Appraisal Institute applauds Congress for passing housing bill

National Mortgage Professional

Jul 30, 2008

NAMB supports GSE aid: Fed plan would add stability to Fannie and FreddieMortgagePress.comNAMB, GSEs, Fannie Mae, Freddie Mac, Marc Savitt The National Association of Mortgage Brokers announced its support of the Federal Reserve Board's plan to open its discount window to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. "We applaud the Federal Reserve Board for its initiative," said NAMB President Marc Savitt, CRMS, "Fannie Mae and Freddie Mac play a pivotal role in the housing industry and, with the Federal Reserve's support, will continue to play a role in stabilizing the market. Fannie Mae and Freddie Mac help many borrowers achieve the dream of homeownership, and we commend Chairman Bernanke for his leadership." For more information, visit www.namb.org.

Link copied

Published

Jul 30, 2008

Tech

Big Purple Dot 'Hires' ChatGPT

Company integrates AI-powered chatbot with its customer relationship management platform.

An AI-powered chatbot now has a job managing customer relations in the mortgage industry. Big Purple Dot (BPD), an Irvine, Calif.-based provider of customer relationship management (CRM) and recruiting solutions for the mortgage and real estate industries, said Thursday it ...

Regulation and Compliance

CFPB Issues Final Rule For Reporting Small Business Lending Data

The rule could affect mortgage originators who work with property investors.

The Consumer Financial Protection Bureau (CFPB) said Thursday it has issued a final rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. While residential mortgage lenders were alrea...