The National Association of Mortgage Brokers (NAMB), the Association of Mortgage Professionals, has recognized June as National Homeownership Month, an important time for the American economy and American consumer as the housing industry continues its recovery. “NAMB applauds Rep. Gary Miller (R-CA) for his resolution recently passed by the House of Representatives recognizing June as National Homeownership Month, and for his hard work on and commitment to the recovery of the housing industry,” said NAMB President, Jim Pair, CMC.
As Congress continues to debate of a monumental financial regulatory reform package, NAMB continues to advocate for preventing predatory practices and protecting consumers through the homebuying process, promoting healthy competition to drive down costs for consumers, and ensuring that small business mortgage professionals from being disparately treated.
“Purchasing a home is one of the most important financial decisions a person will ever make,” said Pair. “Mortgage brokers work with Americans to fulfill the dream of homeownership by helping navigate through the home buying process and the many available financing options. By increasing competition, mortgage brokers drive down costs, which benefits consumers.”
To help educate consumers about the process of buying a home and the benefits of homeownership, NAMB provides the “Tools for Home Buyers” tab on its Website. The consumer homepage features:
► Frequently Asked Questions to answer common inquiries on a mortgage broker’s role in the home buying process and the mortgage broker industry.
► A link to the Federal Trade Commission (FTC) for more information on how consumers can protect themselves from identity theft.
► The ability to search NAMB-Certified Mortgage Brokers who have attained the highest levels of professional expertise by meeting tough eligibility requirements, passing a rigorous exam and committing to continuing education. This is in addition to a code of ethics required of all NAMB members.
► A way for consumers to submit complaints to the proper state authorities should they have experienced a problem when financing a home.
► A link to the Federal Bureau of Investigation (FBI) to help consumers and industry professionals report mortgage fraud.
For more information, visit www.namb.org.