April 2020

We want to hear from you

We’d like to know how we can encourage you to become a member of the Florida Association of Mortgage Professionals (FAMP).

Can you answer our short survey?
Answers will be provided in a future newsletter!

FAMP President Gino Moro and NAMB Lobbyist Roy DeLoach host Webinar

 

The FAMP presented a Webinar on Friday, April 24, 2020

 "Impact of COVID 19 on the Mortgage Industry" Webinar​

 

The Florida Association of Mortgage Professionals recently hosted a FREE webinar for Members and Industry Professionals discussing the "Impact of COVID 19 on the Mortgage Industry" featuring FAMP President Gino Moro and NAMB Lobbyist Roy DeLoach. 
 

Click below to access the recording of this highly attended webinar.


 

The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances are impacted due to the COVID-19 pandemic.​

Click HERE to view. 



 

Mortgage Industry News

FAMP Government Affairs Committee News

Urge Congress to Pass Additional Funding for the Paycheck Protection Program and the EIDL Program
 
Mortgage Brokers - did you get money to sustain your business? You could have received money for payroll and rent but The Small Business Administration’s $349 billion Paycheck Protection Program (PPP) has officially run out of money. Right now, Congress is debating whether to add $250 billion to the PPP to assist more small businesses. Join us in urging Congress to act now and pass additional funding for this valuable program by clicking here!
 
 


Join NAMB & Freddie Mac on Thurs. May 7, 2020 at 2:00pm ET for a special webinar "Temporary Revisions for Income and Employment in Response to COVID-19"

With Single-Family Seller/Servicer Guide (Guide) Bulletin 2020-5, Freddie Mac announced temporary selling measures to support your underwriting and origination activities as the COVID-19 situation continues to evolve. This 45-minute briefing will cover guidance specifically on income and employment flexibilities, along with Q&A with Freddie Mac Subject Matter Experts. Cost for this webinar is FREE! Click here to register!
 

 

National Association for Mortgage Brokers (NAMB) Applauds FHFA for Addressing Servicer Liquidity Issues

On April 20, 2020, NAMB sent a letter to Chairman Jerome H. Powell of the Board of Governors of the Federal Reserve System and Secretary Steven T. Mnuchin of the Department of Treasury expressing our concerns with non-bank servicers access funds to cover bond payments when consumers exercise their Cares Act deferment rights. Click here to view press release.
 

 




Refis + better alternative to forbearance = expect a surge
A Brookings Institution article said that borrowers could see cash-out refinancing as an opportunity to tap into their housing wealth while locking in the lowest rates in several generations, as preferable to forbearance.
 

How curbside closings are keeping the market moving
Inman Headlines | By Craig C. Rowe, April 21, 2020

Due to the onset of COVID-19, real estate is becoming the next big business to leverage the efficiency and convenience of drive-thru deals known as curbside closings. Here’s a look at how various parts of the transaction are coming together to get the deal done from a distance. 

An Atlanta real estate law firm has been conducting mobile closings for 14 years. A global pandemic has given their model, as well as emerging closing technologies fresh, much-needed attention. Click here for article.
 

 

 

                                                 

 

 

 

 

FAMP Chapter Updates



“Mea Culpa” to sponsors for Gold Coast FAMP
March 3rd Tradeshow sponsors!

FAMP Communications regrets mistakenly listing 2019 Gold Coast FAMP tradeshow sponsors in previous newsletter. FAMP Broward/Gold Coast would like to thank 2020/2021 VIP Sponsors for their continued support!

 
Broward County Property Appraiser Marty Kiar will be speaking with FAMP members/non-members on May 12th at 11:30am via Zoom meeting. 

Visit website for more info!

 
Visit Gold Coast FAMP at fampgoldcoast.org, on Facebook, and on LinkedIn. Email to emails@fampgoldcoast.org or call 954-986-0808.


 



Miami FAMP still preparing for 2020 FOCUS ON THE FUTURE Mortgage Tradeshow
 


Nov. 19 from 8am to 10pm at Doubletree Hilton in Miami. Register now.
 
Visit Miami FAMP at miamifamp.org, on Facebook,  and on LinkedIn.


 


 

The FAMP Lenders & Affiliates committee is dedicated to supporting loan originators and growing business opportunities mutually, while encouraging active participation and increase overall membership within our industry and industry related partners.

Contact Bryan Cronin or Jerry Sanchez to find out how to connect to FAMP chapter events!
 

Click on Florida Association of Mortgage Professionals Statewide Calendar of Events to see upcoming events and education classes!


FAMP is fortunate to have an amazing group of members and volunteers such as your FAMP Local Chapters and Board of Directors.  

This experience reminds us that we are connected like never before. In our present circumstances each of us is called upon to be our best selves, practicing patience and understanding, and compassion.



 

FAMP Newsletter - April 2020