We read with some interest your recent Washington Post article: “How the Trump Administration can continue progress in U.S. housing”. We were struck by your comments that: “Small non-bank lenders are working hard to fill the void left by the banks, but they aren’t up to the task. They don’t have the needed capital. This is constraining FHA lending and …
CMLA-CHLA Opinion Article “No, the Future of GSEs is Not a Sideshow”
“No, the Future of Fannie and Freddie Is Not a Sideshow”, By Glen Corso and Scott Olson, National Mortgage News, December 28, 2016
CMLA Applauds Community Mortgage Lenders Regulatory Act of 2016
Washington, D.C., July 18, 2016 – The Community Mortgage Lenders of America (CMLA) today applauded Rep. Roger Williams (R-TX) for introducing legislation that will bring common sense to regulatory oversight of small, community-based mortgage lenders. CMLA has called for equitable regulatory treatment of small lenders and the H.R. 5907 Community Mortgage Lenders Regulatory Act of 2016 would achieve that. (Executive …
Freddie Reports Loss–CMLA Renews Call for GSE Recap
CMLA Executive Director Glen Corso, in a statement released to the media, said: “On behalf of our small- and independent mortgage lender members, the CMLA urges FHFA Director Mel Watt to immediately address the risk posed by inadequate capital for Fannie Mae and Freddie Mac. Running a major portion of the U.S. housing finance system on a diminishing level of …
CFPB Agrees to Issue Written TRID Guidance
The Consumer Financial Protection Bureau (CFPB) today agreed to issue written, legally binding guidance on TRID questions and issues. The agreement came in the form of a letter to Lender Trade Organizations stating that CFPB will issue a proposed rule in July that will incorporate much of the guidance they have already provided the industry on an informal, non-legally binding basis. CMLA …