Government Affairs in Washington

NAMB Government Affairs Update

Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders

Click here to read more.

2013 Mortgage Survey - Rebates To Consumers

Last year, the Government Affairs team at NAMB conducted a survey of mortgage professionals to determine the amount closing cost credits given back to consumers at closing. The data overwhelmingly showed that in 2012, mortgage brokerages gave millions of dollars to consumers to help cover closing costs. 
Our data helped the mortgage industry get some very positive press and turn some heads in DC. Read the WAPO Story here!
We are now conducting the same survey for 2013. Please fill out the short 5 question survey and help NAMB help you.

Take the NAMB Survey HERE



Monday, August 25

I am starting off this week with some very exciting news for members of NAMB—The Association of Mortgage Professionals … NAMBPLUS.COM is now open! 
The NAMB+ Board has been working very hard on this project, and I am pleased to announce that you can now access this fantastic, NAMB members only, benefit for you to use. This Web site includes all of the companies that are giving some type of benefit to our members with cost savings for their products. Yes, you might not need for all of these services, but one of the things that I had in mind when NAMB+ was created was to give members some type of benefit that can help you as an originator or you as an owner. Now, this site is a secured site and is available for use by members of NAMB. 
Here are the instructions for you to be able to access the NAMB+ Web site. Your User Name to get in is your first initial and last name. Example, Don Frommeyer as a member would enter in “dfrommeyer.”

The Password is your member number (example: 3452654). So what if you do not know your Member Number? You will need to sign into the Web site and go into the “Membership” section to get your membership number. That is all you have to do. All of the contact information is there for you to begin using this new member benefit. Let us know how you like it! 

We are less than three weeks from NAMB National in Las Vegas and we are currently well over 2,000 registrants for the event. I am really excited that we are again growing this to such a large proportion. We have blown out our room reservations and the hotel is still taking them and for the same attendee rate until they are at capacity. If you are like most, you have waited. If you intend on going, I would advise you to register today as rooms are going very fast. Make sure that when you register, you register for the Awards Dinner as well. There are going to be some great surprises for all, and we get to announce the NAMB Mortgage Professional of the Year … who will it be this year? 

It has been a nice to be able to speak with customers again. I think this is the part of the business that I have missed the most with all of the traveling I do as president of NAMB. However, I will be in Florida for the Florida Association of Mortgage Professionals 2014 Convention & Trade Show, Sept. 4-5. So if you are in the Orlando area, visit to register for an excellent conference. Brian Webster, program manager for the Consumer Financial Protection Bureau (CFPB) and Jim Dunkerly, president of First Funding, will be on a panel discussing the mini-correspondent situation … a real must-see if you are there. 

If you cannot make it to Orlando, Mr. Webster and Mr. Dunkerly will be doing the same panel Monday, Sept. 15 at NAMB National, right after the Government Affairs Panel at 1:00 p.m. This is breaking news and you will need to be there … yes … the CFPB will be present at NAMB National on Sept. 15. 
I will also be traveling on Thursday, Sept. 11 to speak to the members of the Maine Association of Mortgage Professionals (MAMP) at the Maine Mortgage Expo 2014. I will speak in the morning and then hop on a plane for NAMB National in Las Vegas. 

I want to thank all of you for everything that you as members of NAMB are doing to make this association successful. I am truly grateful to all of you for your belief in me and in our Board … thank you!

Until next week!!!

Donald J. Frommeyer, CRMS, President 
NAMB—The Association of Mortgage Professionals


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NAMB National

Save the Date! 

NAMB National 2014 will be from September 12-15, 2014 at the Luxor Hotel Casino in Las Vegas, NV. More details to come.




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