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:

CMLA and CHLA Join in Calling for Tiered Regulation of Main Street Lenders Doing Plain Vanilla Mortgages

Rob Zimmer Advocacy, Press Release

Two trade organizations serving only small lenders today jointly called on CFPB Director Mulvaney to apply existing law to help small lenders avoid excessive regulation aimed at larger finance companies and those with poor consumer track records. Joint CMLA CHLA Letter to CFPB Director Mulvaney (2/13/2018) Joint CMLA CHLA Press Release (2/13/2018) A tiered regulatory approach toward community lenders was …

Rob ZimmerCMLA and CHLA Join in Calling for Tiered Regulation of Main Street Lenders Doing Plain Vanilla Mortgages

CMLA Statement on GSE Capital Buffer

CMLA Advocacy, Press Release

“CMLA applauds the action taken today to allow Fannie Mae and Freddie Mac to maintain a capital buffer. The U.S. Treasury and the Federal Housing Finance Agency are to be commended for their foresight in their prudent decision to permit a $3 billion capital buffer for each enterprise,” said Glen Corso, CMLA Executive Director. “This action should help prevent unnecessary …

CMLACMLA Statement on GSE Capital Buffer

CMLA Names Rob Zimmer Acting Executive Director

CMLA Press Release

Search Continues for Permanent Replacement Washington, DC, December 7, 2017 – The Community Mortgage Lenders of America (CMLA), announced today that Rob Zimmer will become Acting Executive Director effective January 1, 2018. (Read as pdf) CMLA Chair Sean O’Neill stated that “the Board of Directors is pleased that Rob agreed to serve as Acting Executive Director. We are confident that …

CMLACMLA Names Rob Zimmer Acting Executive Director

CMLA Executive Director to Retire

CMLA Press Release

The Community Mortgage Lenders of America (CMLA), announced today that Executive Director Glen Corso will retire effective December 31, 2017. (Read more…)

CMLACMLA Executive Director to Retire