Mortgage Broker and Loan Originator Information Source

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This Week's Headlines. . .

December 23, 2008 Washington D.C. The Federal Housing Finance Agency (FHFA) announces final Home Valuation Code of Conduct agreement effective May 1, 2009. Click here to read the press release. Click here to read the final code.

December 19, 2008 Denver, CO Colorado Division of Real Estate announces "Last Chance" Mortgage Broker testing for 2008 scheduled for December 30th. Click here to read the announcement.

To read earlier news click here.

Subscriber Summary Links -National Interest

FRB TILA Changes Summary

H.R. 3221 Summary

H.R. 6694 Return of DPA & Risk-based Premiums

HUD RESPA Rule Summary

S. 2452 Summary

S. 2595 Summary

Subscriber Summary Links - State Interest (CO)

Summary of CDRE Position Statements

Summary of various CO Mortgage Broker Rules

Summary the CO's Mortgage Broker Licensing Act

Go to Major Federal Legislation

H.R. 6694

H.R.3221

H.R.3915

S.2452

S.2595

Go to Proposed National Regulations

Proposed RESPA Rule

Final HOEPA/RegZ Rule

Proposed HOEPA/RegZ Amendments

NY AG Home Valuation Agreement

Go to Colorado Legislation

12-61-901 et. seq.

Colorado Regulations Page

Click here to go directly to the State Regulatory page and check out the Colorado state level regulations.

Government Affairs

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, subscirbe and put your time to better use!

Management

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

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.

Are YOU Ready for the "Red Flags" Rule?

Delayed, not Dead!

On October 22nd the FTC delayed the November 1st compliance deadline

The new deadline is May 1, 2009 -

You probably didn't even know about it before - so now that you do, go ahead and put this one behind you - NOW! Get compliant and show your customers that you're ahead of the game and looking out for them!

All the requirements will still be there May 1st, so you still have to have the mandatory Board of Directors/Sr. management approved Red Flag Identity Theft procedures in place or you'll be out of compliance.

You will be subject to fines, likely in breach of all of your lender contracts and violating numerous state laws requiring your compliance to keep doing business!

Take advantage of the extra time. IMMAAG has promised to make you more efficient, so we have arranged with the leading national solution provider to offer you a discounted price to the MOST efficient, MOST effective "Off-the-shelf", but customized to your business compliance solution.

Click here to learn more about the act to to solve your compliance issue in minutes, not weeks! Do differentiate yourself from the procrastinators - - - - Don't risk breaking the law by waiting 'til the last minute - again!