The Community Home Lenders of America (CHLA) said due to the rapid rise in interest rates over the past year, “our consensus member conclusion is that the average loss to the lender is now 30% on every loan repurchase.”
The Community Home Lenders of America (CHLA) today sent a letter to FHFA, Fannie Mae, and Freddie Mac – asking Fannie and Freddie to adopt… Read More »CHLA Asks FHFA for GSE Repurchase Policy Changes – to Protect Consumers, Lenders, and Underserved Borrowers
In a letter to FHFA Director Sandra Thompson, CHLA is asking Fannie Mae and Freddie Mac to adopt a policy of offering a reasonable indemnification… Read More »CHLA letter to FHFA: GSEs should offer indemnifications instead of repurchases for performing loans
According to Scott Olson, executive director of the Community Home Lenders of America, it’s not always clear when, how or whether a property will be… Read More »inside mortgage finance – lenders call for updates to fha condo loan process
“CHLA commends FHFA Director [Sandra] Thompson for her action to scrap the use of DTI in the pricing grid for Fannie Mae and Freddie Mac,”… Read More »Scotsman Guide – FHFA rescinds controversial DTI-based upfront fees
“The GSE pricing grid is a complex balancing of the objectives of access to mortgage credit for underserved borrowers and safety and soundness, and [the… Read More »national mortgage news – FHFA drops debt-to-income based pricing adjustment