Joint Letter to FHFA Director Watt – 5/31/16 – Suspend GSE Dividend Payments to Treasury

May 31, 2016   The Honorable Mel Watt, Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Dear Director Watt: Our organizations are deeply concerned that under the Preferred Stock Purchase Agreements with the Treasury Department, the capital buffers of Fannie Mae and Freddie Mac will be … Continue reading

Don’t Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks (6/08/16)

This letter by Scott Olson, executive director of CHLA, appeared in The Washington Post “Letters to the Editor” on June 7, 2016 in response to the June 3 editorial, “A financial zombie”. Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks The policy choice … Continue reading

CHLA Lauds Passage of Transitional Licensing Bill – 5/23/16

CHLA Lauds Passage of Transitional Licensing Bill – 5/23/16

CHLA Lauds Passage of  Transitional Licensing Bill Legislation Underscores Need for Separate  Action on a Universal SAFE Act Test Contact:  Scott Olson                                                                                   For Immediate Release (571) 527-2601                                                                                                   May 23, 2016 The Community Home Lenders Association (CHLA) praised the House of Representatives today for its approval today, by voice vote, of H.R. 2121, … Continue reading

Civil Rights, Consumer Groups Urge FHFA to Recapitalize Fannie and Freddie – National Mortgage News 6/01/16

June 1, 2016 As reported by Brian Collins in National Mortgage News, a number of civil rights, community development, and small lender groups wrote FHFA Director Watt urging action to recapitalize the GSEs by suspending dividends in order to create a GSE capital buffer.   Click Here for full article.