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

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.  

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

Fannie posts $3 billion profit despite hurricanes – Scotsman Guide 11/2/17

November 2, 2017 As reported on Scotsmanguide.com, “some mortgage banking trade groups, renewed calls this week for FHFA to withhold the dividend payments” after Fannie Mae posts a $3 billion profit. “This week’s strong Fannie and Freddie profit reports should not obscure the fact that an accounting blip or tiny … Continue reading

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