The article discusses the ongoing affordability challenges faced by homebuyers due to high mortgage rates and persistently high home prices. It highlights the significant role of policy-making in mortgage lending and the importance of a detailed agenda from the Community Home Lenders Association (CHLA). Key advocacy efforts have included regulatory streamlining for smaller independent mortgage banks (IMBs), and reforms to improve consumer access to credit and reduce costs. Looking ahead to 2025, the article outlines concerns regarding Fannie Mae and Freddie Mac's potential exit from conservatorship and stresses the need for protections for smaller IMBs.
High mortgage rates combined with high home prices challenge affordability for homebuyers, making effective advocacy in Washington critical for mortgage lending and IMBs.
The CHLA report emphasizes regulatory streamlining and addressing consumer concerns as pivotal for improving access to mortgage credit for homebuyers.
CHLA's advocacy led to significant policy changes, such as replacing repurchase demands with fair indemnification offers from Fannie Mae and Freddie Mac.
As 2025 approaches, CHLA prioritizes protecting smaller IMBs with specific requirements for G Fee parity and preventing new GSE charters for Wall Street banks.
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