Well, he’s hitting the road again with some pretty hard hitting talk about making the $10,000 homebuyer tax credit a reality for potentially 20,000 California home buyers.
Following is the video posted on the Governor’s website as well as all of the important excerpts regarding the credit from his speech….if you’re a “cliff notes” person like [...]
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Governator Pushing New Homebuyer Tax Credit For Californians
NAMB / HUD Webinar Replay:
Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement Statement.
There are three main areas of regulation and updates that mortgage brokers have to pay attention to [...]
NAMB Joins Forces With Other Financial And Real Estate Industry Associations To Support Biggert's Proposal For HUD's Revised RESPA Rule
via: NationalMortgageProfessional.com
In an Oct. 14 letter to the U.S. Committee on Financial Services, Reps. Barney Frank and Spencer Bachus, the National Association of Mortgage Brokers (NAMB), along with the American Bankers Association, Consumer Bankers Association, Consumer Mortgage Coalition, Financial Services Roundtable, Housing Policy Council, Mortgage Bankers Association, National Association of Federal Credit Unions and the Real Estate Services Providers Council Inc., have shown their support [...]
Emergency State of the Union with NAMB Prez Jim Pair – Oct 1st at 12noon EST, 9am PST
I try very hard to read all the blogs, watch the TBWS Daily Show, follow NAMB’s regulatory updates, etc. Still, I have to admit that I’m more confused by what’s coming down the pike than ever. How bout you?
YSP is going away come January 2010 – or isn’t it?
FHA lending will become more accessible for third party originators [...]
A Must Read Guest Column on the New GFE and Elimination of YSP
Here’s a well articulated email I received today from mortgage professional Jon Bodan of The Perpetual. I think we should all read, discuss, distribute and act upon it:
This is insane!!! (MG notes: This link was provided on LoanToolBox forum courtesy of Jim Sahnger. You’ll find what Jon’s referring to on p. 43240 and 43241).
You need to send this to [...]
Work With Your Real Estate Agents To Fight HVCC
Even though we’ve still got work to do, I want to give props to all of the loan officers who have created some noise online about HVCC.
Since our real estate agents are impacted by the Home Valuation Code of Conduct (HVCC) as well, I’d like to share an example of how loan officers can work [...]
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