Rob Chrisman 7/23/16 – CHLA Offers Strong Support for H.R. 5907, the Community Mortgage Lender Regulatory Act of 2016

Rob Chrisman 7/23/16 – CHLA Offers Strong Support for H.R. 5907, the Community Mortgage Lender Regulatory Act of 2016

From Maryland Steve Greene contributes, “I do business in the DC Metro area and years ago a prominent Realtor offered the following observation: ‘Lenders should root for a Democratic victory. When they win, a bunch of new Democrats move to DC, buy homes, and apply for mortgages. When Republicans win, they … Continue reading

Inside Mortgage Finance 7/25/16 – Small Banks and Nonbanks Rally Around Bill that Provides CFPB Relief

Inside Mortgage Finance 7/25/16 – Small Banks and Nonbanks Rally Around Bill that Provides CFPB Relief

Small Banks and Nonbanks Rally Around Bill that Provides CFPB Relief By Thomas Ressler tressler@imfpubs.com Smaller banks and nonbanks are rallying behind legislation recently introduced to relieve community mortgage lenders from some of the scrutiny placed on larger banks. Rep. Roger Williams, R-TX, authored H.R. 5907, the Community Mortgage Lenders … Continue reading

Scotsman Guide 7/11/16 – Senators: Regulator should layoff moves to free GSEs

Scotsman Guide 7/11/16 – Senators: Regulator should layoff moves to free GSEs

Senators: Regulator should layoff moves to free GSEs July 11, 2016 A bipartisan group of U.S. Senators is urging the regulator of Fannie Mae and Freddie Mac to continue the wind down of the government-sponsored enterprises (GSEs) and avoid steps that might ease their release from the government’s control pending … Continue reading

Small Lenders Fear Fannie, Freddie Credit Risk Transfer Plan – National Mortgage News 7/05/16

July 5, 2016 As reported by Brian Collins in National Mortgage News, as FHFA experiments with risk sharing by the GSEs, some trade groups, including the CHLA, are warning about the risk that upfront risk sharing poses for the ability of small and mid-sized nonbank lenders to competitively securitize and originate GSE loans. … Continue reading