September 21, 2018 As reported by Jonnelle Marte in The Washington Post, non-bank lenders have been increasing their market share due in part to traditional banks scaling back their presence in the mortgage market. “Banks aren’t really making loans to low- to moderate-income families, so non-banks are doing it,” said Scott Olson, executive … Continue reading
SEPTEMBER 5, 2018 As reported by Victor Whitman on Scotsmanguide.com, the Community Home Lenders Association is urging the Federal Housing Finance Agency to begin working on GSE recapitalization plans after a 10-year conservatorship by the Federal government. Click Here for full article.
September 5, 2018 Notice of Proposed Rulemaking Federal Housing Finance Agency Enterprise Capital Requirements RIN 2590-AA95 The Community Home Lenders Association (CHLA) is pleased to submit these comments regarding the Federal Housing Finance Agency’s (FHFA) proposed rule to establish Capital Requirements for Fannie Mae and Freddie Mac. CHLA does … Continue reading
CHLA Letter lays out arguments in Detailed Comment Letter on Proposed Rule Contact: Scott Olson For Immediate … Continue reading
September 03 2018 As reported by Hannah Lang on Nationalmortgagenews.com, ten years have passed since the GSEs were placed in “temporary” conservatorship, and long-term GSE reform still seems far-off. Scott Olson, CHLA executive director, comments on some of the reforms enacted under FHFA, and voices support for the GSEs’ need to hold on … Continue reading
September 4, 2018 Hon. Steven Mnuchin Hon. David J. Kautter Secretary, Department of the Treasury Commissioner, Internal Revenue Service 1500 Pennsylvania Avenue NW 1111 Constitution Avenue NW Washington, DC 20220 Washington, DC 20224 RE: Internal Revenue Service Proposed Amendments to the Income Tax Regulations (26 CFR part 1) … Continue reading