March 30, 2017 As reported by Victor Whitman on ScotsmanGuide.com, GSEs, Fannie Mae and Freddie Mac, are poised to make nearly $10 billion in dividend payments to the U.S. Treasury and the Community Home Lenders Association are urging FHFA to end the profit sweeps and create a capital buffer to protect … Continue reading
CHLA Releases Comprehensive GSE Reform Plan Plan Based on Continuing Reforms Already in Place; FHFA as Conservator Developing a Capital Restoration Plan; and Treasury and Congressional Approval of Such Plan Contact: Scott Olson … Continue reading
[March 29, 2017] CHLA GSE REFORM PLAN MAJOR CHLA OBJECTIVES FOR GSE REFORM • Preserve 30-year affordable mortgage with broad consumer access to mortgage credit. A federal guarantee of qualified mortgage backed securities (MBS) is needed to access sufficient investors to ensure affordable mortgages for all qualified borrowers, with … Continue reading
Will Trump administration have a different answer? March 23, 2017 by Ben Lane From the above-referenced Housing Wire article: “In a letter sent Thursday to Treasury Secretary Steven Mnuchin and Mel Watt, Director of the Federal Housing Finance Agency, a group that includes the Community Home Lenders Association, the Community Mortgage Lenders of America, … Continue reading
March 24, 2017 As reported by Victor Whitman on ScotsmanGuide.com, two small-lender trade groups, CMLA and CHLA, and others are urging FHFA to allow Fannie Mae and Freddie Mac to rebuild capital buffers in the event of quarterly losses. Click Here for full article.
March 23 2017, 5:20 pm As reported by Ian McKendry in National Mortgage News, small lenders and consumer groups sent a letter calling on the Treasury Department and the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to build up capital reserves. Click Here for full article.
March 15 2017, 1:22pm EDT As reported by Brian Collins in National Mortgage News, the Community Home Lenders Association and the National Association of Realtors are raising concerns about a Fannie Mae financing deal involving the securitization of single-family rental homes, arguing it is too far removed from the government-sponsored enterprise’s mandate. Click … Continue reading
Mar 15, 2017 13:00 ET As reported by Victor Whitman on ScotsmanGuide.com, the Community Home Lenders Association has concerns regarding Fannie Mae’s plans to refinance thousands of single-family homes by lending to the private equity firm, Blackstone Grou Click Here for full article.
CHLA Writes FHFA to Express Concerns about Fannie Mae $1 Billion Blackstone Invitation Homes Deal Questions Posed on Mission, Risk, and Impact on Consumers and Communities Contact: Scott Olson … Continue reading
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 March 15, 2017 Hon. Mel Watt Director Federal Housing Finance Agency 400 7th Street SW Washington DC 20024 Dear Director Watt: The Community Home Lenders Association (CHLA) writes to express our concerns about reports that Fannie Mae is providing $1 … Continue reading