CHLA asked FHFA and FHA to scrutinize the fees, suggesting that they have characteristics similar to the “junk fees” that the Consumer Financial Protection Bureau… Read More »Inside Mortgage Finance – CHLA Brings Employment-Verification Costs to Regulators
The Community Home Lenders of America sent a letter to housing officials challenging verification of employment report charges by Equifax, raising questions about whether they… Read More »National Mortgage News – CHLA protests employment verification costs
“Borrowers are not generally aware of this cost, but the impact is clear,” said the CHLA. “Because these employment verifications are a requirement of the… Read More »HousingWire – Equifax’s Work Number is too expensive and regulators should look into it: CHLA
“We have noticed for several years that sellers already discriminate against first-time home buyers using FHA loans, as opposed to say all-cash buyers,” he said.… Read More »National Mortgage news – NAR changes could hurt homebuyers, experts say
As details of the settlement were unfolding Friday, mortgage industry trade groups said they were monitoring the news. The Mortgage Bankers Association said it would… Read More »National Mortgage news – NAR changes commissions rules with $418M settlement
“Ginnie isn’t an agency that doles out a bunch of grants,” he said. “It runs like a private business, and it needs to be nimble… Read More »Inside Mortgage Finance – House Passes FY24 Funding Omnibus in Bipartisan Vote