What an amazing past four days here in Washington, DC. We were fortunate to be here while the Cherry Blossoms were in bloom. That has happened only one other time in the seven years that I’ve been coming out. The crowds are overwhelming but the Cherry Blossoms are absolutely gorgeous! I really love all the history here. Every year, I learn so much more. My favorite subject when I was in school was history. To be more specific the American Revolution. Today, a few of the CAMP delegates are staying over to do a little site seeing. I have not had a chance to do that. We have 2 tours set up for today, the Bureau of Engraving and Printing (aka the Mint) and the Congressional tour of the Library of Congress. Each year I try to see something new when I go back to DC. One of the most invaluable benefits of this event is to be able to meet loan officers in other states. Quite a few of our states are represented here.
California was well represented at this event. This year, we had 20 delegates from CAMP. We had about 30 appointments with legislators or their staff. There was a lot of buzz on the hill and the consensus from everyone was that they were well received. It is important to note that we received favorable responses from both legislators and staffers. It is empowering to be able to walk the halls of our nation’s capital and be an advocate for my clients. We would like to also thank Plaza Home Mortgage for your support of CAMP for our legislative efforts.
It’s important to also look to state issues. Here is your chance to make a difference for your borrowers and have your voice heard. CAMP is holding their State Lobby Day on Tuesday, May 12, 2015 this year. Your Government Affairs Vice Chairs met and reviewed the bills that could affect your borrowers and there are a couple that could really be harmful to them. We are currently reaching out to the bill’s sponsors before sharing the information but save the date. Take one day to support your clients and your industry and have your voice heard with the State Legislators. Remember, you will not be alone. You will be paired up with a seasoned Veteran when you are visiting your legislators in Sacramento.
Have you been taking advantage of the new home buying program Fannie Mae 97% Home Path loans? Well Fannie Mae is launching a new program to attract more first-time home buyers. Fannie Mae announced the new program which will allow qualifying first-time homebuyers to receive up to 3% of the purchase price of the subject property which can be used towards closing costs.