Fannie posts $3 billion profit despite hurricanes – Scotsman Guide 11/2/17

November 2, 2017 As reported on Scotsmanguide.com, “some mortgage banking trade groups, renewed calls this week for FHFA to withhold the dividend payments” after Fannie Mae posts a $3 billion profit. “This week’s strong Fannie and Freddie profit reports should not obscure the fact that an accounting blip or tiny … Continue reading

Op-Ed: Regulatory playing field for banks, nonbanks is anything but level – American Banker BankThink 10/11/17

  Published in BankThink October 11 2017, 9:30am EDT By Scott Olson   Policymakers in Washington often have the objective to level the regulatory playing field. But federal oversight of mortgage bankers has been anything but equitable. The Consumer Financial Protection Bureau was given authority to examine both bank and nonbank mortgage … Continue reading

CHLA President Op-Ed – Small lenders need to be in room where GSE debate happens

Small lenders need to be in room where GSE debate happens Op-Ed by  CHLA president, Bill Giambrone Published in American Banker June 27th, 2017: As the Senate Banking Committee seeks to revive talks over reforming the government-sponsored enterprises, a central question is the extent to which it will take into account small, independent mortgage bankers. Will … Continue reading

CHLA/CMLA Joint Letter to Secretary Mnuchin – 9/18/17

September 18, 2017 Hon. Steven Mnuchin Secretary Department of the Treasury 1500 Pennsylvania Avenue, NW Washington DC 20229 Dear Secretary Mnuchin: We are writing to commend you for your release in June of the Treasury Report on regulations (“Core Principals for Regulating the US Financial System”) and to seek your … Continue reading

CHLA Underscores Importance of Nonbanks – Inside Mortgage Finance 9/15/2017

By  George Brooks As reported in Inside Mortgage Finance on 9/15/17. Independent mortgage bankers are leading all other lenders in providing mortgage loans to first-time homebuyers, minorities, lower-income borrowers and rural areas, and yet they are more regulated than banks, according to a new industry report. The report from the Community … Continue reading