namb: NAMB FHA/HUD Webinar
- 11/30/09 01:51 AM
Title: "NAMB / HUD Webinar"Link: http://www.slideshare.net/markmadsen/namb-hud-webinar-2580892 You do not want to miss this one! (1 comments)
namb: NAMB WEBINAR-TUESDAY Dec 1st!!!
- 11/25/09 02:24 AM
Dear NAMB Member: Please join HUD and NAMB this Tuesday for a webinar entitled "FHA/HUD - What Originators Need to Know about RESPA, FHA Broker Approval and Appraisal Reform" on Tuesday, December 1 at 2:00pm ET (1:00pm CT, 12:00pm MT, 11:00am PT). Tune in, send questions and find out what to expect in 2010! NAMB is hosting this webinar to provide originators with the most critical information regarding impending RESPA, appraisal and FHA Broker (mini-eagle) approval reforms. Our knowledgeable panelists are excited to share the most up-to-date information with you. Register here. Below is an overview of what will be covered during the webinar: Panelists: Ms. (0 comments)
NAMB Fights for You November 3, 2009 GSE Loan Limits Extended On October 29, 2009, the House and Senate passed legislation to extend government sponsored enterprises (GSEs) loan limits until December 31, 2010. Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) can back loans as large as $729,750. President Obama is expected to sign the legislation soon. NAMB has advocated the extension of these loan limits in House and Senate testimony and letters to Congress. NAMB Supports Extension of First-Time Homebuyer Tax Credit On November 2, 2009, NAMB sent a letter to the House of (1 comments)
Today the House Financial Services Committee approved H.R. 3126, the "Consumer Financial Protection Agency Act of 2009" 39-29. NAMB commends and appreciates your participation in the Calls-to-Action by contacting your Representatives and urging them to vote for specific amendments to the bill. Two important amendments offered impacted the HVCC and RESPA.
NAMB is pleased to report that an amendment under the leadership of Rep. Gary Miller (R-CA) and Travis Childers (D-MS) and offered by Miller, Childers, Donald Manzullo (R-IL), and Michele Bachmann (R-MN) to sunset the Home Valuation (0 comments)
namb: NAMB President Jim Pair urges Representative Minnick to support HR 3126 reversing HVCC
- 10/21/09 01:58 AM
October 20, 2009 Dear Representative Minnick, I am writing to you today on behalf of the National Association of Mortgage Brokers (NAMB) to urge you to vote for an amendment to H.R. 3126, the "Consumer Financial Protection Agency Act of 2009," submitted by Representatives Childers and Miller (CA). The amendment seeks to reverse the harmful Home Valuation Code of Conduct (HVCC) and calls on regulators to work together on one set of appraisal standards. Click here to view a petition with over 100,000 signatures of Americans calling for the HVCC to be overturned. You may select your home state to find (4 comments)
namb: Joint letter on RESPA REFORM
- 10/14/09 09:28 AM
October 14, 2009 The Honorable Barney Frank The Honorable Spencer Bachus Chairman Ranking Member Committee on Financial Services Committee on Financial Services U.S. House of Representatives U.S. House of Representatives Washington, D.C. 20515 Washington, D.C. 20515 Dear Chairman Frank and Ranking Member Bachus: As the Financial Services Committee considers H.R. 3126, the Consumer Financial Protection Agency Act, the undersigned organizations representing the real estate finance industry urge the committee to adopt an amendment, expected to be offered by Representative Judy Biggert, that would require the Department of Housing and Urban Development (HUD) to provide for a more gradual implementation period for (2 comments)
namb: NAMB State of the Union Webinar
- 10/02/09 03:02 AM
If you missed the webinar we have the link so you can see it any time! This was our first attempt at communicating with our members and non members in this manner and we are stoked! I applaud Mark Green, Top of Mind and Mark Madsen, myfhablog.com!!! They volunteered their time for NAMB members to be updated on what NAMB is doing for its members. My sincere THANKS go out to them for all the time they put out on this great project. It let NAMB see a definite call for information to be given out in a different manner than we have used in the (0 comments)
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namb: NAMB Lesiglative Update
- 09/21/09 03:17 AM
TO: All NAMB MembersFROM: NAMB Government AffairsDear NAMB Members:On September 18, 2009 the Department of Housing and Urban Development (HUD) released Mortgagee Letters 09-28, 09-29, 09-30. These mortgagee letters contain provisions similar to those seen in the Home Valuation Code of Conduct (HVCC). Mortgagee Letter 09-28 prohibits "FHA-approved lenders... from accepting appraisals prepared by FHA Roster appraisers who are selected, retained or compensated in any manner by a mortgage broker or any member of a lender's staff who is compensated on a commission basis tied to the successful completion of a loan." Mortgagee Letter 09-29 states, "In cases where a borrower (0 comments)
namb: Another NAMB members speaks of the Benefit of being a member!!
