. Both changes are critical to keeping FHA modern and responsive to borrower and lenders needs.
CHLA Calls on RHS to Eliminate “Anachronistic” Interest Rate Cap Contact: Scott Olson For Immediate Release 571-527-2601
IMBs Should Be Fully Eligible for Small Business Passthrough Tax Deduction Disallowing Deduction for IMBs based on Technicality is “Absurd” and “inconsistent with statutory language and Congressional intent” Contact: Scott Olson For Immediate Release 571-527-2601
CHLA Letter lays out arguments in Detailed Comment Letter on Proposed Rule Contact: Scott Olson For Immediate Release 571-527-2601
…But Renews concerns about Additional Guarantors & Small Lender Protections Response to Release of “Delivering Government Solutions in the 21st Century” Contact: Scott Olson For Immediate Release 571-527-2601
GSE Main Street Coalition Letter Asks FHFA Director Watt to Use HERA authority to: (1) Suspend the quarterly Profit Sweep, and (2) Direct Fannie and Freddie to develop capital restoration plans Contact: Scott Olson For Immediate Release 571-527-2601
Membership in CHLA gives members the opportunity to stay informed of developments in Washington that affect their business, to collaborate with like-minded firms, and to participate in efforts to influence Washington decision makers to adopt policies that affirm CHLA objectives.
CHLA Renews Request to Ginnie Mae to Exempt Small and Mid-sized IMBs from Bank-like Capital Requirements
CHLA Letter Identifies Alternative Approaches to Address Liquidity and Going Concern Issues
The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks”