As a wrap up to the 2009 NAMB/WEST event held in Las Vegas, I am writing this article to accomplish two things: One, to express my sincere appreciation to all the hard workers who made this event in Vegas a great success, and to give a big heartfelt THANKS. I want to say thank you to all who came out to the conference and fully packed the rooms of speakers for each and every session, and to say thanks for your respect that the National Association of Mortgage Brokers would put on a conference that makes it worthy of attendance like in year’s past.Read more

Like many of you in this time of unprecedented financial turmoil for our industry, I have wondered whether or not we as mortgage brokers will survive. And, if we do, what does our future hold? My answer to the first question is a resounding, “Yes!” There are many reasons that the mortgage broker will survive. First and foremost, the mortgage broker fills an important role that the consumer does not receive from any other channel of distribution.Read more

The National Association of Mortgage Brokers (NAMB) has submitted comments to the Federal Reserve Board (The Board) on the Proposed Rule amending Regulation Z. NAMB commends the Board for its efforts to fix problems that exist in the mortgage market, however certain aspects of the Proposed Rule will impede competition, fail to reflect the most current and authoritative research, and/or do not consider the most effective and least burdensome alternatives.Read more

The National Association of Mortgage Brokers (NAMB) applauds the U.S. Department of Housing & Urban Development (HUD) for its recent announcement to delay the Real Estate Settlement and Procedures Act (RESPA) Final Rule enforcement date by four months, to April 1, 2010. NAMB continues to work with HUD to clarify issues surrounding mortgage broker compliance with the new Good Faith Estimate (GFE) disclosure form.Read more

The National Association of Mortgage Brokers (NAMB) President Jim Pair has issued a letter to House Financial Services Committee member Rep. Walter Minnick (D) of Idaho to show support to vote for an amendment to HR 3126. HR 3126, better known as the Consumer Financial Protection Agency Act of 2009, was submitted by Reps. Travis Childers (D) of Mississippi and Gary Miller (R) of California. The full text of the letter is posted below.

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With the coming of fall, we will experience many changes, and I don’t mean only in the weather … Congress has concluded its summer recess and has returned to Washington, D.C. Without going into detail on each issue, the following are a few issues that the National Association of Mortgage Brokers (NAMB) is working on.Read more

The National Association of Mortgage Brokers will host a Webinar titled, "Emergency State of the Union: Live Q & A With NAMB President Jim Pair" on Thursday, Oct. 1 from noon-1:00 p.m. (EDT). The mortgage industry is facing huge challenges and NAMB President Jim Pair wants to hear from you, so that you may be heard on Capitol Hill. All are invited to join Jim Pair and Top of Mind's Mark Green on for the "Emergency State of the Union" interview this Thursday, Oct. 1.Read more

The National Association of Mortgage Brokers (NAMB) recently attended a meeting with newly appointed Federal Housing Administration (FHA) Commissioner David Stevens to discuss mortgage broker participation in the FHA program, among other important FHA issues. “NAMB appreciated the opportunity to meet with Commissioner Stevens to discuss the mortgage brokerage industry and its involvement with FHA,” said NAMB President, Jim Pair, CMC. “We believe it was an informative meeting for both parties.”Read more

Lately, with each subsequent passing of the gavel of National Association of Mortgage Brokers (NAMB) leadership, it could be equated to a grown up’s version of the game Hot Potato. Legislation, proposed regulations, a downsizing and consolidating industry, attacks from the media, public scrutiny … the list of cons related to the broker industry seems to outweigh the list of pros for each successive NAMB president of late.Read more

The National Association of Mortgage Brokers (NAMB) has met with newly appointed Federal Housing Administration (FHA) Commissioner David Stevens to discuss mortgage broker participation in the FHA program, among other important FHA issues. “NAMB appreciated the opportunity to meet with Commissioner Stevens to discuss the mortgage brokerage industry and its involvement with FHA,” said NAMB President Jim Pair, CMC. “We believe it was an informative meeting for both parties.”Read more