Scotsman Guide 3/30/17 – GSE dividend jump starts debate on reforms

GSE dividend jumpstarts debate on reforms The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will make a total of nearly $10 billion in dividend payments to the U.S. Treasury on schedule this week even as their federal regulator has been under pressure to let the housing-finance giants keep the … Continue reading

CHLA Implementation Plan for GSE Reform – 3/29/17

[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

Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury – Housing Wire 3/23/17

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

Fannie Rental Securitization Deal Draws Fire from Industry Groups – National Mortgage News 3/15/17

  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

Scotsman Guide 3/15/17 – Trade Group Questions Fannie’s Blackstone Deal

Mar 15, 2017   13:00 ET Trade group questions Fannie’s Blackstone deal A non-bank trade association has expressed concerns to a federal regulator about Fannie Mae’s plans to lend the giant private equity firm Blackstone Group $1 billion to refinance thousands of single-family homes. The Community Home Lenders Association (CHLA) is questioning whether it is … Continue reading

Letter to FHFA Director Watt 3/15/17 – Expresses Concerns re:Fannie Mae $1 Billion Blackstone Invitation Homes Deal

Letter to FHFA Director Watt 3/15/17 – Expresses Concerns re:Fannie Mae $1 Billion Blackstone Invitation Homes Deal

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