Scott Olson, executive director of the Community Home Lenders of America, called for a more flexible PTAP that small and mid-sized issuers could access in more normal circumstances, not just during a national economic crisis.
CHLA Executive Director Scott Olson opposes the extension of the Community Reinvestment Act to independent mortgage banks.
Responding to a request for comment, CHLA Executive Director Scott Olson this week said that since writing to the DOJ, CHLA has “heard from multiple small and mid-sized independent mortgage banks about the risks this merger could pose for consumers, both with respect to pricing and tying concerns that could be created by such an increase in market concentration.”
CHLA Letter Identifies Alternative Approaches to Address Liquidity and Going Concern Issues
The Community Home Lenders Association wrote a letter to Ginnie, renewing its request that the government bond insurer “exempt small and mid-sized independent mortgage banks”… Read More »National Mortgage News: Ginnie Mae’s New Capital Rules Draw Split Opinions
In a letter to Ginnie Mae, CHLA renews its request to exempt small and mid-sized IMBs from new Risk-Based Capital Requirements, raising concerns about reducing… Read More »CHLA asks ginnie mae to exempt small/mid-size imbs from risk based capital requirements