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smartbriefThis complimentary resource is aimed at bringing you a quick, two-minute read that will help you keep up-to-date with the latest news and trends in our profession. SmartBrief will provide short summaries of the news articles that will be of interest to you as a community association manager. We know it will save you time, keep you informed and add to your success. I hope you will subscribe.

Here’s what you missed this week:

Bipartisan House coalition protests lessened government role in condo financing A bipartisan group of 56 members of the House of Representatives has filed a protest regarding the lessened role of the federal government in the financing of condominium purchases. The Federal Housing Administration has set many restrictions on financing that have deprived would-be purchasers from selecting one of “the most affordable home­ owner­ship options for first-time buyers, small families, urban and older Americans,” said the letter, which was addressed to Department of Housing and Urban Development Secretary Julian Castro. Boston Herald (11/1)

N.J. state senator introduces HOA transparency bill New Jersey Senate Republican Leader Tom Kean has introduced legislation that would require more transparency from HOAs in the state. If the bill passes, the Association Homeowners Protection Act of 2015 would make it mandatory for HOAs in New Jersey to provide its members with certain key information: copies of current insurance policies within a timely manner, a 24-hour emergency phone number, the most up-to-date budget information and board member contact information. WKXW-FM (Trenton, N.J.) (10/27)

Report: Fewer borrowers with high credit scores are refinancing Fewer borrowers with high credit scores are refinancing their homes, according to a report from Black Knight Financial Services. However, the change is likely because of previous refinancing by such borrowers. Meanwhile, origination volumes for buyers with lower credit scores have remained mostly unchanged. HousingWire (11/2)

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About CMCA ~ The Essential Credential

CAMICB is a more than 25 year old independent professional certification body responsible for developing and delivering the Certified Manager of Community Associations® (CMCA) examination. CAMICB awards and maintains the CMCA credential, recognized worldwide as a benchmark of professionalism in the field of common interest community management. The CMCA examination tests the knowledge, skills, and abilities required to perform effectively as a professional community association manager. CMCA credential holders attest to full compliance with the CMCA Standards of Professional Conduct, committing to ethical and informed execution of the duties of a professional manager. The CMCA credentialing program carries dual accreditation. The National Commission for Certifying Agencies (NCCA) accredits the CMCA program for meeting its U.S.-based standards for credentialing bodies. The ANSI National Accreditation Board (ANAB) accredits the CMCA program for meeting the stringent requirements of the ISO/IEC 17024 Standard, the international standards for certification bodies. The program's dual accreditation represents compliance with rigorous standards for developing, delivering, and maintaining a professional credentialing program. It underscores the strength and integrity of the CMCA credential. Privacy Policy: https://www.camicb.org/privacy-policy

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