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Press releases

CHLA Releases New Annual Report on Independent Mortgage Banks (IMBs)

Study finds IMBs originated 83% of all single-family mortgages in 2024 Washington, D.C –  January 24, 2025 – Community Home Lenders of America (CHLA) released today its yearly research study report titled, “CHLA 2024 Report on Independent Mortgage Banks.” In addition to its key finding that IMBs originate the vast majority (83%) of all single-family mortgage loans, the study also revealed that IMBs outperform bank loans to

CHLA Applauds FHA for Issuing Optional Reimbursement Alternative Mortgage Letter

(Washington, D.C.) – Scott Olson, executive director of the Community Home Lenders of America (CHLA) released the following statement: “CHLA applauds the Federal Housing Administration (FHA) for issuing a proposal today ‘Optional Reimbursement Claim Alternative Mortgage Letter.’  This option would permit lenders to file claims for tax and insurance advances on defaulted loans. This capability could enhance lender liquidity by providing earlier reimbursement of advances

CHLA Asks CFPB to Use FCRA to Rein in Abusive Trigger Leads

Letter comes after Congress strips provision from NDAA (Washington, D.C.) – The Community Home Lenders of America (CHLA) today sent a letter to the Consumer Financial Protection Bureau asking the CFPB to use the Fair Credit Reporting Act (FCRA) to effectively adopt the trigger lead provisions that were just dropped from the National Defense Authorization Act (NDAA) conference report. The CHLA letter referred to letters

CHLA Urges Congress to Increase Funding for Ginnie Mae and FHA

(Washington, D.C.) – The Community Home Lenders of America (CHLA) sent a letter to Congress urging for higher Senate funding levels for salaries and expenses of Ginnie Mae and the Federal Housing Administration (FHA) for FY 2025. “Both Ginnie Mae and FHA play a critical role in affordable and equitable access to homeownership, particularly for first-time and low-to moderate-income borrowers,” said Scott Olson, Executive Director

CHLA Urges Congress to Increase Funding for Ginnie Mae and FHA

(Washington, D.C.) – The Community Home Lenders of America (CHLA) sent a letter to Congress urging for higher Senate funding levels for salaries and expenses of Ginnie Mae and the Federal Housing Administration (FHA) for FY 2025. “Both Ginnie Mae and FHA play a critical role in affordable and equitable access to homeownership, particularly for first-time and low-to moderate-income borrowers,” said Scott Olson, Executive Director

CHLA Congratulates Scott Turner on Being Nominated for HUD Secretary

(Washington, D.C.) – The Community Home Lenders of America (CHLA) released the following statement on Scott Turner’s nomination as Secretary of the U.S. Department of Housing & Urban Development.  “CHLA congratulates Scott Turner on being nominated as the next HUD Secretary. We look forward to continuing to work with HUD and the rest of the administration on creating affordable and accessible homeownership, particularly for first-time and