Skip to main content

NAMB Seeks Industry Input for QM Impact Survey

John H. P. Hudson
Oct 30, 2013

The Government Affairs team of NAMB—The Association of Mortgage Professionals continues to work on mortgage professionals behalf with our regulators and lawmakers ... and we continue to make progress. The data we collected regarding mortgage broker credits to consumers was very helpful. Click here to view a copy of NAMB's letter to the CFPB on mortgage broker credits. In the meantime, please fill out this quick one page survey (NAMB QM Impact Survey). It is imperative we get this data. Don't worry, we will not share any of your personal data with anyone outside of NAMB. Thank you everyone for responding to NAMB's request for loan data. We are still compiling data from NAMB supporters and your help has been instrumental. If you have questions, please e-mail Rick Bettencourt at [email protected] Please read the following article, "The Take on Closing-Cost Rebates," written by nationally syndicated columnist, Ken Harney, regarding mortgage brokers. Just remember, NAMB fights for consumers and mortgage professionals everyday. Help us with our efforts. If you are a member, thank you for your support. If you are a future member, please visit and support your livelihood. Also, don't be afraid to call your representatives and tell them about the unintended consequences regarding consumers access to credit and the disparate treatment of small business mortgage professionals. John H.P. Hudson, CRMS is Committee Chair for NAMB—The Association of Mortgage Professionals. John was recently promoted to vice president of regulatory affairs at Premier Nationwide Lending. He may be reached by phone at (817) 247-4766 or e-mail [email protected]
Oct 30, 2013
6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

FHA Proposes New Program To Help Struggling Homeowners

Legal expert questions whether agency has authority to implement the program.

Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.

MBA CEO Criticizes Government Response To Economic Challenges

CEO Bob Broeksmit calls for sensible Regulation, clarity, and support for the mortgage industry.

Freddie Mac Updates Income Assessment Tool To Use Digital Pay Stubs

Says new capability helps lenders calculate borrower income more quickly and precisely.