CoAMP News

<< First  < Prev   1   2   3   4   Next >  Last >> 
  • 14 Oct 2021 8:09 AM | Anonymous

    Only 2 weeks left to sponsor our upcoming holiday party!  We are really looking forward to our big event on December 2nd at the Doubletree Hotel - 7801 E Orchard Rd, Greenwood Village, CO 80111.  

    Come enjoy great food and beverages, fun music, fabulous raffle prizes, and a game of Heads and Tails where the winner will get a bay at Top Golf with food and drinks provided by our Title Sponsor, Dustin Brown, with Country Financial!

    We can't wait to see you there for this fabulously fun event where we celebrate the holidays together!

    Check out our events page to register as a sponsor and a guest at our event

  • 15 Dec 2020 3:54 PM | Anonymous

    It is with a heavy heart that the National Association of Mortgage Brokers says a tearful goodbye to NAMB Past President Donald J. Frommeyer, CRMS who passed away this week from COVID-19.

    He began his work in the mortgage industry in 1976 and continued to be an advocate for mortgage professionals across the country throughout his career.

    Don's national service began in 2007 when he was elected to the NAMB Board of Directors.  He quickly moved up the ladder of leadership and became President in 2011.  Due to his dedicated service, he remained as President of NAMB until 2014 when he transitioned to the position of CEO until 2017.

    One of his passions was umpiring Little League baseball in his home state of Indiana.  He currently held the position of Chief Umpire for Little League District 7 in Indianapolis and participated as an Umpire in the 2013 Big League Boys World Series in Easley, S. Carolina and was the first base Umpire in the USA Championship game.

    NAMB is grateful for the service and dedication of Donald J. Frommeyer, CRMS to the association and the mortgage brokerage community.  He will be greatly missed.

    The comfort of having a friend may be taken away but not that of having had one. – Seneca

  • 12 Oct 2020 6:44 AM | Anonymous

    We can think of many reasons why you should attend NAMB National 2020, but here are our Top 10! They add up to two exciting days of back-to-back keynote speakers, live streaming sessions, and one-on-one opportunities with exhibitors and sponsors. 

    Register Today!

  • 21 Sep 2020 3:37 PM | Anonymous

    September 15, 2020

    For Immediate Release:

    CoAMP Government Affairs committee plays a part in the American Dream Down Payment Act 2020

    In late July Senator Cory Gardner’s office reached out to me to ask for CoAMP’s opinion of the potential American Dream Down Payment Act of 2020. The Act will allow states to set up accounts for homebuyers so they can save for the down payment on a home, with little to no tax. It also allows for greater variance on who can contribute to the account thereby opening up the resources for potential homeowners to accumulate down payment. After reviewing the text of the Act, we responded back and encouraged Senator Gardner to co-sponsor the Bill. He did just that and on August 4, 2020; Senator Doug Jones (D-AL) introduced the Senate Bill S 4414, sponsored by Sen. Gardner (R-CO) to the Committee on Finance. CoAMP and the senators recognize that saving for down payment can be a challenge for homebuyers, and we feel strongly that this Act will support their efforts and open an avenue to give assistance to that process. The bill text and status is available here S. 4414 or here

    Since these type of accounts are already in use, it should not overburden any state to administrator these accounts. We see this as a win for all involved. Especially with the limited restrictions on who can contribute to the account, opening it up beyond just Family gifts.

    I want to Thank Ashley Higgins and all of the staff in Cory’s office for their consideration and outreach to CoAMP as a trusted voice to support the Mortgage industry. We look forward to helping advance this Bill into law.

    Douglas L Braden

    Colorado Licensed Loan Originator

    Colorado Association of Mortgage Professionals

    Government Affairs Committee Chairman

  • 08 Sep 2020 11:55 AM | Anonymous

    "COAMP Cares" wants to make a positive impact to our community. To be able to help people and families when we are able feels so good. "CoAMP Cares" works on ways for us to give! This month, we have learned about Hunger Free Colorado. Hunger Free Colorado, a statewide nonprofit organization launched in 2009, connects families and individuals to food resources and fuels change in systems, policies and social views, so no Coloradan goes hungry. By leveraging the power of collaboration, innovation and partnership, we eliminate barriers to the access of affordable, nutritious food, so all Coloradans can thrive and reach their full potential.

