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Press releases

CHLA Congratulates Joe Gormley on Appointment as Executive Vice President and Chief Operating Officer at Ginnie Mae

Washington, D.C. –  April 16, 2025 – The Community Home Lenders of America (CHLA) congratulates Joe Gormley on his appointment as Executive Vice President and Chief Operating Officer at Ginnie Mae, an essential component of the nation’s housing finance system. Mr. Gormley brings a wealth of experience in housing policy, regulatory leadership, and public service to his new role. His background as a trusted housing

CHLA Urges VA to Ensure Fair Treatment for Veterans Following End of VASP Program

Washington, D.C –  April 14, 2025 – In the wake of the Veterans Affairs Servicing Purchase (VASP) program’s conclusion, the Community Home Lenders of America (CHLA) has formally called on the Department of Veterans Affairs (VA) to take swift and transparent action to support our nation’s veterans during this critical transition. In a letter sent to the VA, CHLA emphasized the importance of a fair

CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers

WASHINGTON, D.C. — The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders, 89 Fed. Reg. 56028 (July 8, 2024) (codified at 12 CFR part 1092), it will not prioritize enforcement or supervision actions with regard to entities that do not satisfy future deadlines under the regulation to submit

CHLA Supports FHA Proposal on Servicer Tax and Insurance Reimbursements

Washington, D.C – March 10, 2025 – Community Home Lenders of America (CHLA) today submitted a comment letter to the Federal Housing Administration (FHA). The letter expressed CHLA’s support for an FHA proposal that allows servicers who advance taxes and insurance for delinquent borrowers to be reimbursed during the loss mitigation process. The CHLA letter also made several recommendations on how to implement this proposal. LINK TO CHLA

CHLA Releases Statement Regarding HUD Delaying the Energy Standard for FHA Single Family New Construction

Washington, D.C –  March 10, 2025 – TheCommunity Home Lenders of America (CHLA) released the following statement in response to HUD’s action, published in the Federal Register – https://www.govinfo.gov/content/pkg/FR-2025-03-10/pdf/2025-03758.pdf: – to delay by six months the compliance deadline for a requirement that new homes financed with FHA loans must meet the International Energy Conservation Code (IECC) energy standards for new homes: “The Community Home Lenders of

CHLA Writes the CFPB with Recommendations for Streamlining Regulation of IMBs

CHLA Writes the CFPB with Recommendations for Streamlining Regulation of IMBs Washington, D.C –  February 14, 2025 – The Community Home Lenders of America (CHLA) sent a letter to the Consumer Financial Protection Bureau (CFPB) laying out suggested reforms to streamline CFPB regulation of smaller independent mortgage banks (IMBs). Noting that recent Administration actions regarding the CFPB reflect the need for fundamental changes with the CFPB, the CHLA letter highlighted 4