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

   March 3, 2016House bill would ease licensing requirements for some nonbank loan officersA 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.Under … 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