Support Bills HR1077 & S949

Описание: CALL TO ACTION!!

Come Jan 10th, 2014, if no action is taken, the mortgage world will become even more complicated and confusing for consumers as a result of the new Qualified Mortgage. In addition to less transparency for consumers, many of the small, local broker shops will be forced to close or get absorbed by a larger bank.

What's important to understand is the underlying purpose of the Qualified Mortgage is to give banks protection from being sued by consumers after a loan closes. So, with that in mind, it's less surprising that a law intended to protect big banks, doesn't protect consumers. What is surprising is that the CFPB, The Consumer Financial Protection Bureau, is the agency enforcing it.

Thankfully, there are amendments to the bill that will make it work for both the consumer and for small business. HR1077 and S949 all work to level the playing field for brokers and banks. Help support the passage of these bills by sending this video to your respective congressional representatives - find yours here: http://www.usa.gov/Contact/Elected.shtml

For more information on legislative updates please visit: http://www.namb.org/namb/Office_Infor.... To contact the Washington Association of Mortgage Professionals see www.mywamp.org

Salmon Bay Community Lending is an independent Seattle home mortgage company. Our independence gives us the flexibility to think creatively and act quickly in order to give you what you need: loans that fit your life and service you can trust.

For more information about Salmon Bay Community Lending, you can find us at: http://www.salmonbaylending.com/ or twitter: @SalmnBayLending & of course, Facebook:   / salmonbaylending