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Texas industry appointments update - 11/28/2007

National Mortgage Professional
Nov 27, 2007

NAMB gears up for looming HUD RESPA proposalMortgagePress.comHUD,RESPA As we went to press, the National Association of Mortgage Brokers was gearing up for a grassroots campaign in opposition to the U.S. Department of Housing and Urban Development's latest Real Estate Settlement Procedures Act (RESPA) proposal. The yet-to-be-released HUD RESPA proposal includes a four-paged Good Faith Estimate (GFE), rather than the one-paged GFE preferred by NAMB. In addition to the four-paged GFE, HUD would also require upfront disclosure of Mortgage Brokers' compensation. NAMB President-Elect Marc Savitt stated that NAMB opposes HUD's proposed GFE revision and will launch another grassroots campaign to combat HUD should the RESPA proposal be released as slated. In 2004, NAMB led a grassroots letter-writing campaign that yielded 45,000-plus letters from its membership and the mortgage community voicing an overall opposition to HUD's initial RESPA proposal. Visit www.namb.org for up-to-date information on the release of HUD's RESPA proposal.
Published
Nov 27, 2007
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
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JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
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SRE Mortgage Alliance Closing Wholesale Mortgage Division

Technology-based wholesale lender terminating all staff in El Segundo, Calif., by Oct. 31

Wholesale
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Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
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UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
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Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021