CHLA Releases Detailed Concerns Regarding Multi-Guarantor GSE Reform Model

Concerns Regarding GSE Multi-Guarantor Model Community Home Lenders Association (CHLA) February 21, 2018   Last July, CHLA and 5 other associations representing small mortgage lenders testified before the Senate Banking Committee on GSE Reform.  All six groups opposed chartering new guarantors in addition to Fannie Mae and Freddie Mac. [LINK: … Continue reading

CHLA Essential GSE Reform Small Lender Protections – 1/24/18

2101 Wilson Boulevard, Suite 610 Arlington, VA  22201 (571) 527-2601   Essential GSE Reform Small Lender Protections Community Home Lenders Association (CHLA) January 24, 2018   Preserve Fannie Mae and Freddie Mac – for Fully Competitive Cash Window Fannie and Freddie must be preserved and recapitalized, pursuant to a Utility … Continue reading

SAFE Act Parity

Issue On January 20, 2013, the CFPB adopted its Loan Originator Compensation Rule, which took effect in January, 2014.  Among other things, the rule implements Section 1402(b)(1)(A) of Dodd-Frank, which requires the CFPB to establish regulations so that mortgage loan originators (LOs) that work for banks (depository institutions) meet a standard of being “qualified.”  … Continue reading

Mortgage Rules and Regulations

The Community Home Lenders Association recognizes that abuses that took place in the subprime era harmed consumers, housing markets, and the broader economy. While CHLA members largely avoided subprime lending, CHLA appreciates that laws to strengthen consumer protections and underwriting standards were warranted. However, CHLA believes that it is critical … Continue reading

GSEs – Congressional Mortgage Reform

                      MORTGAGE REFORM RECOMMENDATIONS COMMUNITY HOME LENDERS ASSOCIATION (CHLA) The prospects for action on either the House or Senate floor on GSE reform in the 114th Congress are murky at best. That said, the Community Home Lenders Association (CHLA) will once again be ready to ensure that the interest of … Continue reading