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 …
The CMLA’s Written Senate Testimony Concerning The Future Of The US Secondary Market
IMMEDIATEMARCH 26, 2019.THE CMLA WRITTEN TESTIMONY CONCERNING THE FUTURE OF THE US SECONDARY. Chairman Crapo, Ranking Member Brown, and members of the Senate Banking Committee: The CMLA is pleased to submit this written testimony in conjunction with the Committee’s hearings on March 26th and 27th on the future of the US mortgage secondary market. At the outset, the Board notes …
THE CMLA Meets With The CFPB On Loan Officer Compensation Rule and Risk-Based Oversight
On Tuesday, The CMLA met with the CFPB to discuss the Loan Officer Compensation Rule and its effect on midsize and small lenders. In attendance for the CMLA were Kim Curtis, Board Chair of the CMLA and President and CEO of Tidewater Home Funding, David Horne, Legislative Representative for CMLA, and Ed Wallace, Executive Director of CMLA. We presented Jennifer …