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 Washington D.C. - July 1, 2009 - Consumer Financial Protection Agency legislation published.  - The administration has published its suggested legislation designed to implement a new Consumer Financial Protection Agency.  Click here to view a copy of the full 152 page proposed legislation. 

Denver, CO - July 1, 2009 - Mark your calendars - Notice of Proposed Rule Making - - - The Colorado Division of Real Estate announced a public hearing on August 4, 2009 at 2:30PM regarding two new rules affecting mortgage loan originators. The rules relate to license renewal (Rule 1-1-4) and and to Education (Rule1-4-1). Click here to view the 7 page Rule 1-4-1 Licensing Education, Examination and Continuing Education Requirements. Click here to view the 5 page Rule 1-1-4 Mortgage Loan Originator License Renewal, Reinstatement and Re-Application.    

Washington, D.C., June 25, 2009 Legislation introduced to impose a moratorium on HVCC. U.S. Reps. Travis Childers (D-MS) and Gary Miller (R-CA) have co-sponsored a bill to place an 18 month moratorium on the recently implemented Home Valuation Code of Conduct. While the language of the bill is not yet available from the GPO, IMMAAG encourages everyone to contact your representative and ask for their support.   

Washington D.C. June 24, 2009 - - - FOMC holds the Fed Funds rate at 0% - 0.25% and announces continued strong support ($1.75 trillion this year) of agency securities and Treasury debt. Click here to read the press release.

Washington D.C. June 24, 2009 - - - House Financial Service Committee receives testimony regarding Consumer Financial Protection. . Click here for the announcement.

Your action Needed! 

HVCC Needs to End! Pass it along!

Every settlement service provider has become acutely aware of the tremendously negative impact caused by the May 1, 2009 implementation of the well intended but ill-conceived Home Valuation Code of Conduct (HVCC). Consumers will become mroe aware as time passes!  

The National Association of Mortgage Brokers is continuing its campaign asking all of us to ACT NOW and speak up about the real world hurt this agreement is doing to consumers and to the industry.

Click here to read NAMB's call to action and then follow up and ACT!

This Week's Headlines. . .


To read earlier news 
click here.

 

 

 

 

Subscriber Summary Links -National Interest
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Subscriber Summary Links - State Interest (CO)
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Go to Major Federal Legislation
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Go to Proposed National Regulations
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Go to Colorado Legislation
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Colorado Regulations Page
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Click here to go directly to the State Regulatory page and check out the Colorado state level regulations.

Government Affairs
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IMMAAG Subscribers and IMMAAG Registered Users are informed mortgage industry professionals. 

They never miss the RELEVANT and NECESSARY government related information. And, IMMAAG Subscribers stay informed in a fraction of the time it would take without IMMAAG's summaries.

Check out what's here for you - then register, or better yet, subscribe and put your time to better use!

Management
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Ben Franklin said, "If I have six hours to cut down a tree, I'll spend four hours sharpening my axe."

Use your
IMMAAG registration to keep your management ax razor sharp. Subscribe and let your IMMAAG subscription increase your efficiency, effectiveness and - PROFIT!

Cut down your trees faster and use your time doing other important things. Like, enjoying the fire.

Become an IMMAAG Registered User (FREE) or a subscriber TODAY and get control of the six functions of management - Planning, Leading, Communicating, Staffing, Controlling and Organizing

 

Mortgage Industry
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IMMAAG is your connection to the mortgage industry.

Products, providers, changing underwriting and standards  - - the industry has never been more volatile.

Being in touch takes time. Someone said, "Time is money" BUT that is only true if it is put to profitable use!

As an IMMAAG Registered User or as an IMMAAG Subscriber you'll but on top of everything important in a fraction of the time.

What will you do with the extra time IMMAAG returns to you every day?

Value Services

IMMAAG Registered Users and Subscribers enjoy access to a variety of services. IMMAAG's affiliations and strategic partnerships are designed to help the independent business owner, mortgage broker or originator enjoy benefits that offer alternative revenue possibilities or simply provide access to useful services, both professional and personal.

IMMAAG will continuosly search for additional value added services. And, IMMAAG will only offer services from providers with whom we would be willing to or are already doing business with. 

From discounted industry related education aimed at meeting your Colorado licensing requirements, to low cost, easy to book travel services, or discounted services from industry professionals such as credit reporting companies, title companies, appraisers or reputable credit repair companies; IMMAAG's connection to a multitude of providers will enhance your professional and personal experience, business results and PROFIT!

Visit the site often to stay in touch with the growing variety of services.

 

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A FULL ONE YEAR SUBSCRIPTION TO IMMAAG (A $179 VALUE) 
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Not sure what the Red Flags Rule is? Click here

 

 
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