GSE capital rule is hypothetical, but FHFA gets earful anyway – 11/26/18

November 26, 2018 As reported by Hannah Lang in National Mortgage News, mortgage lenders and consumer groups are making their voices heard as FHFA develops a plan meant to help with the transition if Fannie and Freddie are released from government conservatorship.  CHLA comments. Click Here for full article.   … Continue reading

CHLA Op-Ed: It’s Time for a New Regulatory Paradigm – November 2018

More balanced oversight is required to ensure fair competition in the mortgage industry by Scott Olson, Executive Director, Community Home Lenders Association “…the time has come for a more even-handed approach to mortgage regulation — a new paradigm if you will — that puts the focus on borrowers; bases the … Continue reading

CHLA Comment Letter to USDA Rural Housing Service re: RHS Interest Rate Ceiling

  October 12, 2018   Request for Information Establishment of Maximum Interest Rate Rural Housing Service   Kate Jensen Finance and Loan Analyst Single Family Housing Guaranteed Loan Program USDA Rural Development 1400 Independence Avenue STOP 0784, Room 2250 Washington DC  20250-1522 Dear Ms. Jensen: The Community Home Lenders Association … Continue reading

CHLA Member IMBs Write IRS: IMBs Should Be Fully Eligible for Small Business Passthrough Tax Deduction 10/01/2018

  October 1, 2018   Hon. Steven Mnuchin                                         Hon. Charles Rettig Secretary, Department of the Treasury           Commissioner, Internal Revenue Service 1500 Pennsylvania Avenue NW                … Continue reading

Non-bank lenders have become the largest source of mortgage lending in the country. – The Washington Post 9/21/18

September 21, 2018 As reported by Jonnelle Marte in The Washington Post, non-bank lenders have been increasing their market share due in part to traditional banks scaling back their presence in the mortgage market. “Banks aren’t really making loans to low- to moderate-income families, so non-banks are doing it,” said Scott Olson, executive … Continue reading

CHLA letter to FHFA re: Capital Requirements for Fannie Mae and Freddie Mac – 9/5/18

September 5, 2018   Notice of Proposed Rulemaking Federal Housing Finance Agency Enterprise Capital Requirements RIN 2590-AA95 The Community Home Lenders Association (CHLA) is pleased to submit these comments regarding the Federal Housing Finance Agency’s (FHFA) proposed rule to establish Capital Requirements for Fannie Mae and Freddie Mac.  CHLA does … Continue reading