In a new Scotsman Guide piece, CHLA Executive Director Scott Olson implored legislators to make access to affordable homeownership a top priority on their 2024 agendas. “Older Americans are flush with equity in their homes due to the price boom over the past 15 years. But younger Americans are increasingly locked out of homeownership and the resulting wealth it creates, consigning them to ever-increasing rent

In a new HousingWire op-ed piece, Scott Olson argues that while Ginnie Mae has proven to be extremely successful, it could become even more effective by opening a cash window for loans, similar to that of Fannie Mae and Freddie Mac. This would help smaller lenders become Ginnie Mae approved issuers while increasing loan execution choices for existing issuers.

The practice of using repurchase demands as the default option for performing GSE loans with defects also hurts consumers by discouraging new GSE loans to underserved borrowers and to borrowers in rural areas. 

New op-ed from Scott Olson in Scotsman Guide on concerns regarding state-level versions of CRA.

The data we will share with you today highlights two things. First, the FHA program does more loans to minorities than any other agency or private label lending source — so much so that it dwarfs the GSEs, VA, and others.  Second, if it weren’t for independent mortgage bankers (IMBs), the opportunity to get into homes for first-time homebuyers would be significantly constrained.

A Housing Wire Oped by Christina Brown of Atlantic Bay Mortgage explains the CHLA release of their report on IMB regulatory creep – rebutting the myths that IMBs are risk or are not regulated – and explaining why excessive regulation of smaller IMBs exacerbates industry concentration, which is bad for consumers.