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Community Home Lenders of America

Portable credit reports spark debate over costs, feasibility

Community Home Lenders of America, credit report, Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination, VantageScore /

While the mortgage industry lobbies to reduce credit report costs, the idea of allowing borrowers to use the same file across multiple lenders has slowly emerged. In this consumer-controlled portable credit report model, borrowers would authorize the use of a single credit report during their mortgage search across different lenders. The concept mirrors tenant screening […]

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Single-file credit proposal reignites debate over savings vs risks

Bob Broeksmit, Community Home Lenders of America, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

A proposal to replace the longstanding tri-merge credit report with a single-file model has reignited debate over borrower costs and systemic risk, placing trade associations on opposing sides. Supporters argue a single pull would encourage more predictive credit data and reduce systemwide costs without materially increasing risk in some cases, noting that mortgage servicing rights

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Trump heads to Davos with housing ideas as industry looks for concrete fixes

Affordability, Community Home Lenders of America, Donald Trump, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Regulatory, Trump administration /

Housing industry participants will closely watch President Donald Trump in Davos, where he is expected to outline measures aimed at improving housing affordability. His speech is expected for Wednesday. Potential initiatives include ideas Trump has already floated on social media, such as encouraging Fannie Mae and Freddie Mac to expand their purchases of mortgage-backed securities

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ROAD to Housing Act dropped from NDAA, sparking trade group response

Community Home Lenders of America, Congress, House of Representatives, HWmember, Legislation, LendingLife, Mortgage, Mortgage Bankers Association /

The ROAD to Housing Act was left out of the 2026 National Defense Authorization Act (NDAA) in the final House text released Sunday, leaving the mortgage industry to continue pushing for housing provisions into the first quarter of next year.  The bipartisan bill — which includes policies to address housing affordability, boost supply, modernize financing

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Is it possible for the GSEs to exit conservatorship without market disruption?

2025 Mortgage Banking Summit, Community Home Lenders of America, Conservatorship, GSEs, Housing Market, HWmember, Mortgage, Mortgage Bankers Association /

As Fannie Mae and Freddie Mac inch toward a possible release from federal conservatorship, industry leaders on Tuesday discussed potential paths for the government-sponsored enterprises (GSEs), emphasizing the need for market stability and competition. The GSEs’ possible release and the timing of a change is the topic of much speculation. Recent commentary from U.S. Department

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Top 5 IMB priorities for GSEs in a post-conservatorship world

Community Home Lenders of America, Fannie Mae, Freddie Mac, GSE Reform, GSEs, Opinion, Origination, Regulatory /

On Friday, 46 independent mortgage banks (IMBs) jointly sent a letter to Treasury Secretary Scott Bessent and FHFA Director Bill Pulte, laying out priorities for IMBs for a successful Fannie Mae/Freddie Mac exit from conservatorship. Spearheaded by the Community Home Lenders of America (CHLA), the only national group that exclusively represents IMBs, this IMB sign-on

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IMBs urge Treasury, FHFA to preserve guarantee-fee parity

Community Home Lenders of America, Fannie Mae, FHFA, Freddie Mac, HWmember, IMBs, LendingLife, Mortgage, Regulatory /

A coalition of 46 independent mortgage banks (IMBs) is calling for guarantee-fee parity and a competitive cash window in a letter sent Friday to U.S. Treasury Secretary Scott Bessent and Federal Housing Finance Agency (FHFA) Director Bill Pulte.  The push comes as the Trump administration signals plans to move forward with a stock offering for

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NAMB issues support for CHLA white paper on LO compensation

CFPB, Community Home Lenders of America, HWmember, Loan Officer, Mortgage, NAMB, Regulatory, Regulatory Compliance /

The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield

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CHLA offers support for Pulte’s position on FICO pricing

Community Home Lenders of America, Credit Score, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore /

After a statement made last week in condemning the credit-score pricing practices of Fair Isaac Corp. (FICO), Federal Housing Finance Agency (FHFA) Director Bill Pulte is now being complimented for his position by the Community Home Lenders of America (CHLA). CHLA on Tuesday sent a letter to Pulte, saying that FICO “has a clear monopoly

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