  • 25 Aug 2020 4:29 PM | Anonymous

    FHFA Delays New Refinancing Fee Until December

    Thank You for Supporting Our Call to Action!

    As reported by Politico, the Federal Housing Finance Agency is delaying the implementation of a controversial new fee on mortgage refinancings until Dec. 1 in the wake of widespread pushback.

    The agency is also carving out an exemption from the 0.5 percent surcharge for low-income refinance loans, it said Tuesday.

    Fannie Mae and Freddie Mac announced two weeks ago that they would levy a new fee on refinance loans they purchase starting Sept. 1 in light of “market and economic uncertainty” caused by the coronavirus pandemic.

    We thank those who reached out as part of our Call to Action by sending almost 17,000 letters to legislators across the country.  With your support, our grassroots efforts were successful in delaying this surcharge which would have been passed on to consumers in the form of higher mortgage rates.   

  • 13 Aug 2020 10:00 AM | Anonymous

    On Wednesday, August 12, Freddie Mac (FHLMC) and Fannie Mae (FNMA) announced a 50 basis point "tax" on consumers in the form of an Adverse Market Refinance Fee effective September 1, 2020.   This recent announcement by the GSEs is nothing but a slap in the face of all homeowners needing to reduce their monthly mortgage payments in this era of historically low interest rates and those dealing with the pandemic.  

    Sadly, it is obvious that the GSEs are applying this loan level pricing adjustment (LLPA) on consumers refinancing their mortgage in order to help them increase their financial reserves prior to being released from government conservative control.  Building the reserves of the GSEs should not be done on the backs of hard working Americans trying to save money to provide relief for their housing costs.

    Adding this .05% adjustment to all refinancing harms the economy and our economic recovery - the exact opposite of what other government entities such as the White House, Congress, Federal Reserve Board – are supposed to be doing to support the real estate market.   Even worse, refinancing takes longer to be approved than other loans.   Most lenders do not allow the consumer to lock a loan until the loan is approved.  The September 1 effective date means that this new fee start date is NOW!  This is not acceptable!  NAMB is asking all loan originators to fight for the reversal of this new GSE loan “tax” on homeowners!


    Please sign our petition and let the GSEs and the Federal Housing Finance Agency know that this LLPA is a mistake and needs to be reversed!

  • 20 Jul 2020 10:43 AM | Anonymous

    National Real Estate Post - NAMB – A Brief History

    Here is an interview with the president of NAMB giving a brief history of the organization

    The National Association of Mortgage Brokers is the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.

  • 18 Jun 2020 7:05 AM | Anonymous

    Mortgage applications to buy a home surge to the highest in 11 years as rates hit a survey low

    • Mortgage applications to buy a home spiked 4% last week to an 11-year high, the Mortgage Bankers Association said on Wednesday.
    • The jump in demand was likely fueled by falling mortgage rates — the fixed 30-year rate fell to 3.3%, the lowest in the MBA survey's history.
    • That led to a 10% spike in refinance applications as existing homeowners sought lower rates.
    Read More from Business Insider

  • 08 Jun 2020 8:53 AM | Anonymous

     Some weeks it’s a struggle to find something worth writing about. Then there are other weeks.

         The Economy. The format in this space has been to open with economic data, the reliable benchmarks. Since March, data have been useless. We entered something awful which was going to stay awful and without any precedent. Without historical context, new data will not help with future develop probabilities -- not even to grasp where we are today, or were last month, let alone the future.

    Click here to read more from Lou Barnes

<< First  < Prev   1   2   3   4   Next >  Last >> 

© 2014 Colorado Association of Mortgage Professionals

Powered by Wild Apricot Membership Software