Inside Mortgage Finance 8/24/16 – Trade Groups with Nonbank Members Ask the CFPB: How About Us?

Inside Mortgage Finance 8/24/16 – Trade Groups with Nonbank Members Ask the CFPB: How About Us?

Trade Groups with Nonbank Members Ask the CFPB: How About Us? By Carisa Chappell cchappell@imfpubs.com Two industry trade groups that represent small- and medium-sized lenders fired off a joint letter to the Consumer Financial Protection Bureau Wednesday morning, complaining about a major lack of nonbank mortgage company representation on the bureau’s advisory … Continue reading

Scotsman Guide 8/24/16 – Mortgage Groups Seek Voice on CFPB Panel

Scotsman Guide 8/24/16 – Mortgage Groups Seek Voice on CFPB Panel

Aug 24, 2016  10:45 ET Mortgage groups seek voice on CFPB panel   Two mortgage industry associations say nonbank and community mortgage lenders have little voice on the boards that advise the Consumer Financial Protection Bureau (CFPB). In a letter Wednesday, the Community Mortgage Lenders of America (CMLA) and the Community Home Lenders Association … Continue reading

National Mortgage News 8/04/16 – Trouble Looms Ahead for Fannie After Strong 2nd Qtr

National Mortgage News 8/04/16 – Trouble Looms Ahead for Fannie After Strong 2nd Qtr

Trouble Looms Ahead for Fannie After Strong 2Q By Bonnie Sinnock August 4, 2016  “We expect to remain profitable on an annual basis for the foreseeable future,” said Fannie Mac CEO Timothy Mayopoulos.  Bolstered by reduced rate-driven fair value losses and higher home prices, Fannie Mae recorded a second consecutive … Continue reading

Housing Wire 7/29/16 – Community Lenders should be exempt from CFPB exams and primary enforcement, too

Housing Wire 7/29/16 – Community Lenders should be exempt from CFPB exams and primary enforcement, too

Community lenders: We should be exempt from CFPB exams and primary enforcement, too Just like most banks already are July 29, 2016 Scott Olson The Community Home Lenders Association believes that balanced regulatory policies for community mortgage lenders benefit not just those lenders, but also consumers. Independent non-bank lenders stepped up in … Continue reading