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 18

Well we are only four weeks away from the start of NAMB National’s 40th Anniversary Party. Are you registered to come? Do you have your hotel reservations locked in? Right now, we have more than 2,000 registered to come to the event. My goal for registrations was 2,600, and it looks like we will reach that mark. This is great news as just four years ago, we were struggling to get 400 people. 

Times are better, and to be frank, we are a better breed of originator today. I feel that those who are still around have been through the war and we are surviving. Membership is up and we have tripled our number of Lending Integrity Seal of Approval members. I want to thank all of the members of the Membership Committee for working so hard to get this to these numbers to where they are today. 

Last week, there was a statement made by Alex Sanchez, president and CEO of the Florida Bankers Association about mortgage brokers. The statement was wrong and we had numerous rebuttals that were very professional and to the point by a lot of people. I am very proud that the rebuttals were not threatening or out of line. NAMB itself sent a letter to Mr. Sanchez, and as of today, I have not received a response. But I am sure I will. The copy of my letter should be on our Facebook page very soon.

Monday, Sept. 15 at NAMB National is going to be great. First, we are having roundtable discussions for loan originators to learn more about products and programs from lenders. This will be starting at 10:00 a.m., and at 1:00 p.m., we are going to have a Government Affairs Panel that will go over what we are working on and will bring you up-to-date on our meetings with the Consumer Financial Protection Bureau (CFPB). I am working on having an additional panel at 1:45 p.m. to discuss the mini-correspondent situation that is causing great concern in our industry. You are not going to want to miss this fantastic event. I will let you know about who will be on this panel next week. I promise you that you will not be disappointed. This will be an event that will make NAMB National worth the trip, but you need to make sure you register for the event as only those who are registered will be granted entry. 
Just a note to everyone, please change your e-mails for me to donald.frommeyer@gmail.com going forward. This e-mail and president@namb.org are the only two e-mail addresses that now work for me. 

If you are a member of the NAMB Delegate Council, you should have received your Delegate Book from John Councilman and NAMB. It is important that you read this book and familiarize yourself with the information within it. That will make your meeting better and you will be prepared for the presentations. If you are a Delegate Council participant and have not registered yet for the event, please contact John Councilman at jlc@amcmortgage.com and talk with him directly. He will discuss the book and talk with you about options. You need to do this immediately as we are running out of time. 

I have made the decision to continue writing my Monday Morning Messenger going forward. It has had a great response over this past year, and I feel that I can still bring good information to you about our industry. I will have some exciting news to share with all of you in about two weeks, so stay tuned. 

I want to thank all of you for everything that you, as members of NAMB—The Association of Mortgage Professionals, 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 
president@namb.org www.joinnamb.com

NAMB+ FEATURED ENDORSED PROVIDER OF THE WEEK

  The Monday Morning Messenger is Sponsored by NAMB+

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NAMB App

Download the NAMB App for iOS and Android 

Click here to download in iTunes store. Click here to download in Google Play store.

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!

NAMB Webinar: Getting More Business With Realtors

August 5, 2014, 12:00 PM EDT

Please Click here for additional information.


 

 

 

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