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Tom Butts

LO Compensation April 1st, 2011

Tuesday, March 1, 2011 - Article by: Tom Butts - Anthem Mortgage Professionals, Inc - Message

Come April 1st, 2011 the Federal Reserve Board or FRB will institute a new law that will force mortgage professionals to chose a lender paid or borrower paid scenario.  Although the government thinks that this will protect the consumer, but it is going to drive out the competition and with less competition not only will rates increase, the costs the consumer pays for a loan will also increase not to mention the reduction of available mortgage products.

Help fight this implementation date of April 1st 2011 by donating whatever you can to www.namb.org who is currently filing a lawsuit against the FRB saying that it is going to slow the housing market down further, raise the unemployment, and hurt the consumer like never before. To get a Colorado customized current rate quote click here www.AnthemLoans.com and do the "quick quote" on the right hand side of the page.

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