“I can’t handicap how likely it is that they would do this, or how seriously they are looking at it right now,” said Scott Olson, executive director of the Community Home Lenders Association, which lobbies on behalf of nonbank lenders. “The last time there was no real public indication … Continue reading
On the topic of risk sharing Scott Olson wrote, “On behalf of CHLA I wanted to respond to your column about GSE up-front risk sharing, since CHLA has a different take than the MBA does on this. CHLA is very concerned about the use of up-front risk sharing and its potential negative … Continue reading
IMFnews Wednesday, Jan 20, 2016 Mortgage Trade Group Urges CFPB to Require Universal Loan Officer Test By Thomas Ressler email@example.com The Community Home Lenders Association Wednesday morning renewed its call to have the Consumer Financial Protection Bureau end the exemption bank loan-originators enjoy from passing a mortgage competency test. Implemented … Continue reading
January 19, 2016 As reported by Brian Collins in National Mortgage News, different mortgage trade groups were at loggerheads over the need for more FHA premium cuts, with CHLA supporting such a move and the MBA on the other side of the issue. Click Here for full article.
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 January 20, 2016 Bank Mortgage Loan Originator Testing Exemption Mr. Richard Cordray, Director Consumer Financial Protection Bureau, Washington, DC 20552 Dear Director Cordray: On the three-year anniversary of the adoption of the CFPB LO comp rule, the Community … Continue reading