[Counterpoint] Here’s how small lenders can support GSE reform

[Counterpoint] Here’s how small lenders can support GSE reform

[Counterpoint] Here’s how small lenders can support GSE reform The debate behind recapitilizing the GSEs by  Bill Giambrone CHLA President Op-ed in HousingWire on July 5, 2017   It is time to put to rest the straw man argument that groups in Washington that want to recapitalize the government sponsored enterprises … Continue reading

American Banker Op-ed 6/27/17 – Small Lenders need to be in Room where GSE Happens

American Banker Op-ed 6/27/17 – Small Lenders need to be in Room where GSE Happens

BankThink Small lenders need to be in room where GSE debate happens By    Bill Giambrone American Banker reported June 27th: As the Senate Banking Committee seeks to revive talks over reforming the government-sponsored enterprises, a central question is the extent to which it will take into account small, independent mortgage bankers. Will … Continue reading

The Hill 6/07/17 – CHLA, CMLA & NAACP Op-Ed on Fannie Mae and Freddie Mac Troubles as Capital Dwindles

The Hill 6/07/17 – CHLA, CMLA & NAACP Op-Ed on Fannie Mae and Freddie Mac Troubles as Capital Dwindles

As capital dwindles, trouble looms for Fannie Mae and Freddie Mac BY GLEN CORSO, SCOTT OLSON AND HILARY SHELTON, OPINION CONTRIBUTORS - 06/07/17 06:40 PM EDT 30 Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous to operate the two institutions that … Continue reading

Housing Wire 5/10/17 – Independent Mortgage Bankers say Financial CHOICE Act still needs work

Housing Wire 5/10/17 – Independent Mortgage Bankers say Financial CHOICE Act still needs work

Despite relief, independent mortgage bankers say Financial CHOICE Act still needs work - ”One additional provision is needed” May 10, 2017 Scott Olson The Financial CHOICE Act (FCA) that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage bankers (IMBs). IMBs are nonbank mortgage lenders – the very lenders … Continue reading

American Banker 4/26/17 – BankThink A GSE risk we can no longer ignore: Do nothing

American Banker 4/26/17 – BankThink A GSE risk we can no longer ignore: Do nothing

BankThink A GSE risk we can no longer ignore: Doing nothing By Scott Olson April 26 2017, 12:00pm EDT We are approaching the 10th year of the conservatorship of Fannie Mae and Freddie Mac, yet Congress continues to struggle to produce a comprehensive reform bill for the government-sponsored enterprises. GSE reform has … Continue reading

CHLA/CMLA Response Letter to Moody’s Analytics Economist

CHLA/CMLA Response Letter to  Moody’s Analytics Economist

Mark Zandi Chief Economist Moody’s Analytics 121 North Walnut Street, Suite 500 West Chester, PA 19380-3166   Dear Mark: We read with some interest your recent Washington Post article: “How the Trump Administration can continue progress in U.S. housing”. We were struck by your comments that: “Small non-bank lenders are … Continue reading

No, the Futute of Fannie and Freddie Is Not a ‘Sideshow’ – National Mortgage News 12/28/16

No, the Futute of Fannie and Freddie Is Not a ‘Sideshow’ – National Mortgage News 12/28/16

  No, the Future of Fannie and Freddie Is Not a ‘Sideshow’ By Glen Corso, Scott Olson December 28, 2016 We write jointly as representatives of community mortgage lenders to take issue with the recent opinion piece entitled “GSE ‘Recap’ Experiment is Just a Sideshow.” The underlying premise of this piece … Continue reading

Why Housing Should Rank High on Trump’s Domestic Agenda (National Mortgage News 11/10/16)

Why Housing Should Rank High on Trump’s Domestic Agenda (National Mortgage News 11/10/16)

Why Housing Should Rank High on Trump’s Domestic Agenda BY SCOTT OLSON NOV 10, 2016 4:21PM ET Eight years ago, as Barack Obama woke up the day after he was elected president of the United States, he faced housing and economic challenges of a magnitude not seen since the Great Depression. … Continue reading

Scotsman Guide 10/6/16 – Front-end risk sharing threatens small lenders

Scotsman Guide 10/6/16 – Front-end risk sharing threatens small lenders

Front-end risk sharing threatens small lenders Interview with Scott Olson, executive director of CHLA The government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac now offload much of the default risk on the loans they purchase through the sales of securities. These are called back-end risk-sharing deals because they provide risk … Continue reading