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Fifth Third Mortgage successfully implements Making Home Affordable program

National Mortgage Professional
May 05, 2009

NAMB's Government Affairs Committee coments on HVCCMortgagePress.comNAMB, HVCC, appraisals, HR 1728, The Mortgage Reform and Anti-Predatory Lending Act of 2009 Although the Home Valuation Code of Conduct (HVCC) goes into effect on May 1, the National Association of Mortgage Brokers is continuing the fight! Unfortunately, on Wednesday, April 29, the House Financial Services Committee voted against attaching the Miller/Childers Amendment to HR 1728, "The Mortgage Reform and Anti-Predatory Lending Act of 2009" requesting a delay of the HVCC, by a margin of only five votes. This does not mean the cause is lost! The fight continues! HR 1728 is tentatively scheduled to be voted on by the entire House of Representatives on May 7, 2009. NAMB continues to work closely with members of Congress and is exploring all possible options resulting in the withdrawal the newly implemented rule. NAMB will update members on new developments as soon as possible. Please visit the new HVCC Resource Center for more information.
Published
May 05, 2009
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