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Monthly Newsletter
Friday, April 21st, 2017
 
 
 
 
 
In This Issue
  1. Ocwen Updates
  2. Home Buyers' Regrets
  3. CFPB Update
  4. Membership Benefit of the Month
  5. Upcoming Events



 
 
Ocwen Updates
Following Ocwen's February settlement with the California Department of Business Oversight, for $225 million in fines and loan forgiveness to harmed borrowers, Ocwen has just been sued by the Consumer Finance Protection Bureau and has been issued cease and desist orders from numerous states.

To read more on the subject, please visit Mortgage News Daily or the Los Angeles Times.


Home Buyers' Regrets
Mortgage Originators work exceptionally hard on our transactions.  Between closing them on time, answering every question, and ensuring client and realtor satisfaction, Mortgage Originators put in an incredible amount of energy to their jobs and it's more than just a paycheck.

Here's a sneak peek into the questions and concerns they have to handle on a daily basis.



CFPB Update

For years, legislators had discussed making sweeping changes to, or even abolishing, the Consumer Finance Protection Bureau.  In the last few months, however, some of them have finally taken action.  It's still early in the process and at this point, broad changes could be coming, or it could wind up exactly as it is now.  Keep your eyes and ears open for any news and, if you hear the phrase "public comments" at any point, chime in!

For more information, click here.


Membership Benefit of the Month
There are many advantages to being a member of CAMP.

One of these benefits is Kistner Insurance Services. 


A variety of plans available from a choice of two carriers: Kaiser and Western Health Advantage. Vision insurance benefits through Medical Eye Services are available as well as dental insurance through Delta Dental.

Learn more here.


Upcoming Events
THIS WEEK: NAMB presents 2017 Legislative and Regulatory Conference from April 21st - April 25th at the J.W. Marriott in Washington, D.C.  Click here for more information.

San Francisco Peninsula CAMP will be going to the Giants vs Padres baseball game on Sunday, April 30th at AT&T Park in San Francisco.  We will meet at Pete's Tavern at 128 King Street prior to the game.  Tickets are limited, the game is sold out (we have only eight tickets left).  Register here or contact Kevin Casey at 415.643.1271 or kcasey@guaranteemortgage.com.  Tickets will be hand delivered at Pete's at 12:00pm that day.

Greater Sacramento Area CAMP is hosting our annual Lenders' Fair on Wednesday, May 3rd from 4:30pm - 7:00pm at the Sacramento Association of Realtors (2003 Howe Avenue in Sacramento).  Admission is free for CAMP members and $10 for future members ($20 at the door).  Please enjoy Chando's Tacos and a hosted beer and wine bar.  Fannie Mae will be speaking about Day 1 Certainty.

CAMP presents the 2017 State Lobby Day on May 10th at the Elk's Tower and the California State Capitol from 8:30am - 5:00pm.  Click here for more information.

Greater Sacramento Area CAMP is hosting a mixer immediately following CAMP State Lobby Day.  The mixer will take place May 10th from 4:30pm - 7:00pm at The Grange, located within The Citizen Hotel at 926 J Street in Sacramento.

East Bay CAMP is hosting Spring Marketplace featuring Fannie Mae and Freddie Mac on Thursday, May 11th at Crow Canyon Club in Danville, CA.  Call or email Audrey Boissonou and 925.788.1351 or loansbyaudrey@msn.com for more information on sponsorship or exhibiting.


Greater Ventura CAMP
presents CAMP Thousand Oaks Lender's Fair on Thursday, May 18th from 12:00pm - 3:00pm at The Thousand Oaks Inn (75 W. Thousand Oaks Blvd., Thousand Oaks, CA 92360).  Loan originators get with for a business card, otherwise it is only $10 to enter!  Please contact Michael for more information at michael@teamoconnor.com or 805.409.0554.

CAMP presents Summer CAMP 2017: Destination Coronado at the Coronado Island Marriott from August 7th - August 8th.  CAMP members can attend for $179 and non-members for $219, if signed up by June 16th.  Click here for more information.


 
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