CHLA/CMLA Letter to CFPB Acting Director Mick Mulvaney – 2/13/18

  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

Upbeat FHA outlook in Trump budget renews calls for premium reduction – National Mortgage News 2/13/18

  February 13, 2018 As reported by Brian Collins in National Mortgage News, while the Federal Housing Administration mortgage insurance program is expected to be very profitable in the coming fiscal year, renewing calls for a reduction in premiums for home buyers, this does not appear to be under consideration by the Trump … Continue reading

Small-lender trade groups blast GSE plan – Scotsman Guide 1/26/18

January 26, 2018 “Two community mortgage-lender trade associations say they have serious concerns about a recent report on how a government-sponsored enterprise (GSE) reform bill is evolving in the U.S. Senate Committee on Banking, Housing & Urban Affairs.” – (Victor Whitman, Scotsmanguide.com, 1/26/18) Click Here for full article.  

CHLA Essential GSE Reform Small Lender Protections – 1/24/18

2101 Wilson Boulevard, Suite 610 Arlington, VA  22201 (571) 527-2601   Essential GSE Reform Small Lender Protections Community Home Lenders Association (CHLA) January 24, 2018   Preserve Fannie Mae and Freddie Mac – for Fully Competitive Cash Window Fannie and Freddie must be preserved and recapitalized, pursuant to a Utility … Continue reading

Federal regulator calls for turning GSEs into utilities – Scotsman Guide 1/18/18

January 18, 2018 As reported in Scotsman Guide, FHFA Director Mel Watt has outlined the agency’s recommended approach to reform the GSEs. Declaring that the conservatorship of Fannie Mae and Freddie Mac is unsustainable, he has proposed that they be turned into shareholder-owned utilities. Click Here for full article.  

Mortgage lenders ask CFPB’s Mulvaney to delay HMDA rule – National Mortgage News 12/13/17

December 13, 2017 As reported by Kate Berry in National Mortgage News, in a letter to CFPB’s acting director, Mick Mulvaney, the Community Home Lenders Association have requested a delay in implementing the expanded requirements of the HMDA and a safe harbor for lenders showing good-faith compliance. Click Here for full … Continue reading