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| On January 1, 2009, NAMB dues rates increased. But, thanks to the CAMB and NAMB Leadership, NAMB agreed to extend CAMB's early renewal to March 31, 2009. CAMB dues values are not increasing; only the NAMB portion of your dues is increasing. Please remember to remit your dues to the CAMB office.
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We are We are protecting your business! Defend the Mortgage Industry Contribute to CAMB's Legislative Fund. Brochure and Contribution Form Your Help to Fight Battles.
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Become a CAMB Champion
CAMP Submits Official Comment on Proposed FHA ChangesCAMP submitted comments to the initiatives set forth in HUD’s proposed Federal Housing Administration Risk Management Initiatives: Reduction of Seller Concessions and New Loan-to-Value and Credit Score Requirements. These comments reflect CAMP’s assessment of the ability of HUD’s proposed changes to meet FHA’s three equally important responsibilities: 1.) providing homeownership opportunities to responsible borrowers, 2.) supporting the housing market during difficult economic times, and 3.) ensuring the health of the FHA Mutual Mortgage Insurance Fund. CAMP’s Complete and Official Comments Docket No. FR–5404–N–01: Federal Housing Administration Risk Management Initiatives: Reduction of Seller Concessions and New Loan-to-Value and Credit Score Requirements Link. |
Press ReleaseMortgage professionals help California homebuyers keep the upper hand in FHA lending SACRAMENTO, CA – This week the California Association of Mortgage Professionals (CAMP) submitted official comments to the Department of Housing and Urban Development (HUD) to protect California homebuyers ability to participate in the Federal Housing Administration (FHA) loan program. As the FHA focuses on restoring the Mutual Mortgage Insurance Fund capital reserve account and tightening lending guidelines that present factors of risk, CAMP steps to the forefront of the matter to provide input on how these changes will impact California’s homebuyers... Click here to read more. |
CAMP Welcomes Our First Platinum PartnersThe California Association of Mortgage Professionals (CAMP) is pleased to announce the execution of the Platinum Partners membership agreement. CMG Mortgage, Inc., First California Mortgage Company, Inc., Plaza Home Mortgage, Inc., and Pinnacle Capital Mortgage Corporation have agreed to join CAMP at the Platinum Partners level, seeking to support the efforts of the association at its highest level. CAMP’s Platinum Partners Press Release |
H.R. 4173 Documents
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Benefit for CAMP Members… Stay on top of mortgage securities with live market action! Get free daily updates, open/closing market info and market moving events calendar. Additional information, market alerts to your cell phone and market expertise available to CAMP members at only $25 - $35 per month. This feature will pay for itself with one locked loan BEFORE the market changes! “We designed MBSQuoteline.com to help you, the mortgage professional, make better lock/float decisions, and be an expert in your field. Members, log in to see more. |
Special Membership Pricing! New CAMP Membership Application Click Here Interested in more of CAMP Member Benefits click here |
Update on Truth and Lending and a Thanksgiving idea on building your business!
