THE CMLA

The Community Mortgage Lenders of America is the voice of small mortgage lenders--both nonbanks & banks-- serving the home loan needs of their local consumers.

[THE CMLA @the_CMLA]

Same mission, more reach.

Ready.

[National Mortgage News @NatMortgageNews]

"We ultimately concluded that we'd be a more powerful and effective organization because now we have more members, more resources," Scott Olson, executive director of the combined groups, said. @the_CMLA, @CHLAssociation

By @NMNBrad
https://t.co/DdSGanV9lq

[THE CMLA @the_CMLA]

Let's see: @FHAgov premiums too high relative to risk, @DeptVetAffairs mortgages premiums too high; @FannieMae & @FreddieMac capital rules still too rich for actual risk.

Qualifying HHs unfairly kept from owning, which exacerbates rental price pressures!

https://t.co/FlEPakfuRv

[THE CMLA @the_CMLA]

It's past time to act.

[InMortgageFinance @IMFpubs]

The mortgage industry has recently stepped up its calls for an MIP reduction. In a letter to HUD Secretary Marcia Fudge earlier this month, @the_CMLA shared “deep concern and disappointment” that FHA premiums “remain too high relative to actual risk.” https://t.co/fDZS3TL2PK

[National Mortgage News @NatMortgageNews]

"If they don't make a change here, they're redlining qualified families out of a chance to avoid ever escalating rents," said Rob Zimmer of @the_CMLA

By @NMNBrad

https://t.co/6ogM7myVLK

[THE CMLA @the_CMLA]

No question.

[National Mortgage News @NatMortgageNews]

"If they don't make a change here, they're redlining qualified families out of a chance to avoid ever escalating rents," said Rob Zimmer of @the_CMLA

By @NMNBrad

https://t.co/gDMxm77zxa

[THE CMLA @the_CMLA]

"'If you're overpricing access to homeownership money, you are price redlining people out,' Zimmer said. 'If they don't make a change here, they're redlining qualified families out of a chance to avoid ever escalating rents.'"https://t.co/NmaZP9AjN5

[THE CMLA @the_CMLA]

"it remains part of America’s housing problem because it will be price-redlining, refusing credit to certain families for no actuarial reason. That many of these same families are the ones the Administration claims to want to help strikes us as sadly tragic."

[THE CMLA @the_CMLA]

"Once upon a time the Federal Housing Administration was a part of America’s housing problem because it redlined overtly, refusing credit at any price to certain deserving families for reasons that had nothing to do with safety and soundness. Now--if the FHA fails to move here--

[THE CMLA @the_CMLA]

"All the talk of combating housing market unfairness, housing market divides, giving families a fair foot forward, must be set aside if in fact Washington fails to get homeownership pricing policy correct." @HUDgov @FHAgov

[THE CMLA @the_CMLA]

Credit scoring industry must do better.

https://t.co/uahKGtXFxz

[THE CMLA @the_CMLA]

CMLA statement on the 2021 MMIF report shows that @HUDgov can reduce premiums today to help working Americans–and still have plenty of money available to protect the program.

Why not help them TODAY?

[THE CMLA @the_CMLA]

This means that despite Washington’s good intentions about helping the largest-ever cohort of people (“Echo Baby Boomers,” also the most diverse cohort ever), actual results will always fall short. @NatMortgageNews
@FHFA @USTreasury @HUDgov @VAVetBenefits @FannieMae @FreddieMac

[Rob Zimmer @RobTVDC]

Wealthy Washington's hypocrisy on housing premiums must stop https://t.co/DSJxv7nPq5

[THE CMLA @the_CMLA]

Especially as there was NEVER any public discussion or justification for this cash window limit policy....it just came down from the skies unannounced, unvetted, unjustified. @IMFpubs

No way to run the world's largest mortgage finance market.

[InMortgageFinance @IMFpubs]

.@the_CMLA commended FHFA and Treasury for suspending the controversial PSPA provisions. The trade group was particularly pleased by the decision to end the limits on the GSEs’ cash window purchases. https://t.co/6oxEnq5He1

[THE CMLA @the_CMLA]

Homes for Every Local Protector, Educator, and Responder (HELPER) Act...it's worth a look! (HR 3172)

We'll be talking more about this in the near future.

Pls pass the word along in the meantime?

[THE CMLA @the_CMLA]

CMLA on @FHFA and @USTreasury announcement of PSPA changes affecting @FannieMae and @FreddieMac

[THE CMLA @the_CMLA]

To pay for highways, Congress should look to highway user fees. Not place a regressive housing tax on working Americans to the tune of $21 BILLION dollars.

The CMLA cannot support an Infrastructure Bill that punishes American homebuyers of modest incomes.

It's bad policy.

[THE CMLA @the_CMLA]

Worth a read

[Independent Community Bankers of America @ICBA]

Read ICBA's reaction to today's @FHFA's announcement regarding the elimination of an ICBA-opposed fee on refinance loans delivered to @FannieMae and @FreddieMac.➡️https://t.co/3eyGxZjAK4

[THE CMLA @the_CMLA]

CMLA commends @FHFA announcement today on the end of the 50 bps refi fee...

[THE CMLA @the_CMLA]

Let us give you a voice! #TheCMLA is here to ensure your interests are heard. Watch this video to learn more about becoming a member with us. https://t.co/Ufj3UC6f1U

[THE CMLA @the_CMLA]

With the massive overhaul to the #CFPB taking place, a surge in new regulations is already making way. Are you worried you will be unfairly fined or forced to comply? At #TheCMLA we represent and protect the interest of our members… we give you a voice! https://t.co/cnAkE76fmJ