In its white paper, CHLA explained the mechanics of pricing by the credit reporting agencies. Although the credit reporting agencies blame FICO for the rate increases,… Read More »Inside Mortgage Finance – Lenders Face Skyrocketing Costs for Credit Scores
“CHLA applauds Freddie Mac for allowing the use of AOLs as an alternative to title insurance as well as aligning their practices more closely with… Read More »HOusingWire – Freddie Mac expands use of AOLs in selling guide updateHOusingWire
Now, the CHLA commended the Federal Housing Finance Agency for reviving the title waiver pilot, which had gone by the wayside in August 2023. “CHLA… Read More »National Mortgage News – Is Title Insurance Ripe for Disruption?
“CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in… Read More »Housingwire – GSEs will not count buyer agent commissions in cap on seller concessions
“It is important that any proposal does not reduce transparency and protects smaller lenders and their borrowers against the emergence of exclusive deals between title… Read More »National Mortgage News – What happens if the CFPB makes lenders pay title insurance?
CHLA is concerned about the costs and competition for title insurance, and that is why we have supported Attorney Opinion Letters and the Fannie Mae… Read More »HousingWire – CFPB considers ban on charging buyers for lender’s title policy