Government Affairs

The Community Home Lenders of America (CHLA) and the Mortgage Bankers Association (MBA) both released statements in response to FHFA Director Pulte’s announcement that Fannie Mae and Freddie Mac would open up VantageScore to all lenders.

A federal judge blocked a HUD plan that would have radically altered a decades-old fair housing grant program and defunded more than 100 private, community-based nonprofit fair housing enforcement organizations, which between them handle three in four housing discrimination complaints filed in this country. HUD’s plan would have caused some fair housing organizations to go out of business and others to lay off staff, significantly reducing their services to people experiencing discrimination and housing insecurity.

The Community Home Lenders of America (CHLA) last week sent a letter to the Federal Housing Finance Agency (FHFA) commenting on FHFA’s proposal to streamline approval of new Federal Home Loan Bank (FHLB) activities:

The Community Home Lenders of America (CHLA) today submitted formal comments in response to the CFPB’s “Request for Information regarding Promoting Access to Mortgage Credit,” in order to implement the President’s Executive Order on Mortgages.

The National Fair Housing Alliance (NFHA), the country’s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination, and the Massachusetts Fair Housing Center, the oldest, nonprofit fair housing organization in Massachusetts, filed a lawsuit against the U.S. Department of Housing and Urban Development (HUD) to halt the agency’s latest attempt to dismantle the primary funding program used to support fair housing in the country. If allowed to stand, the changes will leave everyday people in communities nationwide with little recourse to combat illegal housing discrimination.

After much drama in Washington, DC about if President Trump would or would not sign the ROAD Act, the bill has finally become law, even though President Trump, in the end, refused to put his signature on the bill. But is it a historic piece of legislation or a “yawn” as President Trump has said. Here’s what the industry thinks:

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement after the Senate passed its latest amended version of the 21st Century ROAD to Housing Act:

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Federal Housing Finance Agency’s (FHFA) and Fannie Mae’s and Freddie Mac’s (the GSEs) release of historical credit score data for VantageScore 4.0 and FICO 10T adoption:

The Community Home Lenders of America (CHLA) released an Addendum to their 2024 White Paper on Mortgage Credit Score Markets and Pricing that expresses concerns about proposals to create a single credit bureau pull model.

The Community Home Lenders of America (CHLA) sent a letter to the House Veterans Affairs Committee, on the eve of a committee markup of H.R. 6047 – opposing proposed VA mortgage fee hikes proposed in the bill as an offset to fund other veterans benefits.