October Meeting - RESPA Update from NAMB Pres Jim Nabors

President Nabors discussion will include the following developments within our industry:

• RESPA Reform- How can you stay in Business?
• Why would a borrower give you back your YSP/Par Plus?
• Predatory Lending-Capping your fees!
• Child Molesters & Mortgage Brokers- listed on Federal Registers!
• Why the NAMB loves Federal Preemption!
• Affiliated Business Arrangements-Jail or no jail?

Meeting Sponsored by Yale Mortgage

1:00 - 5:00 Seminar—RESPA

Education sponsored by MortgageIT

5:00 - 6:30 Networking and Meeting Registration

6:30 - 8:00 Dinner & Speaker: NAMB Past-President Joe Falk

• All Members: FREE
• $20.00 Non-Members

For banquet reservations or information, call FAMB Central Florida at 407-774-4389 or email us at rsvp@fambcentralflorida.com.

NAMB's Government Affairs Chair

When NAMB Government Affairs Chair Joe Falk speaks to the Central Florida Chapter of FAMB on Tuesday night, he knows what he's talking about. During his service to NAMB as a board member, Government Affairs Chair and President, he has testified before Congress and HUD dozens of times and has lobbied tirelessly on behalf of FAMB members and mortgage brokers across the country. In his most recent testimony, he represented NAMB before the House Committee on Financial Services speaking about Licensing and Registration in the Mortgage Industry.

Joe was also instrumental in creating and presenting the NAMB Model Good Faith Estimate to HUD during the RESPA Round Tables.

FAMB Golf Tournament November 4th

Register now for the FAMB Central Florida Chapter FALL GOLF TOURNAMENT at Winter Springs Golf Club. Send in your registration form and register to play or be a sponsor (or both!)

9:00am Registration

9:30am - 10:30am Putting Contest

11:00am Shotgun Start

Please note: All registration forms must include payment and all money must be received by October 26, 2005. No on-site registration. No exceptions.

Registration fee of $90 includes golf, putting contest, range balls, beer, soda, lunch, dinner reception, awards ceremony, and door prizes.

FAMB Helps with Hurricane Relief Effort

At the recent quarterly Board of Directors meeting of the Florida Association of Mortgage Brokers, FAMB voted to contribute $15,000 to the NAMB Hurricane Relief Fund. The Fund was established by NAMB to provide financial assistance to NAMB members who have experienced extreme loss from the devastating impact of Hurricane Katrina. Many have lost their homes, their livelihoods, and for some, far worse. In addition to the $15,000 contributed by FAMB, individual Chapters increased the total contribution to over $20,000.

In addition to financial support, the FAMB Gulf Coast Chapter paid a visit to the Mississippi area to aid and assist the survivors of Hurricane Katrina. Through cash donations, the chapter was able to purchase the supplies and food necessary to make the trek to the devastated Gulf Coast region.

To see some pictures from that trip, click the link below. A future trip is planned between Thanksgiving and Christmas to deliver toys to youngsters who may not get much this year.

See the Photos

Alan Greenspan speaks about the "Bubble"

Federal Reserve Chairman Alan Greenspan, speaking to the American Bankers Association Annual Convention in Palm Desert, California, somewhat softened his concerns about a possibly overheated housing market. Speaking via satallite on September 26, Greenspan said many homeowners have enough equity to cushion the shock if prices drop. He did, however, register concerns about borrowers taking out risky mortgages to buy expensive homes that they otherwise couldn't afford. But he indicated that most homeowners were in a fairly good position in the event that house prices drop.

To read the full text of his remarks, click here.

MEMBERSHIP

Members enjoy many benefits with FAMB. Discounts at the convention and other events, free continuing education, access to many group rates on insurance, overnights, pre-paid legal. If you're not a member yet, don't wait. Join today! Find out more about membership.

QUESTIONS?

For questions, suggestions, or comments regarding the Central Florida Chapter of FAMB or this newsletter, please email Kelly Guldi at newsletter@FAMBCentralFlorida.com.