Skip to main content

Fifth Third Mortgage successfully implements Making Home Affordable program

May 04, 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.
About the author
Published
May 04, 2009
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024