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.
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
As reported by Victor Whitman in ScotsmanGuide.com, A GSE reform bill pending in the Senate Committee on Banking, Housing, & Urban Affairs has some small-lender trade groups concerned the newly proposed system will give big banks the opportunity to control the secondary market. Click Here for full article.
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.
January 24 2018, 1:57pm EST As reported by Ian McKendry in National Mortgage News, the Community Home Lenders Association provided the Senate Banking Committee yesterday with its recommendations for protecting small lenders as GSE reforms are considered. Click Here for full article.
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.
December 26, 2017 As reported by Brian Collins in National Mortgage News, GSE reform in 2018 is more likely than ever. The Community Home Lenders Association is seeing many of its priorities being positively addressed. Click here for full article.
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
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
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.