Scotsman Guide 1/26/16 – Mortgage industry divided over further cuts to FHA insurance premiums

Scotsman Guide 1/26/16 – Mortgage industry divided over further cuts to FHA insurance premiums

  “I can’t handicap how likely it is that they would do this, or how seriously they are looking at it right now,” said Scott Olson, executive director of the Community Home Lenders Association, which lobbies on behalf of nonbank lenders. “The last time there was no real public indication … Continue reading

IMFnews 1/20/16 – CHLA Urges CFPB to Require Universal Loan Officer Test

IMFnews 1/20/16 – CHLA Urges CFPB to Require Universal Loan Officer Test

IMFnews Wednesday, Jan 20, 2016 Mortgage Trade Group Urges CFPB to Require Universal Loan Officer Test By Thomas Ressler tressler@imfpubs.com The Community Home Lenders Association Wednesday morning renewed its call to have the Consumer Financial Protection Bureau end the exemption bank loan-originators enjoy from passing a mortgage competency test. Implemented … Continue reading

National Mortgage News 1/19/16 – Industry at Loggerheads Over Need for More FHA Premium Cuts

National Mortgage News 1/19/16 – Industry at Loggerheads Over Need for More FHA Premium Cuts

Industry at Loggerheads Over Need for More FHA Premium Cuts   By Brian Collins January 19, 2016   WASHINGTON – As the Obama administration prepares to release its final budget, banking and mortgage groups are split on whether it should include another reduction in the premiums the Federal Housing Administration … Continue reading

Letter to CFPB Director Cordray – Bank Mortgage Loan Originator Testing Exemption – 1/20/16

  2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 January 20, 2016 Bank Mortgage Loan Originator Testing Exemption Mr. Richard Cordray, Director Consumer Financial Protection Bureau,  Washington, DC   20552 Dear Director Cordray: On the three-year anniversary of the adoption of the CFPB LO comp rule, the Community … Continue reading