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Chevy Chase Bank allies with SearchMyLoan.com

National Mortgage Professional
Nov 27, 2007

NAMB in the newsMortgagePress.comNational Association of Mortgage Brokers The National Association of Mortgage Brokers is constantly working on behalf of its membership to fight for the voice of the Mortgage Broker. Part of that fight includes appearances, interviews and rebuttals in the mainstream media by members of the NAMB Board of Directors when the broker industry is attacked. The following are a few instances of recent appearances by NAMB Board members. • NAMB President George Hanzimanolis was featured on the Sept. 20 edition of CNBC's "Close Call With Maria Bartiromo," discussing recent federal rate cuts and the impact of these cuts on homeowners. • On Sept. 20, NAMB President-Elect Marc Savitt discussed President George W. Bush's plan to help borrowers better understand the costs and fees associated with buying a home with The Wall Street Journal. • In late September, NAMB President George Hanzimanolis, President-Elect Marc Savitt, Vice President Jim Pair and Executive Vice President Roy DeLoach hit a number of media outlets, addressing a number of topics impacting the Mortgage Broker industry, ranging from FHA loans to government-sponsored enterprises. Television appearances during this media blitz included CNN International's "World Business Today," Bloomberg TV and MSNBC's "Closing Bell With Maria Bartiromo." • In late September, NAMB Executive Vice President Roy DeLoach defended the customer's right to choose their loan and warned against overregulation when he was interviewed by Reuters for quotes as Congress released an outline of a predatory lending bill being drafted by the House Financial Services Committee. • NAMB President George Hanzimanolis fired back at The Boston Globe in early October for its attack on Mortgage Brokers and for misinterpreting yield-spread premiums as bribes. • In two separate October interviews with Bloomberg News and American Banker magazine, NAMB President George Hanzimanolis called for improved consumer loan disclosures and said that NAMB has been working for years to make government and lender disclosure easier for borrowers to understand. • NAMB Immediate Past President Harry Dinham was quoted in early October in The Los Angeles Times as saying that Mortgage Brokers were being unfairly singled out by other groups the media for their role in the mortgage market meltdown. • NAMB Executive Vice President Roy DeLoach was quoted in an early October New York Times article on the problems with Washington Mutual's policy changes that would require Mortgage Brokers to disclose their fees and have WaMu staffers contact customers directly to make sure they understand terms of their loans. For more information, visit www.namb.org.
Published
Nov 27, 2007
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