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Monthly Newsletter
Wednesday, May 24th, 2017
 
 
 
 
 
In This Issue
  1. CAMP in the Capitol!
  2. CAMP Job Board Launches June 1st
  3. Summer CAMP 2017: Destination Coronado
  4. CAMP Membership Certificates
  5. Membership Benefit of the Month
  6. Upcoming Events



 
 
CAMP in the Capitol!

CAMP was recently in Sacramento for our annual Lobby Day where we met with our elected officials at the Capitol to discuss mortgage-related matters.  It is exciting to see the number of participants grow each year.  Loan Originators and industry partners understand the importance of being engaged in the process that governs our industry at both the State and National level. 

We have to pay attention!  More than 130 bills are being considered that will affect your borrowers and your business.  I’ll highlight a few of the worst and one of the best being proposed this year.

Senator Hertzberg has introduced SB 640 which would levy a service fee of 7.5% on most closing costs.  Estimates are that 57,000 families would have been prevented from buying homes last year if this tax had been in place. 

How about a $75 fee for every recorded document in the State of California?  Senator Atkins proposes this with SB2, a bill first proposed by now-Congressman Mark DeSaulnier.  It has been resurrected with a carve-out for purchases.  As written, this bill would increase the closing costs on every refinance you do in the future.  It would be even worse if both SB 2 AND AB 640 passes and there is a 7.5% charge on top of the recording fee…

They are taking another crack at eliminating the interest tax deduction, this time with AB 71, introduced by Assemblyman Chiu.  Under the guise of supporting “Affordable Housing,” they would like to eliminate the second home interest deduction.  This includes no mention of the impact on housing in vacation areas in California or those local economies. 

Finally, here’s a beneficial one.  Assemblyman Steinorth has introduced AB 53 which would allow taxpayers to make contributions to a homeownership savings account.  It would work much like a health savings account with the savings tax free. There are income limitations, etc. but at least it’s a positive step in the right direction to help people save for a down payment.

Over and over, we heard about budget deficits, elimination of redevelopment agencies and the need for “Affordable Housing.”  Unfortunately, it seems homeowners are expected to bear the brunt of the budget deficit and as an industry; we need to remain vigilant.  Do the math on a couple of your recent transactions to see how any of the above proposals would affect your borrowers. 

CAMP follows these bills closely and we need your help.  Join CAMP, support the legislative efforts and when you see a “Call to Action,” respond!  Our elected officials need to understand how their bills impact our homeowners -- their constituents.   

-Audrey Boissonou


CAMP Job Board Launches June 1st
The CAMP Job Board is going to launch on June 1st, 2017, connecting mortgage brokers and loan originators to career opportunities all across California!  What's more, during the month of June, anyone can post a job FOR FREE!

Though only CAMP members will be able to access the CAMP Job Board, everyone is invited to submit job postings.  Beginning in July, the postings will be $50 for four weeks, although companies holding an active Statewide Premium, Statewide Plus, or Statewide membership bundle will continue to have free postings!

If you have any questions regarding the CAMP Job Board, please contact info@thecampsite.org.


Summer CAMP 2017: Destination Coronado
By now, you've undoubtedly heard that the industry's best will descend upon Coronado this August 7th-8th.  It's true!  CAMP's annual business meeting will begin Monday, August 7th and conclude Tuesday, August 8th and include world-class sessions, a trade show featuring vendors from all over the country, and, of course, the Annual Awards Gala, in which we'll honor the industry's finest from this past year.

You might be asking yourself how much this memorable event will cost?  CAMP members who sign up by June 16th can take advantage of the Early Bird pricing at $179!

For more information regarding the Summer CAMP 2017 agenda and trade show, please click here.  To register, please click here.



CAMP Membership Certificates

CAMP provides e-mailed certificates for each member!  If you have a current CAMP membership and would like to receive your membership certificate for the 2017-18 membership term, please contact info@thecampsite.org.

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 Mortgage Educators and Compliance. 

Through MEC's partnership with CAMP, we can offer you huge savings on your online 8 hour continuing education!

Included in this year's CAMP membership is a special price offer for 2017 NMLS 8 hour continuing education through MEC for $49.98!

The 8 hour online self study course features instructor David Luna in HD video sections that can be completed 24 hours a day.

The course is conveniently broken into 5 minute sections so you can start and come back where you left off.

Learn more here.


Upcoming Events
CAMP Leadership and Success Institute (CLASI) is hosting CAMP 101: Did You Know? on Thursday, June 15h from 10:30am - 11:45am.  Learn how to get more involved with CAMP on during this interactive webinar!  CAMP members can attend for free and non-members for $25.  Click here for more information.

Orange County CAMP presents Summer Sales & Mortgage Yacht Mixer!  Join us for a special mixer, complete with appetizers and drinks, and a cruise throughout the harbor!  Come mix it up with your fellow mortgage professionals with a portion of proceeds donated to Meals on Wheels - Assisting Home-Bound Seniors with nutritious meals.  Thursday, June 22nd from 4:30pm - 8:30pm at The Royal Princess Yacht (2901 West Coast Highway, Newport Beach, CA 92663).  Register here.

CAMP Leadership and Success Institute (CLASI) is hosting Appraisals, Rebuttal: Areas of Opportunity on Thursday, July 20th from 10:30am - 11:45am.  Join Jim Reno of PCA Appraisal Management during this webinar.  CAMP members can attend for free and non-members for $25.  Click here for more information.

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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