February 14, 2018 GSEs Fannie Mae and Freddie Mac have announced that “they will need to take draws on the U.S. Treasury after taking one-time hits as a result of last year’s tax overhaul.” (Victor Whitman, Scotsman Guide 2/14/18) Click Here for full article.
CHLA Reacts to Fannie Mae Draw — Congress Should Heed Director Watt’s Warning Not to React in Haste Contact: Scott Olson For Immediate Release 571-527-2601 … Continue reading
February 13, 2018 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) and the Community Mortgage Lenders of America (CMLA) are writing jointly to ask the CFPB to carry … Continue reading
February 13, 2018 As reported by Brian Collins in National Mortgage News, while the Federal Housing Administration mortgage insurance program is expected to be very profitable in the coming fiscal year, renewing calls for a reduction in premiums for home buyers, this does not appear to be under consideration by the Trump … Continue reading
As reported by Victor Whitman in ScotsmanGuide.com, A GSE reform bill pending in the Senate Committee on Banking, Housing, & Urban Affairs has some small-lender trade groups concerned the newly proposed system will give big banks the opportunity to control the secondary market. Click Here for full article.