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.
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
As posted 11/15/17 on ScotsmanGuide.com: In letters to Congressional leaders, CHLA says it will oppose both the House and Senate tax bills in their current form. Click Here for article.
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
October 31, 2017 As reported today by Brian Collins in National Mortgage News, despite potential losses resulting from a multi-million pretax provision for expected hurricane losses this year, Freddie Mac is reporting third quarter profits of $4.7 billion. Click Here for full article.
June 28 2017, 3:12pm EDT As reported by Kate Berry in National Mortgage News, the Main Street GSE Reform Coalition, comprised of different trade groups, is calling for an end to the nine-year conservatorship of Fannie Mae and Freddie Mac. Click Here for full article.
August 28, 2017 As reported by Victor Whitman, Chief Reporter for Scotsman Guide.com, in a letter to FHFA Director Mel Watt, a coalition comprised of mortgage trade groups, civil rights and consumer groups, is requesting that the current FICO credit scoring method be replaced with new scoring which would more accurately … Continue reading
Small lenders to Congress: Here’s the GSE reform we don’t want to see July 20, 2017 by Kelsey Ramírez From a Housing Wire article: “Another witness, William Giambrone, Platinum Home Mortgage president and CEO and Community Home Lenders Association president, also warned against some types of housing finance reform, saying the secondary … Continue reading