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AHB aids unemployed customers

National Mortgage Professional
May 09, 2005

NAMB action alert: Association seeks info on wage and hour auditsmortgagepress.comminimum wage, overtime requirements, DOL enforcement, audits As part of the National Association of Mortgage Brokers' efforts to secure clarification from the U.S. Department of Labor (DOL) on whether loan officers are exempt from the minimum wage and overtime requirements of the Fair Labor Standards Act, the association is collecting information on NAMB members' experiences with DOL wage and hour audits and enforcement actions. Specifically, the association wants to know who has been subject to an audit or enforcement action, where the audit or enforcement action was conducted, the scope of the audit or enforcement action (i.e. job categories, type of alleged wage and hour violations), and the outcome of the audit or enforcement action. The information will be used by NAMB and its attorneys only for the purposes described above and shall not otherwise be disclosed or disseminated. Please e-mail all responses to NAMB Regulatory Counsel Nikita Pastor at [email protected] For more information, visit www.namb.org.
Published
May 09, 2005
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021