An Account Rep. send me this link. I took the time to read through the proposed BILL and while some clear points on reform are made I do believe without a more careful structure this bill will be harmful to independent mortgage brokers. The industry has taken it's toll on the mortgage broker. I will not persuade you to vote "No" and sign this petition as I have. That is up to you. This may or may not have a deep impact on how some of you do business and generate income so I do encourage you to follow the links I have provide. Should you feel strongly against the proposed HR3915 Legislation you may wish to add your signature.
This link is to a petition opposing the new legislation being voted on next Tuesday that would eliminate Broker Rebates (YSP), among other things. Please sign it and pass it along to anyone else you think would be interested.
http://www.petitiononline.com/HR3915/petition.html LINK TO SIGN AGAINST PROPOSED BILL
HERE IS SOME ADDITIONAL INFORMATION I FOUND THAT MAY HELP YOU DECIDE.
http://www.afsaonline.org/cms/filerepository/FrankBillTestimonyOct2007.pdf INDEPT. STUDY / EVALUATION
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