2017 WAMP Legislative Day is set for Wednesday, March 15th.
Each year, WAMP members and constituents make our way to Olympia, Wash. to meet with lawmakers. YOUR PARTICIPATION is crucial toward reminding lawmakers that ANY and ALL legislation that affects housing, real estate, mortgage banking and loan originating in Washington State should be vetted by professionals in the industry ... if for no other reason than to avoid unintended consequences from otherwise well intended legislation.
Please GET ON THE BUS with WAMP on March 15, 2017!
WAMP's chartered bus will pick you up at any one of the following Park & Rides the morning of March 15, providing you to and from transportation to the State Capitol:
►Seattle’s Ravenna Park & Ride at 7:00am
►Bellevue’s Wilburton Park & Ride at 7:45am
►Tacoma’s Lakewood Park & Ride at 9:00am
The WAMP Bus will begin its return from the Capitol at approximately 5:00pm. Continental Breakfast and Coffee will be served in Olympia upon your arrival on the WAMP Bus. A selection of Box Lunches will be available for all registered guests. This is an important annual event for our Washington State Trade Association. Effective grass-roots mobilization gives us a powerful voice with lawmakers and allows us to positively influence our work environments, our careers, our entire industry.
For more information, click here or call WAMP at (206) 484-6442.
The 2017 WAMP Annual Meeting is set for Thursday, February 9 at 6:00 p.m. at The Foundry, 4130 1st Avenue South in Seattle, Wash.
►Join WAMP for passed hors d’oeuvres & no-host cocktail reception with industry exhibitors
►Sumptuous dinner prepared by the award-winning Herban Feast Catering
►Legislative updates and meet your 2017 WAMP Board of Directors.
►A very special presentation: Thach Nguyen & Isaac Stegman professionally Coach Mortgage, Real Estate & industry related Professionals closing MILLIONS of Dollars a MONTH! They have designed an exclusive FREE Coaching Session for all of our attendee’s, designed to INSPIRE YOUR BEST SELF and DISCOVER YOUR POTENTIAL in 2017!
Click here for more information or call (206) 484-6442.
Four of the nation’s 10 most competitive residential markets for 2016 are based in the Seattle metro area, according to a new data report from Redfin.
In reaching its year-end conclusion, Redfin analyzed neighborhoods in 27 metro areas, with a particular focus given to median days on market, the average sale-to-list price ratio and home price growth. Redfin also noted the percentages of homes that sold for all cash and that sold for more than their asking price in determining competitiveness.
The most competitive neighborhood this year, as determined by Redfin’s standards, was the Factoria section of Bellevue, in the Seattle metro area, while the city’s University District placed second. A pair of Boston-area neighborhoods (Washington Square in Brookline and Prospect Hill in Sommerville) ranked third and fourth, while two San Francisco-area neighborhoods (Inner Richmond and Dolores Height) followed in fifth and sixth place. Rounding out the top 10 were another Bellevue community (Woodridge), Lakeside in the Wheat Ridge section of the Denver metro area, the West Adams area in Los Angeles and the Brickyard Road-Queensgate section of Bothell in Seattle’s metro area.
“What’s driving the competition?” said Keena Bean, a press spokesperson for Redfin. “Continuously low inventory is one key factor. A six-month supply of homes for sale signals a balanced market between buyers and sellers, but home supply in most metros featured in the top 30 hovered near one or two months throughout the year.”
Primary Residential Mortgage Inc. (PRMI) has announced the opening of a new branch in Vancouver, Wash. This new branch brings industry veteran Deanna McClelland (pictured right) and her team, including Andrea Estrada and Jordan Lipinski.
“We are thrilled to be expanding our presence in Washington,” said Mike Liane, PRMI’s division manager. “Our goal at PRMI is to help our neighbors finance their dream of homeownership through a positive and personal experience.”
