[Counterpoint] Here’s how small lenders can support GSE reform (7/5/17)

The debate behind recapitilizing the GSEs by  Bill Giambrone, CHLA President This Op-Ed appeared 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 or build a capital buffer want to “recap … Continue reading

CHLA, CMLA & NAACP Op-Ed on Fannie Mae and Freddie Mac Troubles as capital dwindles (6/7/17)

As capital dwindles, trouble looms for Fannie Mae and Freddie Mac This Op-Ed appeared in The Hill on June 7, 2017. BY GLEN CORSO, SCOTT OLSON AND HILARY SHELTON, OPINION CONTRIBUTORS  Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous … Continue reading

Independent Mortgage Bankers say Financial CHOICE Act still needs work (5/10/17)

“One additional provision is needed” by  Scott Olson This Op-Ed appeared in  HousingWire on 5/10/17. 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 that stepped up to expand mortgage access to … Continue reading

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