Community Home Lenders of America (CHLA)

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

Trade group says the loss of experienced Rural Housing Service staff could complicate delegated underwriting, lender onboarding, and program guidance

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting