IMMAAG Alert: Fed & NAIHP/NAMB Appeal Briefs Filed with Circuit Court

Tag: IMMAAG

Posted on in Mortgage Regulation

IMMAAG Alert: Fed & NAIHP/NAMB Appeal Briefs Filed with Circuit Court

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 is a tireless source of effort and passion for the small independent mortgage originator industry. Successfully getting felons kicked out of the business in Colorado, Bill now focuses on legislative advocacy through his company, IMMAAG. IMMAAG advocates to stop unfair and unjust regulations being thrust on the small independent originator channel.  I consider Bill Kidwell a top resource for analysis and commentary, especially with respect to issues like Compensation. His most recent email post is particularly good and I wanted to share it with my readers. I encourage you to join his mailing list and support his efforts. He’s one of the good guys. ~ […]

by jberman
Posted on in Mortgage Regulation

The HVCC Virus Spreads to FHA

Our good friends at IMMAAG reported today that FHA has enacted a similar appraisal management process to the much maligned & ill-conceived HVCC regulation that has added layers of complexity and cost to conventional (FNMA, FHLMC) mortgage financing. Excerpts from IMMAAG’s most recent alert: It is no secret that IMMAAG has opposed HVCC since the first time we had a chance to read the agreement and the code. We continue to share the belief with thousands of others who now know – HVCC was a poorly conceived, misdirected, inappropriate response to circumstances that were not the result of the causes identified by the New York Attorney General. For months, IMMAAG has joined others in the industry in advocating grass roots action to tell Congress about the real problems caused by this policy. We have been suggesting to everyone with whom we communicate to ask their congressional representatives to co-sponsor H.R. 3044, the moratorium bill. During all of this, there have […]

by jberman
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