A Must Read Guest Column on the New GFE and Elimination of YSP

Here’s a well articulated email I received today from mortgage professional  Jon Bodan of The Perpetual .  I think we should all read, discuss, distribute and act upon it: This is insane!!!  (MG notes:  This link was provided on LoanToolBox forum courtesy of Jim Sahnger .  You’ll find what Jon’s referring to on p. 43240 and 43241). You need to send this to everyone you know in our industry and encourage them to call their elected officials and RIGOROUSLY show your opposition to this rule-making

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A Must Read Guest Column on the New GFE and Elimination of YSP

• A Must Read Guest Column on the New GFE and Elimination of YSP
  Here’s a well articulated email I received today from mortgage professional  Jon Bodan of The Perpetual .  I think we should all read, discuss, distribute and act upon it: This is insane!!!  (MG notes:  This link was provided on LoanToolBox forum courtesy of Jim Sahnger .  You’ll find what Jon’s referring to on p. 43240 and 43241). ..


• Two Examples of What’s Right With the Mortgage Industry
  Example #1:  Embrace Home Loans Foregoes Annual Sales Rally - Instead Conducts Employee Auction and Raises $20,000 for Haiti By the way, I love the website on which I found this little nugget.  Do yourself a favor and visit them at www.nationalmortgageprofessional.com .  But here’s the point… our elected officials seem to blame everything that’s wrong..


• Do The Mortgage Rule Updates Want to Make your Brain Explode? More HARP
  If This Just Doesn’t Want to Make Your Brain Explode… By: Karen Deis, Publisher, MortgageCurrentcy.com Can you guess how many rule updates affected JUST the origination side of the business from January 1st to December 31st, 2011? Just guess! Ok, I’ll tell you—it’s 259, or an average of 21 rule updates per month.  To get ..


• NAMB Joins Forces With Other Financial And Real Estate Industry Associations To Support Biggert’s Proposal For HUD’s Revised RESPA Rule
  via: NationalMortgageProfessional.com In an Oct. ..


• Live NAMB Webinar Focusing on YSP – Tuesday @ 3pm EST, Noon PST
  NAMB announced a major victory in the fight against  HVCC yesterday (see the 10/23 TBWS Daily Show for details).  Earlier this week, they published an informative YSP Resource Center on the NAMB site.  I’m extremely proud of the strides NAMB is making not only on Captiol Hill, but also with mortgage professionals if the field...