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 …
THE Community Mortgage Lenders of America Again Calls Out The Urban Institute For Corporate-Backed Lobbying
WASHINGTON, D.C. – The Urban Institute, once a pre-eminent Think Tank launched by the Johnson Administration to serve the needs of our cities, has increasingly devolved into a corporate-backed lobby that serves its big bank and big finance clients to the detriment of our nation’s urban populations. As part of its big finance agenda, it has repeatedly maligned the …
The CMLA writes letter to Chairwoman Waters and Ranking Member McHenry regarding Committee on Financial Services Hearing “Housing In America: Assessing the Infrastructure Needs Of America’s Housing Stock”
To: The Honorable Maxine Waters, Chairwoman The Honorable Patrick McHenry, Ranking Member U.S. House of Representatives Committee on Financial Services 2129 Rayburn House Office Building Washington, D.C. 20515 Date: May 3, 2019 Madam Chairwoman Waters …
The CMLA Loan Officer Compensation National Call To Action
May 1, 2019 The Honorable Kathy Kraninger Director Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Dear Director Kraninger, The Community Mortgage Lenders of America, it’s members, and other industry participants are writing to urge the Consumer Financial Protection Bureau (CFPB) to make changes to its Loan Originator Compensation (LO Comp) Rule necessary to help consumers …