2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 October 17, 2016 Comment Letter – CFPB Proposed Rule – TRID Docket No. CFPB – 2016 – 0038 Mr. Richard Cordray Director, Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Dear Director Cordray: The Community Home Lenders … Continue reading
October 14, 2016 As reported by Victor Whitman for ScotsmanGuide.com, the Community Home Lenders Association is renewing calls for an insurance premium cut on Federal Housing Administration loans. Click Here for full article.
October 13, 2016 As reported by Brian Collins in National Mortgage News, community lender groups, such as CHLA, are expressing concerns about the potential reemergence of volume discounts in conjunction with GSE up-front risk sharing. Click Here for the full article.
October 13, 2016 As reported by Victor Whitman on Scotsmanguide.com, “CHLA is pleased that MBA’s letter stresses transparency and a level playing field, both principles CHLA highlighted in our comment letter last month,” CHLA Executive Director Scott Olson said. “By comparison, though, CHLA appears to have deeper concerns about how upfront … Continue reading
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 October 13, 2016 Mr. Edward Golding Principal Deputy Assistant Secretary Office of Housing Department of Housing and Urban Development 451 7th Street SW Washington, DC 20410 Dear Mr. Golding: The Community Home Lenders Association (CHLA) writes to renew our request, … Continue reading
Reaction from all sides to Court of Appeals decision October 11, 2016 by Ben Lane For the above-referenced Housing Wire article: “The Community Home Lenders Association is encouraged by today’s court ruling in PHH Corporation vs. the CFPB – both in terms of increasing accountability regarding the CFPB’s governing … Continue reading
Front-end risk sharing threatens small lenders Interview with Scott Olson, executive director of CHLA The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac now offload much of the default risk on the loans they purchase through the sales of securities. These are called back-end risk-sharing deals because they provide risk … Continue reading
October 4, 2016 As reported by Victor Whitman on Scotsmanguide.com, ‘Two small lender trade associations and frequent allies on issues related to housing finance reform have split on the idea of expanding the use of private mortgage insurers to cover the default risk of the nation’s most popular loan types. The Community … Continue reading
Scott Olson, Executive Director of the Community Home Lenders Association (CHLA), sent a note addressing up-front risk sharing discussing the message sent by the CHLA to the FHFA (which oversees Fannie & Freddie.) “This big concern is the longstanding Congressional concern about ‘vertical integration’ – that the large Wall Street … Continue reading