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Weekly Newsletter
Wednesday, December 9th, 2015
In This Issue
  1. Happy Hanukkah!
  2. CAMP Members-Only Webinar
  3. CAMP's 2016 Sales and Marketing Convention
  4. NMLS Licensing Update
  5. 2016 Trends
  6. Zero Down Jumbo Loans
  7. New 4506-T
  8. HAMP Loans
  9. Legislative Update
  10. Upcoming Events

Happy Hanukkah!
CAMP would like to wish all of you who celebrate it a Happy Hanukkah! For those who do not know, Hanukkah is an eight-day Jewish festival also known as the Festival of Lights. The Jewish people observe the festival by lighting one candle on a nine-branched menorah - or 'hanukiah candelabrum' - each day. Hanukkah began last Sunday and will continue until Monday, December 14.

CAMP Members-Only Webinar

We are just about two months into the TILA-RESPA Integrated Disclosure (TRID) Rule and one item that has caused some confusion is the MLDS requirement, or non-requirement.

In response to member requests, CAMP has planned a webinar to explore this issue, which will be moderated by Ginger Bell (SVP, e-Learning, Morf Media). This webinar features a panel of lenders and a representative from the Bureau of Real Estate (BRE). The webinar will explore the BRE's recent advisory on TRID compliance in the State of California. Learn more and register HERE. This webinar is a benefit of CAMP membership and is exclusive and complimentary for members. Reserve your virtual seat today!

CAMP's 2016 Sales and Marketing Convention:
Power of the Past, Force of the Future

The agenda is finalized and CAMP has some amazing speakers that you just do not want to miss when planning your first quarter goals of 2016! The convention will be held at the Hyatt Regency - Orange County on January 21 and 22, 2016. There is an early registration price so be sure to check your emails for more details.  See it online here!

Interested in exhibiting or sponsoring?  E-mail us today!

NMLS Licensing Update

Have you renewed your NMLS license yet? It was taking close to 15 days for your NMLS license to be approved after paying your renewal fees. Do you have someone who is looking to get the NMLS license? You may want to have them wait until January to start their NMLS application. California has adopted the Uniform State Test (UST) as of January 1, 2016. If you sign up now, you will still have to take the state test but if you wait until January, you will only need to take the national test.

2016 Trends

As we come to the close of the 2015 calendar year, we notice there are several major trends in the mortgage industry that are probably due to new regulations, taking shape this year. It appears that these trends may continue into 2016 and beyond. Click here to read more on these trends and read how challenges can turn into positives for our industry. If you have forgotten where you put your crystal ball and would like additional information on trends, click here for more on what the industry will look like in 2016.

Zero Down Jumbo Loans

Yes! You read the heading right. For those of you who live in the San Francisco Bay Area, there is a credit union offering zero down jumbo loans up to $2 Million! We need to make sure you are aware of the product that is available to all consumers. There is no mortgage insurance on these loans either! This loan is available for anyone works in San Francisco or San Mateo Counties and can be used to purchase a home anywhere in the nine Bay Area Counties: San Francisco, San Mateo, Marin, Napa, Sonoma, Santa Clara, Alameda, Contra Costa, or Solano. Click here to read more.

New 4506-T

In case you missed our previous updates, there is a new 4506-T form that you should be using now. If you use the previous form, the IRS will reject your request. Some of the LOS processing software has not been updated so make sure to save this link.  

HAMP Loans

The government’s Home Affordable Modification Program is set to expire at the end of the year. If you know someone who qualifies for this program, you need to talk to them before the program expires. However, there are parts of this program which may remain in place. Click here to read more.

Legislative Update

Make sure to register for the 2016 NAMB Legislative and Regulatory Conference taking place Saturday-Wednesday, April 9-13 in Washington, D.C. This is a "must attend" event for all mortgage professionals. Last year, more than 10,000 realtors attended NAR's Lobby Day. This year, NAMB would love to get 1,000 mortgage professionals to D.C. to help NAMB lobby on Capitol Hill. Join NAMB as the association rallies to fight for consumers, small businesses, and mortgage professionals everywhere. NOTE: Be sure to register today! THIS IS A MEMBERS ONLY EVENT. The early bird cost until February 5th is $199 and $249 thereafter. Click here to register.

Upcoming Events

Greater Sacramento CAMP presents their Holiday Networking Mixer from 5:30pm to 8:30pm on Thursday, December 10, 2015 at Vanilla Sky Bar, 2nd Floor, 1400 Rocky Ridge Drive, Roseville, CA. Please visit the Greater Sacramento CAMP webpage.

San Diego CAMP presents their Annual Holiday Party which will begin at 6:30pm on Thursday, December 10, 2015 at the Hyatt Regency - La Jolla. Please visit the San Diego CAMP Webpage.

East Bay CAMP presents their Annual Holiday Party which will begin at 6pm on Thursday, December 17, 2015 at Chapter President, Audrey Boissonou’s house. Please email Audrey at to RSVP and for the address. Please bring an unwrapped toy for Toys for Tots.

San Francisco Peninsula CAMP presents their Annual Holiday Party from 4:30pm to 7:00pm on Thursday, December 17, 2015 at Dominic’s at Oyster Point, 360 Oyster Point Blvd, South San Francisco, CA. RSVP online!

If you would like me to include upcoming events, please email Michelle at

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