Advocacy
CHLA Sends Letter to US House Committee on Veterans’ Affairs
The Community Home Lenders of America (CHLA) supports legislative efforts to create a partial indemnification program that assists veterans and active-duty families without increasing costs for taxpayers or other VA borrowers. CHLA emphasizes the importance of structuring the program to avoid disrupting the mortgage market, specifically by ensuring the VA guarantee is not reduced by attaching it to a second note on VA loans. CHLA
CHLA Sends Letter to FHFA Director Pulte — Highlighting Small Lender Priorities for Fannie Mae, Freddie Mac
Washington, D.C – March 18, 2025 – Days after the confirmation of Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), The Community Home Lenders of America (CHLA) sent a comprehensive letter to Director Pulte, laying out CHLA’s priorities for protecting small IMB mortgage lenders and the GSE affordable housing mission. The four key recommendations in the CHLA letter are: 1. Fannie and Freddie should maintain their affordable housing footprint,
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.
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 key priorities to streamline regulation of smaller IMBs, in
CHLA Asks CFPB to Use FCRA to Rein in Abusive Trigger Leads
Letter comes after Congress strips provision from NDAA (Washington, D.C.) – The Community Home Lenders of America (CHLA) today sent a letter to the Consumer Financial Protection Bureau asking the CFPB to use the Fair Credit Reporting Act (FCRA) to effectively adopt the trigger lead provisions that were just dropped from the National Defense Authorization Act (NDAA) conference report. The CHLA letter referred to letters
CHLA Urges Congress to Increase Funding for Ginnie Mae and FHA
(Washington, D.C.) – The Community Home Lenders of America (CHLA) sent a letter to Congress urging for higher Senate funding levels for salaries and expenses of Ginnie Mae and the Federal Housing Administration (FHA) for FY 2025. “Both Ginnie Mae and FHA play a critical role in affordable and equitable access to homeownership, particularly for first-time and low-to moderate-income borrowers,” said Scott Olson, Executive Director