McClelland comes to PRMI with 29 years in the industry and before joining PRMI, she was a loan consultant at Guild Mortgage Company. Deanna will lead the new branch along with Mike Liane, division manager and EJ Liane, business development manager.
“Being in the industry since 1988 has given me an appreciation of our basic mission as lenders ... help people first. My team and I are excited to be a part of a company that values each individual and their unique situation. Our focus is on the needs of our partners and consumers, not monthly sales goals. If you do the right thing first, the rest will fall in place.”
The WAMP 2016 Holiday Luncheon will be held Thursday, Dec. 1 at Emory's on Silver Lake, located at 11830 19th Ave SE in Everett, Wash. The event will feature NAMB Presdient Fred Kreger delivering his presentation, "How the National Association of Mortgage Professionals is working for YOU in 2017!"
For more information, call (206) 484-6442 or visit MyWAMP.org.
WFG National Title Company of Clark County WA LLC, d/b/a WFG National Title, a Williston Financial Group company, has acquired the business of Vancouver, Wash.-based Columbia Title Agency through an acquisition of all Columbia Title’s assets. WFG has also announced that it has proudly hired all employees from Columbia Title at the time of the acquisition.
Columbia Title’s team and business come into the WFG family with two existing office locations in Vancouver, Wash. According to WFG Chairman and CEO Patrick Stone, the move “is a natural progression of WFG’s growth in the Northwestern states. We have seen tremendous success in this market, especially with our local direct operations. Columbia Title, which has a long history of client focus and service, is a powerful match with WFG’s operations.”
Dennis Gish, county manager, formerly of Columbia Title, will manage the two Vancouver offices.
“We look forward to operating under the WFG culture,” said Gish. “We’ve also operated under the philosophy that absolutely nothing comes before the client. So, we expect our existing customers will continue to enjoy superior service as well as benefiting from an influx of client-focused resources that comes from working with one of the nation’s leading underwriters.”
The Washington Association of Mortgage Professionals (WAMP) has named the finalists of its 2016 WAMP Business & Humanitarian Leadership Awards. The Recipients of the 2016 WAMP Awards will be announced live Thursday, Oct. 13 at the ORCA Ballroom-Tulalip Resort & Casino, 10200 Quil Ceda Boulevard in Tulalip, Wash.
Outstanding Title/Escrow Professional
Outstanding “Rookie” of the Year
Outstanding Account Executive
Judy Debellis (2015 nominee)
Kelcey Myers (2015 nominee)
Outstanding Licensed Loan Originator
Wendy Charles (2015 nominee)
Outstanding Real Estate Professional
Sam DeBord (2015 nominee)
Steve & Mike Hurter (2014 Award Recipient)
John Kritsonis & Karl Lindor
Lynn Robertson (2013 Nominee)
Eric Robison (2012 Award Recipient)
Outstanding Media Professional
Ryan Hills (2014 Award Recipient)
“Jane Jones Award” for Outstanding Female Mortgage Pro
Kristine Moreland (2015 Award Recipient)
“Jim Fitzgerald Award” for Outstanding Male Mortgage Pro
Robert Lipston (2014 Award Recipient)
Autumn Van Rooy (two 2016 Nominations)
Outstanding Title/Escrow Company
Fidelity National Title (2015 Nominee/2014 Award Recipient)
First American Title Corp. (2015 & 2012 Award Recipient)
NexTitle (2015 & 2014 Nominee/2013 Award Recipient)
WFG National Title Company (2015, 2014 & 2013 Nominee)
Outstanding Affiliate Company
Alliance 2020 (2014 Award Recipient/2015 Nominee)
American Reporting Company (2015 Award Recipient)
Kidworth & Associates
Secure Show (2014 & 2015 Nominee)
Outstanding Media Company
Card Tapp (2014 Award Recipient/2015 Nominee)
RE Source (2013, 2014 & 2015 Nominee)
Scotsman Guide (2015 Award Recipient)
Outstanding Real Estate Branch or Team
John L Scott, Bothell
Keller-Williams, Seattle (2014 Award Recipient)
Outstanding Wholesale Mortgage Company
NYCB Mortgage Banking (2013 Award Recipient/2014 & 2015 Nominee))
