GSE reform is happening: Are people paying attention? (HousingWire 3/8/16)

GSE reform is happening: Are people paying attention? (HousingWire 3/8/16)

GSE reform is happening: Are people paying attention? The disagreement on what comes next March 8, 2016 Scott Olson  Congress recently adopted so-called government-sponsored enterprise “Jump Start” legislation. Since the bill actually restricts actions to facilitate GSE reform, this is somewhat of a misnomer. But the goal is understandable. Congress … Continue reading

CHLA Lauds Passage of Transitional Licensing Bill

CHLA Lauds Passage of Transitional Licensing Bill

CHLA Lauds Passage of Transitional Licensing Bill Legislation Demonstrates Need for Separate Action on a Universal SAFE Act Test   Contact:  Scott Olson                                                                                                      For Immediate Release (571) 527-2601                                                                                                        March 2, 2016 The Community Home Lenders Association (CHLA) today praised the House Financial Services Committee for its bipartisan vote today … Continue reading

House bill would ease licensing requirements for some nonbank loan officers

House bill would ease licensing requirements for some nonbank loan officers

 March 3, 2016House bill would ease licensing requirements for some nonbank loan officers  A House committee has passed a mortgage industry-supported proposal that would create a temporary license to allow loan officers to jump from a federally insured bank employer to a nonbank and immediately begin to originate home loans. … Continue reading

D.C. Must Take Steps to Halt Community Lender Consolidation (American Banker 3/01/16)

D.C. Must Take Steps to Halt Community Lender Consolidation   By Scott Olson March 1, 2016 A recent article in American Banker and National Mortgage News estimated that 20-25% of independent nonbank mortgage lenders “could change hands or simply shut down in the next 12 to 18 months.” This should worry consumers wondering how they will obtain … Continue reading