CHLA circulated an IMB sign-on letter inviting independent mortgage banks to support policy recommendations for a potential Fannie Mae and Freddie Mac exit from conservatorship. The letter is dated to be sent Sept. 6, 2025, to FHFA Director Bill Pulte and Treasury Secretary Scott Bessent and cites reports of a planned public offering. The letter lists five recommendations: guarantee fee parity and a competitive cash window; prohibit Wall Street bank charters for GSE loans; keep Fannie and Freddie separate under a utility model; maintain critical mortgage products; and purchase mortgage-backed securities to lower rates. CHLA previously led a similar 2020 IMB letter that helped formalize g-fee parity and a cash window in PSPAs.
The Community Home Lenders of America (CHLA) began circulating an independent mortgage bank (IMB) sign-on letter on Wednesday. The document outlines key policy recommendations for a potential exit from conservatorship by Fannie Mae and Freddie Mac, which would protect IMBs and smaller lenders in particular. CHLA is inviting all IMBs to sign on to the letter by completing a form on its website.
We write as independent mortgage banks (IMBs) non-bank mortgage loan originators to identify essential elements of a Fannie Mae and Freddie Mac exit from conservatorship, the letter stated. We do so in the wake of reports that the Trump Administration plans a public offering of these two entities later this year. The letter lists the following five recommendations: Guarantee fee parity and a competitive cash window No Wall Street bank charters for government-sponsored enterprise (GSE) loans
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