Affordable Housing Advocates & Small Lenders Join Together in Applauding Dir. Mel Watt Commitment to Shoring Up the Reserves at Fannie Mae and Freddie Mac As representatives for small lenders and affordable housing advocates, we are buoyed by the insistence last Thursday by Director Mel Watt as conservator of Fannie Mae and Freddie Mac that they must rebuild their capital …
CMLA Statement on Mel Watt Testimony before Senate Banking Committee
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 …
CMLA Calls for Suspension of GSE Dividends
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 …
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 Opposes Piecemal GSE Reform
Coalition Letter Urges Congress to avoid Funding Bill Riders Washington, DC, September 20, 2016 – The Community Mortgage Lenders of America (CMLA), in a joint letter with civil rights organizations, affordable housing groups and business groups, urged Congress to avoid piecemeal reform of Fannie Mae and Freddie Mac through riders to year end funding bills or other must pass legislation. (View this release …