CMLA Urges Specific, Narrowly-Scoped Changes for GSE Reform

CMLA Advocacy, Legislation, Press Release, Testimony

Testimony says most of GSE Reform has already been accomplished Washington, DC, July 20, 2017 – In testimony before the Senate Banking Committee, the Community Mortgage Lenders of America (CMLA) urged Congress to enact narrowly-scoped, targeted legislation to complete the job of housing finance reform, and urged administrative action by the Federal Housing Finance Agency (FHFA) to set capital standards and oversee the recapitalization …

CMLACMLA Urges Specific, Narrowly-Scoped Changes for GSE Reform

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 Objects to MBA, ABA Call to Ignore Dwindling GSE Capital, Defer to Congress on GSE Reform

CMLA Advocacy, Press Release

Congressional Action Will Not Come Before GSEs Reach Zero Reserves  In a June 8 letter to Watt, a group of the largest housing related trade associations said he should wait on Congress to enact GSE reform legislation. The Mortgage Bankers, the American Bankers and the National Realtors and Home Builder Associations said a “piecemeal approach to reform” (i.e. immediate building …

CMLACMLA Objects to MBA, ABA Call to Ignore Dwindling GSE Capital, Defer to Congress on GSE Reform

Freddie Reports Loss–CMLA Renews Call for GSE Recap

CMLA Press Release, Regulatory

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 …

CMLAFreddie Reports Loss–CMLA Renews Call for GSE Recap

A Revolving Door Helps Big Banks’ Quiet Campaign to Muscle Out Fannie and Freddie

CMLA Legislation, Regulatory

Gretchen Morgenson,  of the New York Times,  undertakes a thorough examination of the revolving door shaping the future of Fannie Mae and Freddie Mac.  The article appeared in the New York Times on December 7, 2015, but you can read it here — “A Revolving Door Helps Big Banks’ Quiet Campaign to Muscle Out Fannie and Freddie”

CMLAA Revolving Door Helps Big Banks’ Quiet Campaign to Muscle Out Fannie and Freddie