Today we go over the Republican vs Democrat battle at hand with respect to the mortgage and real estate industry.
Comments
additional comments on "Republicans vs Democrats"
Comments are closed.
Menu
Search
x
MBS Weekly – Barry Habib
MBS Highway is a communication tool that will help you improve your batting average and turn more conversations into applications. Every morning, you’ll receive a coaching video from Barry Habib which will help you beat your competition and be a true advisor in this rapidly changing environment.
NAMB
The National Association of Mortgage Brokers is the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.
In addition to mandating members adhere to a professional code of ethics, NAMB provides mortgage professionals with education opportunities, and offers rigorous certification programs to recognize members with the highest levels of professional knowledge and education.
The RESource Weekly
Ryan Hills and his team over at the RESource are great friends of ours. Tune-in their latest weekly episode right here on the home page of the National Real Estate Post. Ryan delivers fantastic content beneficial for both mortgage and real estate professionals.
Mortgage News Network
Andrew Berman is a wonderful friend of the NREP Daily. His MNN shows are always insightful with great guests. Be sure to tune-in to MNN right her on the National Real Estate Post to see what Andrew has in store for you. Great content for mortgage and real estate pros alike!
Shred Media
Shred Media is the first professional development agency for the real estate & mortgage industry. Shred Media was created for industry professionals by industry professionals. We understand that you have to stand out to stay relevant to today’s consumer. That is why we are hustling daily to build a community where today’s top influencers and thought leaders come together to collaborate.
Bearded Men of Real Estate
Two of our favorite guys over here at the NREP Daily. Ray and Dan are true leaders within the real estate industry and their weekly shows prove it. They bring great content and amazing guests to you in a fun and interactive way. Be sure to visit them by clicking the button below so you get notified when they go "live" on Facebook. Trust us, these guys are great!
Sorry, guys!! This is the biggest bunch of HOOEY I have heard lately. It appears to me, although, we have not been tickled with new regulations, the mortgage companies have not had such a difficult time adhering to the rules and regulations set down by the CFPB. Only the banks are complaining and could it be that they were the perpetrators of shady transactions. I have worked in both the bank and tne mortgage company environment and find the latter to be much more upfront and empathetic to the ordinary client. The banks are exempt from lots of regulations that we have to live by. If it had not been for the CFPB, Wells Fargo would have never owned up to that “mistake” they made. That is the one that we know about, what about the ones we don’t know about. Same song…second verse someone needs to be the watchdog over the banks.
The payouts to consumers on behalf of the CFPB are minimal in comparison to the funds actually collected. The actions are similar to the results of Mass Tort Attorney ads you see on TV all the time. (Suits are large, payouts small. Attorney’s make all the money.)
Essentially the CFPB uses their power to extort money from likely guilty companies (low hanging fruit) in the name of their victims, the consumers. Then, then they use that money they receive to increase their budget and repeat the process while the victims receive next to nothing in compensation. The result is that the Government/CFPB continues to increase their power, influence and wealth. The businesses they target write-off those expenses as the “cost of doing business” and, once again, the consumer is used as a tool and receives little benefit from this egregious behavior. Do I have this right?
Good or Bad ….The CFPB needs restructured…..I am in the middle ….I have had clients that need to get paperwork from a collection agency ….finance company …etc….To show they paid the bill …etc etc….In some cases the only way these people got the paperwork is by mentioning 4 letters….CFPB..otherwise they have been held hostage(for money) or told we wont send it to you…after they mention they will file a complaint with the CFPB ..they get transferred to a manager and the document is provided immediately …This is the flip side for the consumer to be able to hold these businesses accountable for releases of judgements (that are paid) ..proof collections are paid …etc ..etc..Consumers all have had or will have life changing events ..very few can overcome them without difficulties…so in this instance they have helped…..On the other end ..The regulation is way to in cumbersome you literally have to almost have a law degree to understand it and stay compliant…It needs to be fair on both sides ..not teetered one way or the other ..Their are many good real estate agents…brokers and bankers out their who genuinely care about their clients and try to do the right thing…so I believe we have to come to an agreeable middle on this that benefits all parties involved ….