April 16, 2018 Scotsman Guide The Consumer Financial Protection Bureau (CFPB) under the direction of Mick Mulvaney, is reviewing how the agency handles consumer complaints against financial-services companies. Members of the mortgage industry have opposed the releasing of these complaints to the public, stating without full verification, some companies may … Continue reading
April 23, 2018 As posted on Scotsmanguide.com by Victor Whitman (firstname.lastname@example.org) Two members of Congress on the House Financial Services Committee, have introduced legislation seeking better guidance from the CFPB in response to a call from some mortgage industry groups. Click here for full article.
2101 Wilson Boulevard, Suite 610 Arlington, VA 22201 (571) 527-2601 April 2, 2018 Re: Request for Information Regarding Bureau Enforcement Processes; … Continue reading
March 14 2018 As reported by Brad Finkelstein in National Mortgage News, mortgage trade groups including CHLA, would like to see more transparency of a new pilot program, IMAGIN, between Freddie Mac and Arch Capital. Click Here for full article.
March 5, 2018 As posted on Scotsmanguide.com by Victor Whitman (email@example.com) Senate Bill 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, likely has enough bi-partisan support in the Senate to avoid a filibuster. It is being described as a “skinny” reform measure to address Dodd-Frank. Scott Olson, executive director … Continue reading
Feb 26, 2018 By Victor Whitman An interview with CHLA executive director Scott Olson appearing in Scotsman Guide on February 26, 2018, explains why the Community Home Lenders Association is opposed to increasing the number of GSE-type entities, among other proposed reforms. Click Here for full interview.
Concerns Regarding GSE Multi-Guarantor Model Community Home Lenders Association (CHLA) February 21, 2018 Last July, CHLA and 5 other associations representing small mortgage lenders testified before the Senate Banking Committee on GSE Reform. All six groups opposed chartering new guarantors in addition to Fannie Mae and Freddie Mac. [LINK: … Continue reading
February 14, 2018 GSEs Fannie Mae and Freddie Mac have announced that “they will need to take draws on the U.S. Treasury after taking one-time hits as a result of last year’s tax overhaul.” (Victor Whitman, Scotsman Guide 2/14/18) Click Here for full article.
CHLA Reacts to Fannie Mae Draw — Congress Should Heed Director Watt’s Warning Not to React in Haste Contact: Scott Olson For Immediate Release 571-527-2601 … Continue reading
February 13, 2018 The Honorable Mick Mulvaney Acting Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Dear Acting Director Mulvaney: The Community Home Lenders Association (CHLA) and the Community Mortgage Lenders of America (CMLA) are writing jointly to ask the CFPB to carry … Continue reading