CHLA Statement to House Financial Services Committee on The Bipartisan Housing Finance Reform Act of 2018

    Testimony of Don Calcaterra, Jr. On behalf of the Community Home Lenders Association (CHLA)     House Financial Services Committee  Hearing on “The Bipartisan Housing Finance Reform Act of 2018”   December 21, 2018    Chairman Hensarling, Ranking Member Waters, and Members of the Committee, I appreciate this … Continue reading

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