CHLA Releases Action Plan for Housing Finance Reform – 9/28/15

CHLA Releases Action Plan for Housing Finance Reform   Plan Reflects Small Lender Perspective, Concerns about Mortgage Market Concentration; Suggests Modifications to Pending Congressional proposals Contact:  Scott Olson                                                                                                      For Immediate Release (571) 527-2601                                                                                                       Monday, September 28, 2015 The Community Home Lenders Association (CHLA) today released an Action Plan that … Continue reading

National Mortgage News 9/09/15 – Industry Groups Call on Regulators for TRID Exam Guidance

National Mortgage News  9/09/15 – Industry Groups Call on Regulators for TRID Exam Guidance

Industry Groups Call on Regulators for TRID Exam Guidance  BY BRIAN COLLINS SEP 9, 2015 11:28am ET WASHINGTON — Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime … Continue reading

Housing Wire 9/03/15 – Nonbanks Face Increasing Regulations As Share of Mortgage Lending Grows

Nonbanks face increasing regulations as share of mortgage lending grows CHLA rebuts assertion nonbanks aren’t adequately regulated Trey Garrison September 3, 2015 4:28PM The Community Home Lenders Association shows in a side-by-side chart comparison the growing divergence in both consumer and financial regulations that non-bank lenders and banks face. Non-banks increasingly face … Continue reading

CHLA Releases Regulatory Comparison of Non-Bank Mortgage Lenders and Banks

CHLA Releases Regulatory Comparison of Non-Bank Mortgage Lenders and Banks Rebuts Claims by Some that Non-Bank Lenders Are Not Adequately Regulated   Contact:  Scott Olson                                                                                  For Immediate Release (571) 527-2601                                                                          Wednesday, September 2, 2015 The Community Home Lenders Association (CHLA) today released a side-by-side chart (enclosed) comparing consumer and financial regulation of … Continue reading

Comparison of Consumer and Financial Regulation of Non-bank Mortgage Lenders vs. Banks

REGULATION OF NON-BANK MORTGAGE LENDERS AND BANKS – Single Family Mortgage Loans Prepared by the Community Home Lenders Association [9/2/15]    CONSUMER REGULATION                                                                   NON-BANKS                                                                              BANKS SAFE ACT:Loan Originator Qualifications Every individual Loan Originator at a non-bank must:* Be licensed* Complete SAFE Act  Mortgage  Competency Test * … Continue reading