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

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

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

CHLA Underscores Importance of Nonbanks By George Brooks gbrooks@imfpubs.com As reported in Inside Mortgage Finance today: 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 … Continue reading

Opinion by CHLA president, Bill Giambrone: Small lenders want GSEs preserved

Opinion by CHLA president, Bill Giambrone: Small lenders want GSEs preserved

Opinion: Small lenders want GSEs preserved By William Giambrone Published by Scotsman Guide on August 1, 2017  16:50 ET Recently, I had the privilege of testifying before the U.S. Senate banking committee on behalf of the Community Home Lenders Association (CHLA) on reform of the government-sponsored enterprises, or GSEs. The … Continue reading

Housing Wire – Small lenders testify before Senate Banking Committee

Housing Wire – Small lenders testify before Senate Banking Committee

Small lenders to Congress: Here’s the GSE reform we don’t want to see Testify before Senate Banking Committee by   Kelsey Ramírez,   July 20, 2017 Housing Wire reports on small lenders’ testimony before Senate Banking Committee on GSE reform Small lenders urged Congress to ensure a level playing field for all lenders … Continue reading

Scotsman Guide – Small lenders grab spotlight on reform debate

Scotsman Guide – Small lenders grab spotlight on reform debate

Small lenders grab spotlight on reform debate by Victor Whitman Reported in Scotsman Guide,  July 20, 2017 Small lenders testifying before a U.S. Senate banking committee hearing on Thursday cautioned policymakers not to overthrow a housing finance system that has kept them in business and competitive with the nation’s big … Continue reading

Nat’l Mortgage News – Small lenders fear GSE reform would resurrect bulk discounts for big banks

Nat’l Mortgage News – Small lenders fear GSE reform would resurrect bulk discounts for big banks

Small lenders fear GSE reform would resurrect bulk discounts for big banks By Ian McKendry   July 20 2017, 5:44pm EDT National Mortgage News reports on small lenders’ testimony before Senate Banking Committee hearing on Housing Finance Reform. WASHINGTON — The discounts that Fannie Mae and Freddie Mac used to offer large … Continue reading

National Mortgage News 7/07/17 – Lack of FHA chief fuels uncertainty about premium cut

National Mortgage News 7/07/17 – Lack of FHA chief fuels uncertainty about premium cut

Lack of FHA chief fuels uncertainty about premium cut By Brian Collins Published July 07 2017, 3:31 pm EDT in National Mortgage News WASHINGTON — Almost six months after the newly inaugurated Trump administration tabled a Federal Housing Administration premium cut, industry backers have maintained hope it will be revived, especially as … Continue reading

National Mortgage News 7/07/17 – Lack of FHA chief fuels uncertainty about premium cut

National Mortgage News 7/07/17 – Lack of FHA chief fuels uncertainty about premium cut

Lack of FHA chief fuels uncertainty about premium cut By   Brian Collins July 07 2017, 3:31  pm EDT National Mortgage News WASHINGTON — Almost six months after the newly inaugurated Trump administration tabled a Federal Housing Administration premium cut, industry backers have maintained hope it will be revived, especially as … Continue reading

Bloomberg First Word 6/28/17 – Small Lender, Civil Rights Groups Want Fannie, Freddie Released

Bloomberg First Word 6/28/17 – Small Lender, Civil Rights Groups Want Fannie, Freddie Released

Small Lender, Civil Rights Groups Want Fannie, Freddie Released By Joe Light | June 28, 2017 03:47PM ET | Bloomberg First Word Groups representing small lenders, affordable-housing advocates and large home builders issued a white paper Wednesday calling for the Federal Housing Finance Agency to create a plan to recapitalize and release Fannie Mae and Freddie … Continue reading