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Monthly Newsletter
Wednesdsay, February 22nd, 2017
In This Issue
  1. CFPB Updates
  2. 2017 California Home Sales
  3. Ocwen Settlement
  4. Membership Benefit of the Month
  5. Upcoming Events

CFPB Updates
Nothing in life is simple and that's especially true in the mortgage industry.

After last week's ruling in PHH Corp v. CFPB took many by surprise, it appears as though Director Cordoray won't be removed soon, if at all.  Instead, a hearing has been set for May 24th, taking everyone back to the drawing board.

For more information, click here.

2017 California Home Sales
Everyone wondered what might happen to the purchase market after the sharp rise in interest rates back in November 2016.  Now, we're beginning to get the first economic numbers and the results have been positive in the Great State of California.  With any luck, this will continue through the Spring and Summer buying season.

For more information, click here.

Ocwen Settlement
After a long process, Ocwen has settled with the California Department of Business Oversight and may resume the acquisition of mortgage service rights in California.  Ocwen was fined much more significantly than many anticipated, however, due to new violations throughout the audit.

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 Envertex Realty. 

CAMP members are eligibile for discounted rates on select Envertex Realty services, including 20% off website initiation fees and 80% of CRM set-up fees.

These services are perfect for the mortgage professional looking to increase their web presence and improve their web strategy.

Learn more here.

Upcoming Events
North Los Angeles CAMP presents CalBRE Audits and You! on Wednesday, March 15th from 8:45am - 12:00pm at the Southland Regional Associates of REALTORS.  Click here or contact Houtan Hormozian at for more information.

presents NAMB East from March 16th - March 18th at the Omni Atlanta Hotel at CNN Center in Atlanta Georgia.  Click here for more information.

East Bay CAMP will be holding LO Bootcamp with Guy Schwartz March 23, 2017.  This class was a huge hit last year and if you are new to the industry or want a refresher, be sure to attend!  Please contact Audrey (925) 788-1351 or

East Bay CAMP will be hosting an NMLS 8-Hour Class on March 29th with Dave Luna of Mortgage Educators and Compliance.  Get your NMLS Continuing Education out of the way early this year and enjoy a discounted price!  It's $89 for CAMP members ($119 for non-members).  This class will be held at ARCH Mi in Walnut Creek, CA.  Please contact Audrey for more information at (925) 788-1351 or

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.

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.

CAMP presents Summer CAMP 2017: Destination Coronado at the Coronado Island Marriott from August 7th - August 8th.  Stay tuned for more information.

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