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

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

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

Small lenders testify before Senate Banking Committee – Housing Wire 7/20/17

Small lenders to Congress: Here’s the GSE reform we don’t want to see July 20, 2017 by  Kelsey Ramírez    From a Housing Wire article:   “Another witness, William Giambrone, Platinum Home Mortgage president and CEO and Community Home Lenders Association president, also warned against some types of housing finance reform, saying the secondary … Continue reading

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

Small lenders fear GSE reform would resurrect bulk discounts for big banks – National Mortgage News 7/20/17

  July 20 2017, 5:44 pm EDT As reported by Ian McKendry in National Mortgage News, small lenders such as the CHLA testifying at a Senate Banking Committee hearing warned that the approval of new competitors to Fannie Mae and Freddie Mac could result in the re-emergence of volume discounts and other practices … Continue reading

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

  July 07 2017, 3:31 pm EDT  As reported by Brian Collins in National Mortgage News, without a Commissioner of FHA six months into the new Administration, issues ranging from lowering annual premiums to eliminating the “life of loan” policy, will go unaddressed for now.  Proponents of both of these measures point to … Continue reading

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

Small Lender, Civil Rights Groups Want Fannie, Freddie ReleasedBy 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 Mac … Continue reading

Small lenders and affordable housing groups issue joint GSE reform proposal – Housing Wire 6/28/17

A guide to protect small lenders June 28, 2017: by  Brena Swanson From the above Housing Wire article:   “Small lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members.  The organizations that signed the 1-page list of … Continue reading