Mortgage Groups Seek Voice on CFPB Panel – Scotsman Guide 8/24/16

Aug 24, 2016  10:45 ET As reported on, ‘Two mortgage industry associations say nonbank and community mortgage lenders have little voice on the boards that advise the Consumer Financial Protection Bureau (CFPB).  In a letter Wednesday, the Community Mortgage Lenders of America (CMLA) and the Community Home Lenders Association (CHLA) said that mortgage bankers … Continue reading

Trouble Looms Ahead for Fannie After Strong 2nd Qtr – National Mortgage News 8/04/16

August 4, 2016  As reported by Bonnie Sinnock in National Mortgage News, in the wake of a strong 2nd quarter earnings report by Fannie Mae, some lender groups remain concerned about the GSEs’ earnings volatility, urging the Treasury Department to change the “Sweep Agreement”  that requires them to pay all their … Continue reading

Community Lenders should be exempt from CFPB exams and primary enforcement, too (7/29/16)

Just like most banks already are This Op-Ed appeared in HousingWire on July 29, 2016. by Scott Olson The Community Home Lenders Association believes that balanced regulatory policies for community mortgage lenders benefit not just those lenders, but also consumers. Independent non-bank lenders stepped up in recent years to fill the access to … Continue reading