#independent-mortgage-banks

#independent-mortgage-banks

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 letter laid out five key recommendations designed to maintain a level playing field, maintain consumer choice, protect smaller lenders and promote healthy competition.

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.