Arizona Association of Mortgage Professionals

AzAMP Incoming President Dan Huss

Arizona Association of Mortgage Professionals
A Message from AzAMP incoming President Dan Huss 

 

Dan Huss
Cell 602-577-0396
E-mail – Click Here

AzAMP Board Retreat
Saturday, July 10
9:00 a.m. continental breakfast
9:30 a.m. meeting begins

Retreat Location
AmeriFirst Financial, Inc
Stapley Corporate Center
1910 S. Stapley Drive
Suite 209
Mesa, AZ 85204
If the doors are locked, call Paul Klimke at 602-402-1801.

Take Action! Financial Regulatory Reform Legislation

Arizona Association of Mortgage Professionals
An important message from Jody Davis, AzAMP Legislative Affairs Chair

All Arizona Mortgage Professionals,

You have the ability to kill HR 4173.  I urge you to call, fax, and email your senators and congressmen urging them to vote NO on HR4173. This is your last chance to protect your ability to earn a living.  Many of the banks do not like the changes in the bill either so we have some help...it is not just a broker issue. 

Please take five minutes to do this.   Our industry needs you to contact members of congress.  Do it today! They could vote on this as early as tomorrow.

For more information and to send emails to your U.S. Senators and House of Representatives CLICK HERE.  It’s easy and well worth five minutes of your time.

Thank You

Jody Davis
AzAMP Legislative chair

AZ Foreclosure Picture

Arizona Association of Mortgage Professionals

AzAMP's Vice President Paul Klimke was interviewed by KTAR this morning about the Arizona  foreclosure situation.  Here's a portion of the online article that followed the radio interview.

AZ foreclosure picture is murky
by Bob McClay, Kevin Tripp,  KTAR
June 23rd, 2010

PHOENIX -- More people lost their homes as bank repossessions nationwide hit a monthly record high in May, according to Realty-Trac. But, those figures may not reflect what's happening in Arizona.

Lenders nationwide took back just under 94,000 properties in May, up 1 percent from April and 44 percent more than in May of 2009.

Paul Klimke of Amerifirst Financial said banks are now foreclosing on properties on which they had been slow to act for whatever reason -- "They didn't have the capacity to handle them or they are homes that could have very possibly been delayed from foreclosure because they were in the loan modification process."

Things are different in Arizona, Klimke said.

"Although our activity in May increased 1 percent over the activity in April, the actual foreclosure activity in Arizona is down 5 percent from May of 2009."   

Whether that trend continues remains to be seen, he said.

"Some of the foreclosures that were going to happen happened earlier in Arizona," said Klimke. "So we may be on the tailend of that. On the other hand, it might not have hit Arizona yet. We don't know what the numbers are for June and July. It's entirely possible that they will be up. We'll just have to wait and see."

Klimke said 55 percent of Arizona homeowners are "under water," meaning they owe more on their mortgage than what their home is worth.

Important MLO Licensing Update

Arizona Association of Mortgage Professionals

Not sure if you or your employees will have a new MLO license by the July 1, 2010 deadline? 

Watch this video update from AzAMP Vice President Paul Klimke, who received his information directly from a meeting with the licensing managers at AzDFI. 

Also find out how many licenses have been issued and how many are still under review.