Summaries of Recently Introduced Bills by the California State Legislature:
Assembly Bill 2 [pdf]
Senate Bill 36 [pdf]
Senate Bill 94 [pdf]
CAMB Call to Action--HVCC Appraisal Agreement | Read More
Contact your U. S. Representative today to sign the letter being circulated by Rep. Gary Miller asking House Leadership to prevent a decrease in the loan limit levels.
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Loan Modifications Licensing Requirements in California and the New DRE Advance Fee Agreement
The California Association of Mortgage Brokers (CAMB) has received many requests for information related to loan modification services in the state of California. | Read More
Contact your U. S. Representative and U. S. Senators today to let them know that a decrease in the FHA and GSE loan limits will further depress our housing markets
In November, the Federal Housing Finance Agency and HUD announced GSE and FHA loan limits levels for 2020. While the conforming loan limit will remain at $417,000 for most areas in the country, "high cost" area limits in many counties will decrease on January 1, 2020. | Read More
Final RESPA Rule from HUD
The CAMB Government Affairs team is reviewing the extensive 374 - page document and will be determining a strategy for a coordinated response with the National Association of Mortgage Brokers (NAMB). | Read More
Statement of Speaker Bass on Foreclosure Crisis Plans for Special Legislative Session
SACRAMENTO - From the State Capitol today, Assembly Speaker Karen Bass and Assemblymembers Ted Lieu and Pedro Nava discussed plans Assembly Democrats are putting forward to address the home foreclosure crisis in the special legislative session. Speaking to reporters in the Willie Brown Jr. conference room, Speaker Bass made the following remarks | Read More
Treasury Secretary Paulson's remarks on the Financial Rescue Package and Economic Update | Read More
Committee Field Hearing in Stockton.
Click here to download [pdf]
[Posted 7.25.08]
Thanks to CAMB Efforts, Loan Limit Increase Letter Receives Almost Unanimous Support by California Delegation [Posted 7.25.08]
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Regulation Z
The News Channels and the internet has been quite active in the last couple of days with information about the Federal Reserve Board's approval of a final rule on an amendment to Regulation Z. The final rule was issued on Monday July 14, 2008 and was designed to prohibit unfair, abusive or deceptive mortgage lending practices. The rule also established new advertising and disclosure requirements.
[Posted 7.25.08]
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updated
02/13/2020
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