- 09/09/09 04:06 AM
I am an active member of NAMB because my membership provides many resources that many small business owners can't afford. NAMB fights for me business on the national and regional level. Having a professional legal team is important. In addition, my association with NAMB offers education courses that separate me from my competition. finally, being a member saves me money on supplies and marketing programs through member discounts.
Become a member, you will not regret your decision.
Gervy G Papion President, Louisiana Mortgage Lenders Association (0 comments)
namb: Benefit of being a NAMB member from a actual NAMB member
- 09/08/09 04:25 AM
I have asked for NAMB Members to send me reasons why they are members of NAMB. What has NAMB done for you and your business? Here is a comment from Mr. Everett Ives of Texas "NAMB was fighting for Originators when EVERY ONE else was fighting over FNMA and Freddie MAC, over banking reserves, over servicing issues and in some cases attempting to eliminate mortgage brokers. NAMB is still young in the Trade Association industry but it has succeeded in connecting with all the top agencies, officials and regulators and sustaining dialog with them." Everett Ives Everett Ives and Associates Mortgage Industry (0 comments)
namb: NAMB working for you!!! Wondering what they are up to????
- 09/03/09 10:18 AM
What are we doing today? Check here for daily updates on what NAMB Government Affairs is doing to protect the industry.Wednesday, September 2, 2009 NAMB is preparing content for News from NAMB. NAMB is continuing to review the FRB's Proposed Changes to Regulation Z (TIL). Comments are due by December 24, 2009. Tuesday, September 1, 2009 NAMB is currently reviewing the language contained in H.R. 1728 for its implications for mortgage brokers. Click here for more information on the bill. NAMB is continuing to review the FRB's Proposed Changes to Regulation Z (TIL). Comments are due by December 24, 2009. NAMB (0 comments)
namb: NAMB NEWS
- 08/25/09 03:28 AM
NAMB officials met with FHA Commissioner to discuss mortgage broker participation in FHA. View the press release here http://ow.ly/lbV0 (2 comments)
namb: Meeting in Birmingham today with Rep. Spencer Bachus
- 08/04/09 01:44 AM
Meeting in Birmingham with Ranking House Member on Financial Serivces Committee Spencer Bachus! We have the hope that many brokers, realtors, appraisers and lenders will show up with letters from CONSUMERS that have been harmed by the HVCC. I have my letter and will be there! I hope you will join us! Consumers will pay 2.8 BILLION more in APPRAISAL fees this year alone because of the HVCC. Not to mention the deals that will not close due to turn times! Those are just afew of the issues that are harming consumers! I am trying to do my part to help, (0 comments)
Your efforts to fight the HVCC are not going unnoticed!
Thanks to you, on Wednesday, July 22, the Federal Housing Finance Agency (FHFA) issued a notice on the HVCC in an attempt to stem increased criticisms about its affect on the mortgage and housing industries. Also, Fannie Mae and Freddie Mac have revised their HVCC FAQs.
FHFA Notice - Strengthening Appraiser Independence and Improving the Valuation ProcessFannie Mae FAQ
Freddie Mac FAQ
This is in direct response to your persistence in following the NAMB Call to Action, and NAMB's (3 comments)
namb: JULY 30th is coming ARE YOU READY????
- 07/29/09 03:38 AM
July 28, 2009 Dear NAMB Members,As you know, the new Truth in Lending requirements will be going into effect on July 30, 2009. The following website will provide you with updated TIL forms. Click here. Please follow the instructions for downloading the Point program to your computer and then download the new TIL forms. If you have any issues you may contact the provider, Calyx, here. (2 comments)
namb: NAMB Call to ACTION on HVCC
- 07/21/09 02:25 AM
NAMB needs you to contact your Representatives and urge them to co-sponsor HR 3044! www.namb.org Help us keep our doors open! Penny Fagan, CRMS
(0 comments)
namb: Florida Mortgage Brokers have a new board of Directors
- 07/20/09 07:42 AM
Florida Mortgage Brokers have a new board of Directors. Florida Mortgage Professionals Association has a new board. Check out their web site. FLMPA is the Official Florida Affiliate with National Association of Mortgage Brokers, #NAMB! http://www.flmpa.net/Page_2.html (1 comments)