Government Affairs

As Congress begins deliberations on a reconciliation bill under the Budget Resolution (H. Con. Res. 14), Community Home Lenders of America (CHLA) is urging lawmakers to protect the cost of homeownership and reject any proposals that raise mortgage fees to fund unrelated federal spending.

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the reintroduction of the Homebuyers Privacy Protection Act in the U.S. House of Representatives and Senate:

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing Purchase (VASP) program:

The Community Home Lenders of America (CHLA) submitted a comment letter to the Federal Housing Administration (FHA). The letter expressed CHLA’s support for an FHA proposal that allows servicers who advance taxes and insurance for delinquent borrowers to be reimbursed during the loss mitigation process. The CHLA letter also made several recommendations on how to implement this proposal.

Days after the confirmation of Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), The Community Home Lenders of America (CHLA) sent a comprehensive letter to Director Pulte, laying out CHLA’s priorities for protecting small IMB mortgage lenders and the GSE affordable housing mission.

The U.S. Senate voted 56-43 to confirm William Pulte as Director of the Federal Housing Finance Agency (FHFA). The bipartisan vote comes quickly after the Senate Banking Committee favorably reported Pulte on a 15-9 vote last week. This move is getting high industry praise. Here’s what has been said:

The Community Home Lenders of America (CHLA) released the following statement in response to HUD’s action, published in the Federal Register – to delay by six months the compliance deadline for a requirement that new homes financed with FHA loans must meet the International Energy Conservation Code (IECC) energy standards for new homes:

The Community Home Lenders of America (CHLA) sent a letter to the Consumer Financial Protection Bureau (CFPB) laying out suggested reforms to streamline CFPB regulation of smaller independent mortgage banks (IMBs).

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking, Housing, and Urban Affairs Committee’s vote on Scott Turner’s confirmation to serve as Secretary of the Department of Housing and Urban Development (HUD):

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans: