June 21, 2018 As reported by Victor Whitman in Scotsman Guide, the White House yesterday released their plan to end the federal charters of GSEs and privatize Fannie Mac and Freddie Mae. Click Here for full article.
June 1, 2018 by Rob Chrisman (Excerpt) …“Because FHA borrowers are being overcharged and FHA’s financial metrics continue to be strong, CHLA is renewing its call to reduce annual premiums and end Life of Loan,” says Scott Olson. Click Here for full article.
April 16, 2018 Scotsman Guide The Consumer Financial Protection Bureau (CFPB) under the direction of Mick Mulvaney, is reviewing how the agency handles consumer complaints against financial-services companies. Members of the mortgage industry have opposed the releasing of these complaints to the public, stating without full verification, some companies may … Continue reading
April 23, 2018 As posted on Scotsmanguide.com by Victor Whitman (firstname.lastname@example.org) Two members of Congress on the House Financial Services Committee, have introduced legislation seeking better guidance from the CFPB in response to a call from some mortgage industry groups. Click here for full article.
March 14 2018 As reported by Brad Finkelstein in National Mortgage News, mortgage trade groups including CHLA, would like to see more transparency of a new pilot program, IMAGIN, between Freddie Mac and Arch Capital. Click Here for full article.
March 5, 2018 As posted on Scotsmanguide.com by Victor Whitman (email@example.com) Senate Bill 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, likely has enough bi-partisan support in the Senate to avoid a filibuster. It is being described as a “skinny” reform measure to address Dodd-Frank. Scott Olson, executive director … Continue reading
Feb 26, 2018 By Victor Whitman An interview with CHLA executive director Scott Olson appearing in Scotsman Guide on February 26, 2018, explains why the Community Home Lenders Association is opposed to increasing the number of GSE-type entities, among other proposed reforms. Click Here for full interview.
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.