“One way to achieve a slower implementation schedule would be to take more incremental steps, by starting with VantageScore, the new entrant in this space.… Read More »National Mortgage News – FHFA Should Add VantageScore First, Community Home Lenders Argue
President of CHLA, Taylor Stork, states that new capital requirements under the Basel III regulations combined with interest rate hikes would “only likely heighten the… Read More »Housingwire – How the Basel End Game Could Impact the Mortgage Market
CHLA creates the ‘Consumer Mortgage Bill of Rights’ to address the most common mortgage abuses and provide practical solutions for such problems.
CHLA sees Fannie Mae and Freddie Mac’s updated reforms to provide better transparency as a step in the right direction for condo standards and loan… Read More »National Mortgage News – Fannie Mae, Freddie Mac Updated Condo and Co-Opt Unit Policies
Amidst Homepoint’s loan repurchasing lawsuit, CHLA called on the GSEs to “indemnify rather than force agency sellers to repurchase loans” in order to mitigate loan… Read More »National Mortgage News – Homepoint Suing Correspondent Lenders Over Repurchases
Housing Wire story reports on CHLA’s letter to Rep. Rose (R-TN), applauding him for introduction of HR 4198, a bill to address trigger lead abuses… Read More »Housingwire – CHLA Applauds Bill to Crack Down on Mortgage Trigger Leads