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Money talks: The future of our industry may depend on a click of your mouse

Jim Pair
Aug 27, 2009

Over the past years, the Government Affairs Committee of the National Association of Mortgage Brokers (NAMB), NAMB Chief Executive Officer Roy DeLoach and his team at NAMB have worked tirelessly to ensure that our industry is protected from harmful legislation, rules and regulations. NAMB’s reputation in Congress and the various federal agencies has grown to the point that we are asked for advice before legislation or new rules and regulations are proposed. Because of this, many of the things that have been advocated by NAMB for many years are now reality. For example, we have advocated licensing for all loan originators, a national registry for all loan originators and for more education. With the passage law HR 3915, we now have all of this. It would not have happened if not for the work of our team and the support of certain representatives and senators. These elected officials have supported us through thick and thin by sponsoring and co-signing legislation that protects our industry. They have held hearings that allowed us to clarify our position on certain issues and signed on to letters sent to agencies supporting our industry. Now, they need our support in their bids for re-election. We can only ask for their support so many times without us helping them. If we want their support, it is only fair that we support them. Even now, more than ever, this year is especially vital that we help them get re-elected. We will face major legislation that could severely damage our industry if we do not have their support. Our friends in Congress need our Political Action Committee (PAC) money to support their campaigns for re-election. Our PAC funds, however, are at an all-time low. It is imperative that we rebuild these funds to be able to support those who have supported us. I urge each of you to log on to www.namb.org, click on the “Government Affairs” tab and click on the “NAMBPAC” drop down menu. There, you can use your personal credit card to make a contribution for one year. Choose any amount you want to contribute on a monthly basis. This is the most important investment you will make to insure the protection of our chosen profession … I cannot stress this enough. If every NAMB member did this, we would have the means to show our support to those who have supported us. We have the boots on the ground with our Government Affairs Committee and with Roy and his team. Let’s help them and protect ourselves. Make your PAC contribution now, I am! Jim Pair, CMC is with Mortgage Associates Corpus Christi and is president of the National Association of Mortgage Brokers.   
Published
Aug 27, 2009
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