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

CMLA Statement on White House Nomination of Brian Montgomery

CMLA Advocacy, News Brief, Regulatory

The following is a statement from the Community Mortgage Lenders of America (CMLA): “CMLA welcomes the White House announcement that President Trump will nominate Brian Montgomery as Assistant Secretary of the Department of Housing and Urban Development, FHA Commissioner. We urge the Senate to act quickly on his nomination. Mr. Montgomery commands a strong grasp of the mortgage market and …

CMLACMLA Statement on White House Nomination of Brian Montgomery

As capital dwindles, trouble looms for Fannie Mae and Freddie Mac

CMLA Advocacy, Regulatory

Federal Housing Finance Agency (FHFA) Director Mel Watt recently delivered two direct messages to Congress: First, it is dangerous to operate the two institutions that undergird half of the U.S. mortgage market and support over $5 trillion in mortgage backed securities with little to no capital. Second, as the safety and soundness regulator, he intends to take steps to reverse …

CMLAAs capital dwindles, trouble looms for Fannie Mae and Freddie Mac

CMLA Statement on Mel Watt Testimony before Senate Banking Committee

CMLA Advocacy, Regulatory

CMLA issued the following statement regarding FHFA Director Mel Watt’s May 11, 2017 testimony before the Senate Banking Committee: CMLA applauds FHFA Director Mel Watt’s testimony to Congress today that operating Fannie Mae and Freddie Mac with virtually no capital posed a safety and soundness issue that he, as prudential regulator, needed to address. We urge Director Watt to immediately …

CMLACMLA Statement on Mel Watt Testimony before Senate Banking Committee

CMLA Calls for Suspension of GSE Dividends

CMLA Advocacy, Regulatory

The Community Mortgage Lenders of America (CMLA), in a joint letter to Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency (FHFA) Director Mel Watt, called for the suspension of the quarterly dividends being paid by Fannie Mae and Freddie Mac to the U.S. Treasury, in order to allow the housing finance entities to begin rebuilding their dwindling capital reserves. read more>>> CMLA …

CMLACMLA Calls for Suspension of GSE Dividends