Small lenders testify before Senate Banking Committee – Housing Wire 7/20/17

Small lenders to Congress: Here’s the GSE reform we don’t want to see July 20, 2017 by  Kelsey Ramírez    From a Housing Wire article:   “Another witness, William Giambrone, Platinum Home Mortgage president and CEO and Community Home Lenders Association president, also warned against some types of housing finance reform, saying the secondary … Continue reading

Small lenders grab spotlight on reform debate – Scotsman Guide 7/20/17

July 20, 2017 As reported by Victor Whitman, Chief Reporter in Scotsman Guide.com, a group of small lenders, including CHLA President Bill Giambrone,  testified before the Senate Banking Committee in support of Fannie Mae and Freddie Mac which have enabled these lenders to remain competitive with big banks. Click Here for … Continue reading

Small lenders fear GSE reform would resurrect bulk discounts for big banks – National Mortgage News 7/20/17

  July 20 2017, 5:44 pm EDT As reported by Ian McKendry in National Mortgage News, small lenders such as the CHLA testifying at a Senate Banking Committee hearing warned that the approval of new competitors to Fannie Mae and Freddie Mac could result in the re-emergence of volume discounts and other practices … Continue reading

Lack of FHA chief fuels uncertainty about premium cut – National Mortgage News 7/07/17

  July 07 2017, 3:31 pm EDT  As reported by Brian Collins in National Mortgage News, without a Commissioner of FHA six months into the new Administration, issues ranging from lowering annual premiums to eliminating the “life of loan” policy, will go unaddressed for now.  Proponents of both of these measures point to … Continue reading