CMLA/Joint Statement on GSE Reform Principles

CMLA Advocacy, Legislation

MAIN STREET GSE REFORM COALITION COMMON GSE REFORM PRINCIPLES Introduction For a variety of reasons, the time has come to end the conservatorships of Fannie Mae and Freddie Mac. The nation’s homeownership rate is hovering near a 50-year low, and the gap between the demand for and availability of affordable rental housing continues to widen. [View as pdf] As Congress …

CMLACMLA/Joint Statement on GSE Reform Principles

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

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