Congress Considers TRID Enforcement Moratorium

CMLA Advocacy

Proposed legislation would mandate an enforcement moratorium following the August 1st implementation of the combined RESPA-TILA (TRID) disclosure. The bill, recently introduced, would prohibit both enforcement by the Consumer Financial Protection Bureau (CFPB) as well as by private lawsuits from August 1, 2015 to December 31, 2015 for the TRID regulations. Lenders would still be required to comply with the …

CMLACongress Considers TRID Enforcement Moratorium

Is This Any Way to Run a Mortgage Market?

CMLA Advocacy

Here’s the Right Solution The following is an Op-Ed by CMLA Chair Paulina McGrath that appeared yesterday on Housing Wire: Fannie Mae and Freddie Mac are especially vulnerable to losses from financial market volatility today because their existing capital cushions are extremely low. These Government Sponsored Enterprises or GSEs were the focus of the largest housing Federal bailout in history. …

CMLAIs This Any Way to Run a Mortgage Market?

CMLA Calls on Congress to Streamline Regulations

CMLA Advocacy, Press Release

Congress should streamline regulations for community-based mortgage lenders, banks and non depository lenders alike, to keep consumer costs as low as possible and preserve a wider array of choices among lenders to serve homebuyers’ financing needs. In Congressional testimony today, the Community Mortgage Lenders of America (CMLA) proposed a series of measures that could accomplish this goal. (read more)

CMLACMLA Calls on Congress to Streamline Regulations