WASHINGTON, D.C. – The Federal Housing Finance Agency (FHFA) has recently announced it will increase the capital of Fannie Mae and Freddie Mac to levels that will protect taxpayers and greatly reduce the risk of a future bailout. The Main Street GSE Reform Coalition, representing affordable housing advocates, civil rights organizations, small and mid-sized lenders, and homebuilders, believes that the …
The CMLA Calls on US Senate to Protect Veterans Buying Homes From Becoming De Facto Congressional Piggy Banks.
WASHINGTON, D.C. – The Community Mortgage Lenders of America today released the following statement: Over many years we have consistently worked to ensure that housing guarantee fees for all federal programs not be used to plug budget holes for non-housing programs. Families pay these funding fees as insurance premiums to ensure that these valuable housing programs do not cost taxpayer …
The CMLA says Congress has gone too far in taxing younger veterans, active-duty personnel for VA home mortgages
WASHINGTON, D.C. – The Community Mortgage Lenders of America today released the following statement: Over many years we have consistently worked to ensure that housing guarantee fees for all federal programs not be used to plug budget holes for non-housing programs. Families pay these funding fees as insurance premiums to ensure that these valuable housing programs do not cost taxpayer …
CMLA Members Meet With CFPB Director Kraninger
WASHINGTON, D.C. – Yesterday, members of The Community Mortgage Lenders of America met with Director Kraninger and key staff to discuss four (4) specific topics. The interactive discussions were focused on: Tiered Regulation for IMBs LO Compensation Rule Safe Act, Licensing Bank LOs QM Patch and Transition The focus of the meeting was to give CMLA members the opportunity to …
The CMLA Joins ALTA To Stop Real Estate Wire Fraud
WASHINGTON, D.C. – The Community Mortgage Lenders of America has joined forces with the American Land Title Association in the fight to stop real estate wire fraud. The Coalition to Stop Real Estate Wire Fraud aims to raise awareness of and educate homebuyers, real estate and mortgage professionals, and policy makers about the urgency of the problem; provide concrete …