First, it was Senator Brown (Ohio –D): “Small lenders are often the ONLY lenders willing to go the extra mile to underwrite mortgages in areas too often left behind by Washington and Wall Street.”
Then, it was Senator Warren (Mass – D): “We can’t have a thriving mortgage market if small lenders don’t have access, and the big guys do.”
👇Watch the Video below 👇
Senator Warren addressed another important objective of the Community Home Lenders Association (CHLA) regarding equal access to the market. Should the housing reform laws prohibit Big Banks from operating in both the primary and secondary mortgage markets? If the Senate does not take my testimony into consideration and Big Banks continue to dominate both markets, it will result in “the opening of Pandora’s box.”
Exciting things are ahead! Click here to read my full testimony.
Like what you see? Click here to watch more!
William Giambrone
President and CEO, Platinum Home Mortgage
President, Community Home Lenders Association
BOT and Director of Finance Lake Forest Country Day School
Member, Rolling Meadows Economic Develop Committee
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