CHLA Commends FHFA and Treasury for Establishment of GSE Capital Reserve
Contact: Scott Olson For Immediate Release 571-527-2601 … Continue reading
Monthly Archives: December 2017
Mortgage lenders ask CFPB’s Mulvaney to delay HMDA rule – National Mortgage News 12/13/17
December 13, 2017 As reported by Kate Berry in National Mortgage News, in a letter to CFPB’s acting director, Mick Mulvaney, the Community Home Lenders Association have requested a delay in implementing the expanded requirements of the HMDA and a safe harbor for lenders showing good-faith compliance. Click Here for full … Continue reading
CHLA letter to CFPB Acting Director, Mick Mulvaney re: HMDA requirements
December 13, 2017 The Honorable Mick Mulvaney Acting Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Dear Acting Director Mulvaney: The Community Home Lenders Association (CHLA) is writing to urge the CFPB to delay the implementation of new data point requirements under the Home Mortgage … Continue reading
CHLA Calls on Congress to Restore Homeownership Tax Incentives – 12/06/17
CHLA Calls on Congress to Make Changes to Restore Homeownership Tax Incentives – Releases More Details on CHLA’s Mortgage Credit Proposal Contact: Scott Olson For Immediate … Continue reading
CHLA Mortgage Interest Credit Proposal
December 2017 PROVISIONS 15 % non-refundable tax credit for the amount of combined qualified mortgage interest, property taxes, and charitable deductions that exceed $13,00 [$6,500 for individuals]. [OPTION: Although more complex and costly, the proposal could be modified to allow a 22% and a 24% tax credit for taxpayers … Continue reading
Senators ready mortgage servicing fix as tax reform nears finish line – National Mortgage News 12/01/17
December 01 2017 As reported by Brian Collins in National Mortgage News, with the passage of the tax reform bill by the Senate appearing to be a certainty, Sen. Mike Rounds, R-S.D., has sponsored an amendment to exempt mortgage servicers from a provision which requires them to pay taxes upfront … Continue reading