I’ve been a fan of Bill Kidwell & his efforts at IMMAAG for a long time. Bill & I served on the Colorado Association of Mortgage Brokers (CAMB) board back in the mid 2000′s. In fact, the first mortgage registration bill for Colorado was passed when we were serving as CAMB’s President & President-Elect respectively. Bill [...]
Read More Bill Kidwell, CAMB, Federal Reserve, IMMAAGA copy of an email I sent to Colorado Senators Udall & Bennet today. Feel free to copy & share with others. Please help…the Federal Reserve is driving my industry out of business. Dear Senator Bennet, Small business mortgage broker companies have been under attack and need your support. The majority of banking regulation & [...]
Read More Federal ReserveI’ve been watching a comment thread develop over at Think Big Work Small. The daily video blog by Frank Garay & Brian Stevens is a popular destination for originators in the mortgage industry. This particular piece was about NAMB & NAIHP each filing their own respective lawsuits to stop the Fed from implementing the new [...]
Read More Fed Reserve, NAIHP, NAMBWithin a few weeks we should get updated figures on the number of licensed mortgage originators in Colorado. This notice from the Colorado Division of Real Estate showed up in my inbox a few days ago and indicates that by January 31st, we will have an updated data set on how many mortgage originators are left [...]
Read More colorado mortgage originator board, NMLSWelcome to the new world of lending. As the industry is trying to catch it’s breath from the December 31st, 2010 deadline for registration & testing, the next bureaucratic landmine is already waiting to further confuse & occupy the licensed originator community. The NMLS has created the NMLS Call Report, which requires companies to produce [...]
Read More Call Report, NMLS