CHLA: Budget Numbers Show FHA is Continuing to Overcharge Borrowers $30 million Technology Fee should instead come out of $7.1 billion in Net FHA Profits; FHA premiums Should be Reduced and Life of Loan Premiums Ended Contact: Scott Olson … Continue reading
May 23 2017, 4:14 pm EDT As reported by Brian Collins in National Mortgage News, CHLA and other mortgage lenders are objecting to the Trump administration’s proposed $30 million fee designed to partially fund upgrades to the Federal Housing Administration. Click Here for full article.
May 17 2017, 5:53pm EDT As reported by Brian Collins in National Mortgage News, a coalition of affordable housing advocates, home builders and small mortgage lender groups, including CHLA, are urging FHFA and Treasury to work together to enable Fannie Mae and Freddie Mac to rebuild a capital buffer, to avoid a potential crisis … Continue reading
Watt: FHFA could withhold GSE dividends May 11, 2017 In testimony Thursday, Federal Housing Finance Agency (FHFA) Mel Watt strongly hinted that the regulator would begin withholding Fannie Mae and Freddie Mac’s dividend payments to taxpayers to lessen the chance that the government-sponsored enterprises will need to take future draws … Continue reading
CHLA Lauds FHFA Director Watt’s testimony on GSE Capital Buffer, Reforms Undertaken to Date Contact: Scott Olson … Continue reading
“One additional provision is needed” May 10, 2017 by Scott Olson The Financial CHOICE Act (FCA) that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage bankers (IMBs). IMBs are nonbank mortgage lenders – the very lenders that stepped up to expand mortgage access to credit for consumers since … Continue reading