CHLA-CMLA Joint Letter to Mark Zandi

CMLA Advocacy, Regulatory

We read with some interest your recent Washington Post article: “How the Trump Administration can continue progress in U.S. housing”. We were struck by your comments that:

“Small non-bank lenders are working hard to fill the void left by the banks, but
they aren’t up to the task. They don’t have the needed capital. This is constraining
FHA lending and increasing risks to taxpayers because the less-well-capitalized
non-bank lenders surely will struggle more in the next housing downturn”.

We are writing to rebut each of these claims and to inquire whether you have any
data or evidence to back them up.  Read More …

CMLACHLA-CMLA Joint Letter to Mark Zandi