CHLA, NAR weigh in on regulatory burdens in comment letter to HUD – Housing Wire 6/15/17

FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD June 15, 2017 by Brena Swanson From the above-referenced Housing Wire article:  “CHLA recommended that FHA reduce the annual insurance premium on forward loans from .85% to .55%. “We note that even with this change, overall premium levels … Continue reading

FHFA, Treasury should cooperate on GSE capital buffer, housing groups say – National Mortgage News 5/17/17

  May 17 2017, 5:53pm EDT As reported by  Brian Collins in National Mortgage News, a coalition of affordable housing advocates, home builders and small mortgage lender groups, including CHLA, are urging FHFA and Treasury to work together to enable Fannie Mae and Freddie Mac to rebuild a capital buffer, to avoid a potential crisis … Continue reading

Scotsman Guide 5/11/17 – Watt says FHFA could withhold GSE dividends

Watt: FHFA could withhold GSE dividends May 11, 2017 In testimony Thursday, Federal Housing Finance Agency (FHFA) Mel Watt strongly hinted that the regulator would begin withholding Fannie Mae and Freddie Mac’s dividend payments to taxpayers to lessen the chance that the government-sponsored enterprises will need to take future draws … Continue reading

Community lenders stress possible negative impact on MID in tax reform – Housing Wire 4/12/17

Pens letter with two requests April 12, 2017  by  Brena Swanson From the above-referenced Housing Wire article:  “As the Trump administrations works on hashing out comprehensive tax reform, the Community Home Lenders Association penned a letter to address its serious concerns about the future of the mortgage interest deduction, along with the potential … Continue reading

Mortgage News Daily – Fannie/Freddie Changes – Their Future Remains Uncertain

BY: ROB CHRISMAN Fannie/Freddie Changes–Their Future Remains Uncertain (Excerpt) The CHLA released its version of a comprehensive GSE reform plan. “As the Trump Administration begins to wade into this issue, and Congress is starting to do the same, CHLA wanted to weigh in with a detailed set of recommendations. They focus on key … Continue reading

Scotsman Guide 3/30/17 – GSE dividend jump starts debate on reforms

GSE dividend jumpstarts debate on reforms The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will make a total of nearly $10 billion in dividend payments to the U.S. Treasury on schedule this week even as their federal regulator has been under pressure to let the housing-finance giants keep the … Continue reading

Community groups, lenders call for Fannie, Freddie to stop paying dividend to Treasury – Housing Wire 3/23/17

Will Trump administration have a different answer? March 23, 2017 by  Ben Lane From the above-referenced Housing Wire article: “In a letter sent Thursday to Treasury Secretary Steven Mnuchin and Mel Watt, Director of the Federal Housing Finance Agency, a group that includes the Community Home Lenders Association, the Community Mortgage Lenders of America, … Continue reading