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
November 15, 2018 As reported by Victor Whitman on scotsmanguide.com, FHA Commissioner Brian Montgomery is looking to make significant changes that will likely make it harder for new borrowers to obtain loans from the Federal Housing Administration. CHLA comments. Click Here for full article.
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 Calls on RHS to Eliminate “Anachronistic” Interest Rate Cap Contact: Scott Olson For Immediate Release 571-527-2601 … Continue reading
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
October 1, 2018 Hon. Steven Mnuchin Hon. Charles Rettig Secretary, Department of the Treasury Commissioner, Internal Revenue Service 1500 Pennsylvania Avenue NW … Continue reading
IMBs Should Be Fully Eligible for Small Business Passthrough Tax Deduction Disallowing Deduction for IMBs based on Technicality is “Absurd” and “inconsistent with statutory language and Congressional intent” Contact: Scott Olson … Continue reading
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
SEPTEMBER 5, 2018 As reported by Victor Whitman on Scotsmanguide.com, the Community Home Lenders Association is urging the Federal Housing Finance Agency to begin working on GSE recapitalization plans after a 10-year conservatorship by the Federal government. Click Here for full article.
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