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May 17, 2018

CHLA Demands FHFA Correct MI Pricing Disparities, End Volume Discounts

By Carisa Chappell

cchappell@imfpubs.com

The Community Home Lenders Association wrote the Federal Housing Finance Agency Thursday morning asking Director Mel Watt to investigate and put an end to mortgage insurers offering better prices to lenders based on their size or volume when it comes to government-sponsored enterprise loans.

MI pricing disparities have become more prevalent and the CHLA said itís caused a growing concern among their members because it puts small lenders and their borrowers at a disadvantage. †As aÖ

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.

17%

11% to 25%. It’s a challenging market.

48%

25% to 40%. It’s going to be very ugly.

24%

No opinion.

11%