Watch Video Click here
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Understanding the S.A.F.E. Act Missed the August 19th webinar, or just need to listen to it again? Here it is! |
S.A.F.E. Act Federal Test Prep Course and Test Simulator Safe Act course and webinar calendar. Click here to register. CAMP members receive a 30% discount. Log-in to the "members only" page and follow the links to receive your discount. Not a member? Sign up today! Click here to download your
membership application. |
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S.A.F.E. Act Webinar Series
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Our New Broker/Banker |
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Support changes to H.R. 4173 to ensure ethical, responsible, and qualified mortgage brokers can still help consumers with their mortgage lending needs. June 10, 2010 Dear Representative: As Congress finalizes H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, the California Association of Mortgage Professionals (CAMP) respectfully requests your assistance in ensuring the final bill contains a balanced policy regarding the compensation of mortgage originators. Read more... CAMB GA Team-Proposed Rule Overview The new TIL rules will apply to loans on all real property or dwellings Loan Originator Payment Changes Loan originator: anyone who gets paid by arranging a loan other than creditor who uses warehouse line. A broker is a loan originator who is not a w2 employee of the creditor. Loan originator payment
An Important Announcement from the November 2, 2009 The August 26, 2009 Federal Reserve Proposed rule change could dramatically affect your business and business model. Additionally, the Fed proposal will affect borrowers, possibly making it more expensive for homeowners with smaller loans to finance their mortgage. Read more... Contact House Financial Services Committee Members Today
Governor Signs New Mortgage Bills AB 260 – Oppose unless amended In past years, we have been tremendously successful in working with the legislature to arrive at bills CAMB believed were generally beneficial to California consumers. However, during this cycle, we believe the California consumer has suffered two losses: CAMB GA Team-Proposed Rule Overview The new TIL rules will apply to loans on all real property or dwellings Loan Originator Payment Changes Loan originator: anyone who gets paid by arranging a loan other than creditor who uses warehouse line. A broker is a loan originator who is not a w2 employee of the creditor. Loan originator payment
HVCC - CTA Follow-up (June 17, 2009) The Home Valuation Code of Conduct (HVCC) has cast a shadow over the lending process, increasing costs to consumers in the form of higher fees, poor valuations, and slower turn times. Please help us continue to expose the error of this system to national leaders and to grow public support for change by sharing your HVCC experiences as directed in the NAMB communication below. If you believe the HVCC is harming your customer, you must join us in keeping up the pressure to replace the HVCC with a system that brings value to consumers. Please forward this message to anyone who is feeling the taxing affects of the HVCC. | Read More HVCC (Home Valuation Code of Conduct) Please complete our survey. We need to hear about your experiences with the new appraisal process known as HVCC and more importantly our State and Federal Regulators and Legislators need to hear real-life examples of HVCC. Please take a few moments to complete our survey. Go to Appraisal/HVCC Survey and tell us about your appraisal experience. This survey is designed for Consumers, Appraisers, Mortgage Professionals, and Realtors to complete. CAMB has sponsored an HVCC (Home Valuation Code of Conduct) Web site address www.PropertyUnitesUs.com where you, your clients, consumers, Realtors®, appraisers, loan originators and builders can find out more about this new regulation and post real life examples of how consumers are being negatively impacted by the HVCC. The Home Valuation Code of Conduct (HVCC) limits freedom of choice without protecting the consumer’s or investor’s best interest! We know you have all sorts of examples of higher costs, poor service, lack of portability (inability to use one appraisal for more than one lender), poor quality of appraisals, and inability to make corrections to inaccurate information. Please make your voices heard. HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit HR 1728 Update Call to Action--HVCC Follow-up CAMB Call to Action--HVCC--April 17, 2009 Advance Fee Agreement Essential Elements Document from the DRE. | Read More CAMB State Bill Positions Letters
CAMB Call to Action--HVCC Appraisal Agreement Contact your U. S. Representative today to sign the letter being circulated by Rep. Gary Miller asking House Leadership to prevent a decrease in the loan limit levels. | Read More Contact your U. S. Representative and U. S. Senators today to let them know that a decrease in the FHA and GSE loan limits will further depress our housing markets (Click here to see the new loan limits for your county in 2009.) Final RESPA Rule from HUD Statement of Speaker Bass on Foreclosure Crisis Plans for Special Legislative Session Treasury Secretary Paulson’s remarks on the Financial Rescue Package and Economic Update CAMB Testimony for the September 6, 2008 House Financial Services CAMB is Working for you at the State Capitol! Thanks to CAMB Efforts, Loan Limit Increase Letter Receives Almost Unanimous Support by California Delegation [Posted 7.25.08] Regulation Z HUD is About to Finalize a New RESPA Rule
updated 08/10/2010 |
Defend the Mortgage Industry Contribute to CAMB's Legislative Fund. Donate Today! Brochure and Contribution Form CAMB Needs Your Help to Fight These Legislative Battles.
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