Government Affairs in Washington Today

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, July 21

This has really been a very good week for NAMB—The Association of Mortgage Professionals. On Tuesday, NAMB Government Affairs Chair Rick Bettencourt, President-Elect John Councilman, Lobbyist Roy DeLoach and I went to Washington, D.C. and had a very productive meeting with the Consumer Financial Protection Bureau (CFPB) on a number of topics, including the newly released guidelines on mini-correspondents. NAMB does have a lot of questions on the mini-correspondent issue, and we will be meeting with the CFPB at a later date to go over these items in-depth. Please continue to pay attention to the Government Affairs Alerts to keep you up-to-date on all of these issues and much more from the regulatory front. You can also see our videos on the NAMB Web site about this trip to D.C.

On Wednesday, I flew to Sacramento, Calif. to attend the California Association of Mortgage Professionals (CAMP) State Leadership Conference. The association’s new President Michele Velez had her Executive Board Leadership Meeting with all of the CAMP Statewide Chapters, and her board and I must admit, this state is a very active state. I had a few minutes to update them on our trip to Washington, D.C. and the upcoming NAMB National Conference.

CAMP’s Conference was packed with great speakers. Maria Nemeth spoke about “The Energy of Money,” discussing instilling trust into the customer and being grateful for them as customers and people. Carl White was next, and I have to admit, this was the first time that I have seen him in person. Carl talked about listening to the “little guy on your shoulder” to help make your decisions. When you are about to follow what you want to do and this little guy starts talking to you, just flick him off of your shoulder and move forward. Great job Carl. Rene Rodriguez from was next and discussed the new agreement his company has made with the NMLS to get the entire database of originators put into their program. This is very neat because you will soon go looking on their Web site to see what kind of rating and personal references you are getting from your realtors and customers. This is a really neat concept based on looking for reviews to go to hotels, motels, car rental companies, etc. I think that this is going to be important to all of us in the near future. Go to and register for this unique opportunity today. 

The last speaker was someone that I have never seen or heard, and I am telling you, he is a dynamic speaker and I am hooked. Kevin Hall, author of the book Aspire, talked about words and their importance in your life, the desire to be a better person, and the effect to make yourself better. I was truly impressed and even bought his book. I think that everyone, including me, are always looking to improve their well-being and humility. Some of the greatest 60 minutes I have ever spent. Thanks for giving me this outlook to move forward and knowing that I have the PASSION for NAMB in my life. 

I announced earlier this week that I am forming an 18-month Mentoring Program at NAMB for upcoming potential presidents of the association. I hope to make this an ongoing committee in the future. I will be including all of the Executive Board members in this project in an effort to make sure our future presidents are prepared for what is coming in the future and to provide them the insight and communication skills needed to succeed in the role of NAMB president. I will also begin a similar program for state leaders that will help them with their states at the local level and for them to become future Board members of NAMB. I will have more about this program for the states out very soon, or at NAMB National in September in Las Vegas. 

NAMB National is accepting registrations and room reservations for the conference now. Go to now and get the process started. The room cost at The Luxor is one of the lowest we have ever been able to offer. Friday and Saturday nights are $115 per night, and Sunday and Monday are $50 per night. Please make sure that you use your special code from the vendors to get your free registration. If you have not received one, visit, look at the exhibitors and call your local rep to get one. No sense in paying for your registration if the lender will do it for you. 

I will actually not be traveling for the next two weeks, trying to get to loans in my pipeline. I really want to thank all of the state leaders who have gone out of their way to make me feel welcome in your respective states. It is really appreciated, and I thank you all. 

The week of Aug. 4, I will be going to Seattle for the American Association of Residential Mortgage Regulators (AARMR) Conference, finishing that week in New Orleans for the Louisiana Mortgage Lenders Association (LMLA) Education Conference. If you need your continuing education for this year and you are going to be near New Orleans, sign up. David Luna is teaching the class, and as you all know, he has a great teaching method and you can get some great information from him. Visit today to get signed up. 

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