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

CHLA letter to CFPB Acting Director, Mick Mulvaney re: HMDA requirements

December 13, 2017   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) is writing to urge the CFPB to delay the implementation of new data point requirements under the Home Mortgage … Continue reading

Senators ready mortgage servicing fix as tax reform nears finish line – National Mortgage News 12/01/17

December 01 2017 As reported by Brian Collins in National Mortgage News, with the passage of the tax reform bill by the Senate appearing to be a certainty, Sen. Mike Rounds, R-S.D., has sponsored an amendment to exempt mortgage servicers from a provision which requires them to pay taxes upfront … Continue reading

FHA premium cut still may not happen after Montgomery is confirmed – National Mortgage News 11/29/17

November 29,2017 As reported by Brian Collins in today’s National Mortgage News,  though it seems likely that Brian Montgomery will once again serve as FHA commissioner, his ability to answer calls by community mortgage lenders to reduce mortgage insurance premiums may prove difficult. Click Here for full article.  

Preserving homeownership incentives – a national priority in tax reform

Here’s a better solution for tax reform November 22, 2017 by Scott Olson The Community Home Lenders Association is very supportive of the goals of the pending House and Senate tax bills of providing tax relief for individuals and corporations and simplifying and reforming the tax code. And if this means reforming existing homeownership … Continue reading

Housing industry disappointed in House for passing tax reform bill – Housing Wire 11/17/17

  November 17, 2017 As reported by Kelsey Ramirez in Housing Wire, the housing industry, including CHLA, NAR and NAMB, are expressing their disappointment in the passage of the “Tax Cuts and Jobs Act” by the House. “The Community Home Lenders Association is disappointed that the House approved its tax bill without … Continue reading