(Washington, D.C.) – The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s release today of FHA’s annual MMIF report. “The Community Home Lenders of America (CHLA) is pleased with the latest MMIF report detailing FHA’s strong financial performance. In particular, CHLA believes the FHA report demonstrates the effectiveness of the February 2023 cut of 30 basis points in annual
(Washington, D.C) – The Community Home Lenders of America (CHLA) released the following statement congratulating Donald Trump on his election as 47th president of the United States: “CHLA congratulates Donald Trump on being elected the 47th president of the United States. CHLA looks forward to working with President Trump, Vice President Vance, and the rest of the administration on the critical goal of creating accessible
CHLA Commends Freddie Mac for Expanding Repurchase Alternative Pilot (Washington, D.C.) – The Community Home Lenders of America (CHLA) commends Freddie Mac and FHFA Director Sandra Thompson for expanding the performing loan repurchase alternative pilot program to lenders nationwide. Allowing lenders to opt-in for a fee-based structure rather than requiring a repurchase on a performing loan will ensure higher-quality underwriting and improve consumer protections.
CHLA Calls Attention to Congressional Letter Calling for DOJ Investigation into FICO Pricing (Washington, D.C.) – The Community Home Lenders of America (CHLA) calls attention to the 34 Senate and House Members for sending a letter on affordable housing Wednesday to President Biden – requesting that the Department of Justice investigate FICO for anti-competitive behavior. The Congressional letter stated: “The Department of Justice (DOJ) and
(Washington, D.C.) – The Community Home Lenders of America (CHLA) applauds the inclusion of the Homebuyers Privacy Protection Act of 2024 – which would improve the homebuying process by mitigating the abusive, anti-consumer, and potentially illegal practice of trigger leads – in the FY 2025 National Defense Authorization Act (NDAA). “The passing of S.A. 2358 would protect veterans, active-duty service members, and other consumers
(Washington, D.C.) – The Community Home Lenders of America (CHLA) applauds the Federal Reserve for cutting interest rates by 50 basis points. “Today’s interest rate cuts are critical in creating a more affordable housing environment, particularly for first-time and low-to moderate-income homebuyers,” said Scott Olson, executive director of CHLA.” Last October, CHLA and other trade groups sent a letter to the Department of Treasury
The CHLA once again is calling on FHA to eliminate its life-of-loan premium requirements.
The mortgage industry’s effort to rein in trigger leads may have reached a standstill — at least for the time being.