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Weekly Newsletter
Thursday, December 17th, 2015
In This Issue
  1. Happy Holidays!
  2. CAMP's 2016 Sales and Marketing Convention
  3. CFPB Releases New Tool
  4. CFPB Whistleblowers
  5. TRID
  6. The Big Short
  7. MLDS
  8. Legislative Update
  9. Upcoming Events

Happy Holidays!

This will be CAMP’s last newsletter for the year. We will make sure to keep you updated if there are any changes between now and then but we will publish our first newsletter the first week of January. From the entire Executive Board, CAMP would like to wish you and your family a very happy holiday season. May the new year be your best year ever! Click here to view a special delivery from CAMP.

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! Also check out our video piece.

CFPB Releases New Tool

The Consumer Finance Protection Bureau launched a new online tool for creditors to determine which properties were in a rural or underserved area. As stated in the Amendments Relating to Small Creditors and Rural or Underserved Areas Under the Truth in Lending Act (Regulation Z) final rule that was published on October 2, 2015, a creditor may rely on this tool to provide a safe harbor determination that a property is located in a rural or underserved area. The tool can be found here.  

CFPB Whistleblowers

Speaking of the CFPB, did you know there is a “whistleblower” section on their website? Normally, you would think that would just be for someone to make a complaint about their company but it is actually designed to give you the opportunity to bring to light unfair practices in the mortgage industry. I was fortunate to be able to meet face to face with Director Richard Cordray and several members of the CFPB last week. We discussed that a loan originator is able to make a complaint about issues that affect their borrowers. Check out the Whistleblower page found here.


With the implementation of TRID, how will the lending landscape be changed in the new year? Will originations slow up? How will it affect lending operations? Will it halt purchase volume? Check out this article to see what is in store for 2016.  You can also consider another opinion and click here to see if TRID is worse than you imagined.

The Big Short

Are you planning on taking some time off for the end of the year? If so, while everyone is in line to see Star Wars, you may want to check out The Big Short. If you haven’t heard of it, The Big Short is about the mortgage meltdown. The film version of Michael Lewis’s book “The Big Short” brings together a list of Hollywood’s hottest actors, as outsiders who saw the crisis coming and made hundreds of millions of dollars from complex investments. Click here to find out more. 


CAMP held its first webinar of the year and discussed the requirements of the broker completing the Mortgage Loan Origination Statement. Ginger Bell and Theresa Ballard did a wonderful job as moderators and CAMP would like to thank the fabulous participants. We had Chika Sunquist from CalBRE; Allen Baydoun, Executive Vice President, United Wholesale Mortgage; Jeff Midbo, VP of Compliance, United Wholesale Mortgage; Ron Gapp, JR., Compliance Officer and Corporate Council, Paramount Residential Mortgage Group, INC.; Lisa Pavia, Senior Compliance Manager, Land Home Financial; and Leo Whitton, Northern California Sales Manager, Plaza Home Mortgage. Your Government Affairs Vice Chairs will be meeting this month to discuss the outcome of the webinar and see if there are additional steps CAMP will need to take in the coming year.

Legislative Update
HR 4211 - Credit Score Competition Act of 2015 was introduced by Representative Ed Royce, CA. It is designed to require Fannie Mae and Freddie Mac to establish procedures for considering certain credit scores in making a determination whether to purchase a residential mortgage, and for other purposes. Click here to read more about the bill and click here for the full text of the bill.

Make sure to register for the 2016 NAMB Legislative and Regulatory Conference taking place Saturday-Wednesday, April 9-12 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


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 here!

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

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