What is NAMB doing for you?

Looking for the latest on what NAMB is doing for mortgage brokers? Visit our NAMB Legislative Action Center, or try our NAMB Government Affairs Homepage. Members get immediate Legislative Alerts via e-mail! Join NAMB today and take advantage of these updates and more.

 Financial Regulatory Reform Bill Signed into Law

On July 21, President Obama signed into law the "Dodd-Frank Wall Street Reform and Consumer Protection Act."  For NAMB's press release, please click here.

Homebuyer Tax Credit/Flood Insurance Program Extended

On July 1, President Obama signed into law H.R. 5623, the "Homebuyer Assistance and Improvement Act" and H.R. 5569, the "National Flood Insurance Program Extension Act."  H.R. 5623 extends the first-time homebuyer tax credit to October 1, 2010 for borrowers who've entered binding contracts by April 30, 2010.  H.R. 5569 extends the NFIP through September 30, 2010 and reauthorizes the program retroactive to May 31, 2010.

USDA Loan Guarantee Program

The USDA Rural Housing Service Loan Guarantee Program recently ceased all funding of rural loans due to exhausted funds.  For more information on legislative efforts to extend additional funding, click here.

NAMB Submits Comments on NMLS Mortgage Call Report Proposals

On May 14, NAMB submitted a comment letter to the Conference of State Bank Supervisors (CSBS) on its proposed implementation of the NMLS Mortgage Call Report.  For more information, please click here.

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