“It is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers against the emergence of exclusive deals between title… Read More »National Mortgage News – What happens if the CFPB makes lenders pay title insurance?
CHLA is concerned about the costs and competition for title insurance, and that is why we have supported Attorney Opinion Letters and the Fannie Mae… Read More »HousingWire – CFPB considers ban on charging buyers for lender’s title policy
“CHLA continues to believe that the best long-term action would be the implementation of a comprehensive, partial claims program,” said Scott Olson, executive director at… Read More »National Mortgage News – VA loan option starts after foreclosure ban, but are servicers ready?
“Discount points are not ‘junk fees.’ They are explicitly permitted under Dodd-Frank, and as [Chopra] himself states: ‘Higher interest rates on mortgages have led borrowers… Read More »National Mortgage News – Does the CFPB have mortgage rate discount points in its crosshairs?
Letter Responds to Realtor Settlement and Payment Shifting of Buyer Commissions (Washington, D.C.) – Today, the Community Home Lenders of America (CHLA) sent a letter to the Federal… Read More »CHLA Letter Asks FHA for Equal Treatment for Homebuyers Regardless of Whether Home Seller Pays the Buyer Broker Commission