Getting to know … NAMB 2008-2009 President Marc Savitt, CRMS

Sen. Dodd to maintain Senate Banking Chairmanship; banking priorities announcedMortgagePress.comSen. Dodd, Senate Banking Committee, foreclosures, unemployment Sen. Chris Dodd (D-CT) has announced that he will continue as the chairman of the Senate Banking Committee. With foreclosures and jobs losses mounting, Dodd said there was no more important way for him to serve his state and country than as the chairman of the Banking Committee. Dodd also outlined some of his priorities for the committee, to include: • Conducting oversight hearings on the Administrations adoption of the Emergency Economic Stabilization Act; • Creating a 21st century financial architecture to spur competition domestically and ensure that financial institutions are properly capitalized, regulated and supervised; • Strengthening protections for consumers in the such areas as mortgage lending, credit card lending and investor rights; • Meeting the country's housing needs; and • Addressing critical economic and national security challenges. Three members of the current Committee will not be returning for the next session of Congress. They include North Carolina Sen. Elizabeth Dole (R) who was defeated by Kay Hagan (D), and Sens. Wayne Allard (R-Colo.) and Chuck Hagel (R-Neb.), who did not seek re-election. For more information, visit banking.senate.gov.