No, the Future 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

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

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

Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing By Scott Olson September 26, 2016 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 … Continue reading

Housing Wire 7/29/16 – Community Lenders should be exempt from CFPB exams and primary enforcement, too

Community lenders: We should be exempt from CFPB exams and primary enforcement, too Just like most banks already are July 29, 2016 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 … Continue reading

Don’t Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks (Letter to the Editor – The Washington Post 6/08/16) –

Letters to the Editor Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks June 7, 2016 Regarding the June 4 editorial “A financial zombie”: The policy choice we face is simple: Either turn over the securitization and mortgage markets for government-guaranteed mortgage loans … Continue reading

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

Congress Risks Letting Big Banks Control Housing Finance By Scott Olson May 26, 2016 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, … Continue reading

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

GSE reform is happening: Are people paying attention? The disagreement on what comes next March 8, 2016 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 … Continue reading

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

D.C. Must Take Steps to Halt Community Lender Consolidation   By Scott Olson March 1, 2016 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 … Continue reading