Plaza Home Mortgage
USA Direct Funding (2014 Award Recipient/2015 Nominee)
Outstanding Retail Mortgage Company
Absolute Mortgage (2015 Award Recipient)
American Pacific Mortgage (2013, 2014 & 2015 Nominee)
Eagle Home Mortgage
Gateway Mortgage Group
Guild Mortgage Company (2015 Nominee)
Opes Advisors (2015 Nominee)
Washington First Mortgage Loan Corporation (2013, 2014 & 2015 Nominees)
Ocwen Financial Corporation, along with the Seattle King County NAACP, have announced that they will host a Help & Hope for Homeowners borrower outreach event in Des Moines, Wash. on Sept. 10. The event will be held in Des Moines to attract borrowers from Seattle and Tacoma, as well as the surrounding areas, where delinquency rates remain relatively high. The event for Ocwen customers will be held from 8:00 a.m.-2:00 p.m. at the Highline College Student Union Center (Building 8) at 2400 S. 240th Street in Des Moines.
The event will offer borrowers the opportunity to meet with Ocwen Home Retention Agents and U.S. Department of Housing & Urban Development (HUD)-approved financial counselors to explore loan modifications and other options, including principal reduction programs, to make their homes more affordable.
According to RealtyTrac, in King County–which includes Seattle–one in 2,353 homes is in foreclosure. In certain pockets of the city the foreclosure rate is much higher, such as in Seattle’s Industrial District where the foreclosure rate is one in every 253 homes. In neighboring Pierce County–which encompasses Tacoma–the rate is one in every 1,022 homes. In Tacoma, one in 980 properties is in foreclosure. In Des Moines, one in 844 properties is in foreclosure.
“Like many metropolitan areas, families around Seattle are still at risk of losing their homes and need help now,” said Jill Showell, senior vice president of Government and Community Relations at Ocwen. “Our Help & Hope for Homeowners events offer real solutions and relief to distressed homeowners. The NAACP is a trusted resource in the Seattle and Tacoma area, and together we are committed to helping borrowers qualify for loan modification options so they can better afford their homes.”
Ocwen is helping struggling borrowers remain in their homes, having completed more than 680,000 loan modifications to date, many of which included a principal reduction for borrowers whose mortgage exceeded the current value of their home. Ocwen is also a leading participant in the Government’s HAMP program, responsible for more than 30 percent of new HAMP volume and 42 percent of HAMP modifications involving principal reduction.
“The NAACP understands the significance of homeownership not only for individuals, but for the communities where they live and work,” said Dr. Sheley Secrest, economic development chair of the Seattle King County NAACP. “Owning a home gives families stability, pride and a vehicle for building wealth. Our local Help & Hope for Homeowners event will give borrowers the opportunity to stay in their homes by working directly with Ocwen Home Retention Agents and HUD-approved financial counselors to find real solutions.”
Seattle voters came out in support of Proposition 1, a referendum that established a $290 million seven-year property tax levy to fund affordable housing.
According to a Seattle Times report, the measure passed with 68 percent of voters approving the measure. Seattle residents earning 60 percent or less of the area’s median income—which would amount to $37,980 for one person, $43,380 for a couple or $54,180 for a family of four—would qualify for the new housing.
While most of the funding will be focused on the construction or renovation of approximately 2,150 units of rent- and income-restricted housing, approximately $26 million will be used to fund administrative costs, including salaries within the city’s Office of Housing.
Mayor Ed Murray, who supported the referendum, expressed delight over the voters’ decision. “I really do think this is a city defining what you do with economic inequality,” he said. “I’m a little amazed.”