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

Nonbanks Dominating FHA Is a Good Thing

CMLA Advocacy, Press Release

By Glen Corso, American Banker, December 16, 2016 Independent lenders, primarily mortgage banking companies, are now the top lenders in the Federal Housing Administration’s mortgage insurance program — surpassing the big banks. Read more …

CMLANonbanks Dominating FHA Is a Good Thing

FHA Meets Minimum Reserve Requirement for First Time Since 2009

CMLA Advocacy, Regulatory

Brooke Anderson-Tompkins, chair of Community Mortgage Lenders of America, a trade group for community- based lenders, said that with its improved health, the FHA should consider reducing premiums again and taking other steps to ease mortgage … read on By Dow Jones Business News,  November 16, 2015

CMLAFHA Meets Minimum Reserve Requirement for First Time Since 2009

CMLA’s Opposition to FHA Fee Makes Front Page News

CMLA Advocacy

CMLA’s opposition to the 4 basis points administrative fee proposed by HUD for all FHA insured loans that may be included in legislation to fund the Federal Government beyond December 11th was featured on the front page of this week’s National Mortgage News.  Here is a link to the story. As previously reported, CMLA learned that HUD had persuaded the Senate Appropriations Committee …

CMLACMLA’s Opposition to FHA Fee Makes Front Page News