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.
