AN OPEN LETTER TO THE ADMINISTRATION AND CONGRESS A DEFINING MOMENT FOR HOUSING FINANCE: THE NEED TO PRESERVE ACCESS AND AFFORDABILITY

Ed Wallace Advocacy, News Brief, Press Release, Regulatory

AN OPEN LETTER TO THE ADMINISTRATION AND CONGRESS A DEFINING MOMENT FOR HOUSING FINANCE: THE NEED TO PRESERVE ACCESS AND AFFORDABILITY                                                                               …

Ed WallaceAN OPEN LETTER TO THE ADMINISTRATION AND CONGRESS A DEFINING MOMENT FOR HOUSING FINANCE: THE NEED TO PRESERVE ACCESS AND AFFORDABILITY

INDUSTRY VETERAN MATTHEW CLARKE ELECTED TO THE COMMUNITY MORTGAGE LENDERS OF AMERICA BOARD

Ed Wallace Press Release

21 August 2018 IMMEDIATE Contact: ED WALLACE, PhD, EXECUTIVE DIRECTOR, 770-330-5176 ROB ZIMMER, DIRECTOR EXTERNAL AFFAIRS, 202-494-4551 INDUSTRY VETERAN MATTHEW CLARKE ELECTED TO THE COMMUNITY MORTGAGE LENDERS OF AMERICA BOARD THE Community Mortgage Lenders of America’s (THE CMLA) Executive Director, Ed Wallace, PhD, announced today that THE CMLA Board elected Matthew Clarke to its Board of Directors. “Matt is a …

Ed WallaceINDUSTRY VETERAN MATTHEW CLARKE ELECTED TO THE COMMUNITY MORTGAGE LENDERS OF AMERICA BOARD

CMLA Urges CFPB to Put Dodd-Frank Law Into Practice on Risk-Based Supervision of Community Lenders

Rob Zimmer Advocacy, Press Release

(Read as pdf) THE CMLA LENDERS JOIN GRASSROOTS EFFORT URGING CFPB TO PUT DODD-FRANK LAW INTO PRACTICE ON RISK-BASED SUPERVISION OF COMMUNITY LENDERS Community lenders from across the country have written the Consumer Finance Protection Bureau (CFPB) urging that agency to put into practice a provision of law requiring risk-based supervision of independent mortgage bankers (IMBs).  The CFPB has a statutory …

Rob ZimmerCMLA Urges CFPB to Put Dodd-Frank Law Into Practice on Risk-Based Supervision of Community Lenders

THE CMLA Board Announces Hiring of New Executive Director to Lead Trade Group of Community Lenders

Rob Zimmer Press Release

The Community Mortgage Lenders of America’s (THE CMLA) incoming Chair, Kim Curtis, announced today THE CMLA Board has selected Ed Wallace, a longtime mortgage lending executive, to succeed retired Executive Director Glen Corso.  Mr. Wallace will lead THE CMLA into its second decade representing Main Street mortgage lenders. [Download pdf] “Ed Wallace is the candidate we knew we wanted before …

Rob ZimmerTHE CMLA Board Announces Hiring of New Executive Director to Lead Trade Group of Community Lenders

Statement by CMLA Executive Director (Acting) Rob Zimmer on recent Brookings/NY Fed paper on non-banks and the mortgage marketplace today:

Rob Zimmer Press Release

“This paper is short on data, as its authors admit, and community lenders view it as long on conjecture.” The paper contains a basic error so glaring it casts doubt on the paper’s overall academic rigor; namely, it states more than once that VA mortgage lending, and thus non-bank lenders’ presence in this field, constitutes its own marked risk factor. …

Rob ZimmerStatement by CMLA Executive Director (Acting) Rob Zimmer on recent Brookings/NY Fed paper on non-banks and the mortgage marketplace today: