We have a unique concept.

MLB Residential Lending serves the lending needs of home buyers, home owners, real estate professionals and builders. Our staff are passionate about assisting others in fulfilling the American Dream of home ownership, making the process as simple as possible. As a community-focused lender, MLB frequently and consistently contributes to the well-being of our communities, donating to charitable organizations and engaging in the growth and development of a fair market for homebuyers.

Our leader and CEO, Samuel P. Lamparello, plays an integral role in The Community Home Lenders Association (CHLA).  The primary goal of the CHLA is to be a distinct national voice and advocate, for small and mid-sized, non-bank lenders across the United States. The CHLA is diligently working towards creating a fair and equal regulatory environment for small non-bank lenders. Bringing parity into the market creates competition, which ultimately benefits the consumer.

 

The picture below of CHLA members, was taken outside the White House. MLB is a community lender that cares! 

 

Balanced CFPB Enforcement for Community Lenders

In April, the CHLA wrote the CFPB to press for more balanced regulation and enforcement policies for small non-bank mortgage lenders – making policy recommendations to give smaller lenders a chance to correct problems prior to CFPB enforcement actions, and suggestions to improve compliance guidance.

Making Sure the GSEs Work for Community Lenders

* In May, the CHLA led a coalition of small lender/consumer groups in a letter to FHFA Director Watt, urging suspension of dividend payments to Treasury, to build capital and avert a credit contraction resulting from a Treasury draw. * In late May, a CHLA Op-Ed published in both the American Banker and National Mortgage News strongly opposed Congressional efforts to turn the Common Securitization Platform (CSP) over to the big banks and also opposed up-front risk sharing that could harm CHLA Members’ ability to securitize loans.

House Passage of Transitional Licensing Legislation

In May the House passed, by voiced vote, a strong Transitional Licensing bill – which was an outgrowth of legislation introduced, three years ago, by SAFE Act author, Rep. Spencer Bachus and was developed in collaboration with CHLA.

 Fighting for Another Reduction in FHA Premiums

CHLA started 2016 with a letter to the Administration calling for a second round of FHA premium cuts and an End-to-Life of Loan premiums. National Mortgage News noted CHLA’s leadership on the issue – in contrast to MBA’s opposition. In June, Compass Point Research raised the odds of a fee cut this year to 60%.