Items Tagged with 'Community Home Lenders Association'


  • Smaller independent mortgage bankers request freedom from CFPB exams

    CHLA responds to bureau’s request for comments
    The Community Home Lenders Association submitted a letter to the Consumer Financial Protection Bureau requesting that smaller independent mortgage bankers be exempt from the bureau’s exams and audits. The letter comes in response to the CFPB’s request for comment on its own enforcement process, which it issued back in February.
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  • Preserving homeownership incentives – a national priority in tax reform

    Here's a better solution for tax reform
    [Expert commentary] The Community Home Lenders Association is very supportive of the goals of the pending House and Senate tax bills of providing tax relief for individuals and corporations and simplifying and reforming the tax code. And if this means reforming existing homeownership tax provisions in order to help finance these tax cuts, that is fine with us.
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  • [Counterpoint] Here's how small lenders can support GSE reform

    The debate behind recapitilizing the GSEs
    [Expert commentary] It is time to put to rest the straw man argument that groups in Washington that want to recapitalize the government sponsored enterprises or build a capital buffer want to "recap and release" the GSEs without reforms. Congress needs facts and a proper and correct reminder of history as they debate allowing too big to fail institutions to become GSEs and whether to have a capital buffer.
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  • Small lenders and affordable housing groups issue joint GSE reform proposal

    A guide to protect small lenders
    Small lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members. The release comes amid a growing number of housing groups discussing reforming Fannie Mae and Freddie Mac given the current administration’s intent to make reform a priority. Here are a few key highlights from the release.
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  • FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD

    CHLA, NAR weigh in on regulatory burdens
    The current administration made reducing regulatory burdens a main priority early on, announcing an executive order on the issue shortly after President Donald Trump started his term. HUD and other government agencies invited public comments on the matter, and two of the biggest groups in housing offered up their thoughts on how HUD can improve.
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  • Despite relief, independent mortgage bankers say Financial CHOICE Act still needs work

    "One additional provision is needed"
    The Financial CHOICE Act that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage bankers. But one additional provision is needed to ensure that small IMBs are treated the same as banks are under the bill. Why can’t independent mortgage bankers have the same exemptions as other banks?
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  • Community lenders stress possible negative impact on mortgage interest deduction in tax reform

    Pens letter with two requests
    Despite the fact that the Treasury secretary said earlier this year that the mortgage interest tax deduction will not be changed, nothing is guaranteed when it come to the future of tax reform. And while the Trump administration is supposedly working on comprehensive tax reform, the Community Home Lenders Association says that it has serious concerns about the future of the mortgage interest deduction.
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  • Housing industry welcomes FHA mortgage insurance premium cut

    Positive reaction from across the industry
    The Federal Housing Administration surprised some in the housing industry on Monday by reversing course and announcing plans to cut its annual mortgage insurance premiums, less than two months after saying there were no plans for further cuts. Reactions to the FHA’s announcement varied from welcoming the cuts to wondering why it took the FHA so long to make the move.
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  • Strong FHA annual report stirs up calls for mortgage insurance premium cut

    Mutual Mortgage Insurance Fund grows for 4th straight year
    Ed Golding, the Department of Housing and Urban Development’s principal deputy assistant secretary for housing, said Tuesday that the Federal Housing Administration is not considering cutting its mortgage insurance premiums, despite the FHA’s flagship fund showing growth for the fourth year in a row. But is the FHA’s current plan misguided? Several organizations think so.
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  • Community lenders renew call to allow Fannie Mae, Freddie Mac to rebuild capital

    GSEs reported combined net income of more than $5 billion in 3rd quarter
    In the wake of both of the government-sponsored enterprises reporting multi-billion dollar profits in the third quarter, the Community Home Lenders Association is renewing its call to allow Freddie Mac and Fannie Mae to rebuild capital, saying an additional draw from the Treasury could lead to a restriction of mortgage credit availablity.
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