A GSE risk we can no longer ignore: Do nothing (4/26/17)

This Op-Ed appeared in BankThink (American Banker) on April 26, 2017. By  Scott Olson 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 stalled as Fannie and Freddie … Continue reading

No, the Future of Fannie and Freddie Is Not a ‘Sideshow’ (12/28/16)

No, the Future of Fannie and Freddie Is Not a ‘Sideshow’ By Glen Corso, Scott Olson This Op-Ed appeared in National Mortgage News on 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 … Continue reading

Scotsman Guide Interview with CHLA Executive Director – Front-end risk sharing threatens small lenders (10/6/16)

This interview with Scott Olson appeared on scotsmanguide.com on October 6, 2016. 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 coverage after … Continue reading

Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing (9/26/16)

This Op-Ed appeared in National Mortgage News on September 26, 2016. By Scott Olson The recent revelations about Wells Fargo opening unauthorized bank accounts have great potential to undermine consumer confidence once again in our financial sector. Requiring mortgage loan officers in depository institutions to pass the Secure and Fair Enforcement … Continue reading

Community Lenders should be exempt from CFPB exams and primary enforcement, too (7/29/16)

Just like most banks already are This Op-Ed appeared in HousingWire on July 29, 2016. by Scott Olson The Community Home Lenders Association believes that balanced regulatory policies for community mortgage lenders benefit not just those lenders, but also consumers. Independent non-bank lenders stepped up in recent years to fill the access to … Continue reading

Don’t Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks (6/08/16)

This letter by Scott Olson, executive director of CHLA, appeared in The Washington Post “Letters to the Editor” on June 7, 2016 in response to the June 3 editorial, “A financial zombie”. Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks The policy choice … Continue reading

Congress Risks Letting Big Banks Control Housing Finance (5/26/16)

This Op-Ed appeared in American Banker on May 26, 2016. By Scott Olson It is quite clear that comprehensive legislative reform of the government-sponsored enterprises is not going to happen this year. But Congress is still considering adopting piecemeal housing finance provisions in advance of a broader longer-term proposal. Unfortunately, those … Continue reading

GSE reform is happening: Are people paying attention? (3/8/16)

The disagreement on what comes next This Op-Ed appeared in HousingWire on March 8, 2016. by Scott Olson  Congress recently adopted so-called government-sponsored enterprise “Jump Start” legislation. Since the bill actually restricts actions to facilitate GSE reform, this is somewhat of a misnomer. But the goal is understandable. Congress wants to … Continue reading

D.C. Must Take Steps to Halt Community Lender Consolidation (3/01/16)

This Op-Ed appeared in American Banker on March 1, 2016. By Scott Olson A recent article in American Banker and National Mortgage News estimated that 20-25% of independent nonbank mortgage lenders “could change hands or simply shut down in the next 12 to 18 months.” This should worry consumers wondering how they will obtain the credit to … Continue reading