CHLA Releases Action Plan for Housing Finance Reform – 9/28/15

CHLA Releases Action Plan for Housing Finance Reform   Plan Reflects Small Lender Perspective, Concerns about Mortgage Market Concentration; Suggests Modifications to Pending Congressional proposals Contact:  Scott Olson                                                                                                      For Immediate Release (571) 527-2601                                                                                                       Monday, September 28, 2015 The Community Home Lenders Association (CHLA) today released an Action Plan that … Continue reading

Nonbanks Face Increasing Regulations As Share of Mortgage Lending Grows – Housing Wire 9/03/15

CHLA rebuts assertion nonbanks aren’t adequately regulated   September 3, 2015 by  Trey Garrison   From today’s Housing Wire:  “The Community Home Lenders Association shows in a side-by-side chart comparison the growing divergence in both consumer and financial regulations that non-bank lenders and banks face.  Non-banks increasingly face a heavy burden … Continue reading

CHLA Releases Regulatory Comparison of Non-Bank Mortgage Lenders and Banks

CHLA Releases Regulatory Comparison of Non-Bank Mortgage Lenders and Banks Rebuts Claims by Some that Non-Bank Lenders Are Not Adequately Regulated   Contact:  Scott Olson                                                                                  For Immediate Release (571) 527-2601                                                                          Wednesday, September 2, 2015 The Community Home Lenders Association (CHLA) today released a side-by-side chart (enclosed) comparing consumer and financial regulation of … Continue reading

Comparison of Consumer and Financial Regulation of Non-bank Mortgage Lenders vs. Banks

REGULATION OF NON-BANK MORTGAGE LENDERS AND BANKS – Single Family Mortgage Loans Prepared by the Community Home Lenders Association [9/2/15]    CONSUMER REGULATION                                                                   NON-BANKS                                                                              BANKS SAFE ACT:Loan Originator Qualifications Every individual Loan Originator at a non-bank must:* Be licensed* Complete SAFE Act  Mortgage  Competency Test * … Continue reading