2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 November 15, 2017 The Honorable Paul Ryan The Honorable Nancy Pelosi Speaker … Continue reading
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 November 15, 2017 The Honorable Orrin Hatch The Honorable Ron Wyden Chairman … Continue reading
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
October 31, 2017 As reported today by Brian Collins in National Mortgage News, despite potential losses resulting from a multi-million pretax provision for expected hurricane losses this year, Freddie Mac is reporting third quarter profits of $4.7 billion. Click Here for full article.
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
June 28 2017, 3:12pm EDT As reported by Kate Berry in National Mortgage News, the Main Street GSE Reform Coalition, comprised of different trade groups, is calling for an end to the nine-year conservatorship of Fannie Mae and Freddie Mac. Click Here for full article.
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
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
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
Groups push for FICO score alternative by Victor Whitman Reported in Scotsman Guide on Aug 28, 2017 ET The mortgage lobby last week said that Fannie Mae and Freddie Mac aren’t moving fast enough in adopting alternative credit scoring methods to the “outdated” FICO score. In a letter last week … Continue reading