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
(Washington, D.C.) – The Community Home Lenders of America (CHLA) has provided an update to its January 2024 “White Paper” on the credit-scoring industry and… Read More »CHLA Provides April 2024 Update to Rapidly-Rising Credit Scoring Costs
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