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Freddie Mac survey: Long-term mortgage rates relatively flat: as housing industry remains in slump

National Mortgage Professional
Aug 07, 2008

A message from the NAMB/SOUTHEAST Advisory CommitteeNAMB/SOUTHEAST Advisory CommitteeNAMB, New Orleans, Hilton Riverside Hotel, NAMB SOUTHEAST, trade show, convention NAMB/SOUTHEAST "Renewing, Rebuilding and All That Jazz" Friday-Tuesday, August 22-26 Hilton Riverside Hotel New Orleans It's not too late to register on-site for NAMB/SOUTHEAST, the first-ever National Association of Mortgage Brokers conference designed specifically for NAMBs southeastern state affiliates. For the most up-to-date information, visit You can also register for a special show floor-only pass for Tuesday. Join the state affiliates from Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee in New Orleans for this exciting event. This will be your best opportunity to gain valuable information that will help your business right away! We have an awesome lineup, with lots of exciting opportunities for education, networking and more! Conference session highlights include: Saturday, August 23: The Power of Partnerships This full-day symposium includes such informative topics as the Federal Housing Administration (FHA); government-sponsored enterprises, with representatives from Fannie Mae and Freddie Mac; government affairs; foreclosures; and much more! In addition, NAMB is offering a prep course designed to provide an intense learning experience for mortgage professionals who are planning to get certified. This course will help prepare you for both the Certified Residential Mortgage Specialist (CRMS) and Certified Mortgage Consultant (CMC) exams, give you a feel for what the actual exams will be like, improve your performance, and increase your confidence. An additional fee applies for this prep course. Monday, August 25: Roundtable Discussions Attend "Building Successful Relationships," and with your combined commitment, enthusiasm and excitementtogether, we can make a difference! Take part in Monday's Industry Partners' broker workshops, "Back to Basics: Building Business in a Changing Market" with Fannie Mae and "Realizing Possibilities in a Changing Market" with Freddie Mac. Tuesday, August 26: Leadership Forum Join us for "Visions for the Future," an open discussion with industry experts, including NAMB President Marc Savitt, CRMS and other key industry experts, including: A representative from Wells Fargo Home Mortgage; Alabama Mortgage Brokers Association President Craig McMurtrey; Louisiana Mortgage Lenders Association President Sal Bernadas, CRMS; Kentucky Mortgage Brokers Association President Ron Mitchell, CRMS; Georgia Association of Mortgage Brokers President Walter Moody IV; Mississippi Association of Mortgage Brokers President Jeff Farnham, CMC, CRMS; and more. Join with our Industry Partners for a second day of broker workshops, including: "Think Wells Fargo and Stay in the Race," with Wells Fargo Home Mortgage; "To Be or Not To Be (An Independent Mortgage Broker) & That is the Question," with 1st Metropolitan Mortgage; "Jump Start to Commercial Lending," with Silver Hill Financial LLC; and a session from InterBay Funding LLC. The Exhibit Hall! Nearly 50 exhibiting companies have signed up, and many more are expected. Look for the latest products, opportunities, programs and professional services available to today's mortgage professionals. Join us at 4:00 p.m. on Monday, Aug. 25 for the Exhibit Hall Preview and Opening Reception. Be sure to attend when the exhibit hall reopens on Tuesday, Aug. 26 at 1:00 p.m. Need education credits? More than 70 hours of continuing education are being offered at NAMB/SOUTHEAST. Courses include: NAMBits Intro; ABCs of FHA; 203K; Protect Your Business: The Customer, the Law and You; Introduction to Appraisal Underwriting; Nations Fair Lending Laws; Veterans' Administration Loans; Intro to Ethics, Case Study; Identity Theft; ABCs of Conventional Lending; Truth-in-Lending Act (TILA); Commercial 101; Shut the Door on Fraud; Reverse Mortgage Lending Module 3; Analysis of the Self-Employed Borrower; and Shedding Light on Credit Scoring. You'll get all this and much more by attending the inaugural NAMB/SOUTHEAST show in New Orleans. Also, arrive early or stay late to enjoy what New Orleans is known for, the incredible food. The fourth annual New Orleans restaurant celebration, "COOLinary New Orleans," will be taking place through Sunday, Aug. 31. The celebration, which features special menus and pricing at restaurants throughout the city, is a natural fit for a city whose cuisine is an integral part of its history, fabric and culture. Restaurants are offering specially priced COOLinary three-course menus during our stay for NAMB/SOUTHEAST. Enjoy lunch for $20 or less and dinner for $30 or less. For the listing of participating restaurants, visit
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