Skip to main content

FAMP Goes to Washington

Kimber White
May 29, 2018
Allen Middleman, Jeff Parry, Rep. Charlie Crist (D-FL), Kimber White and Linda Knowlton in D.C. during NAMB’s Legislative & Regulatory Conference

On May 7, as FAMP President, I traveled and attended, with your dedicated industry FAMP members, to Washington, D.C. and attended the NAMB Legislative & Regulatory Conference. The State of Florida was truly represented.
 
Day 1 was filled with incredible industry related speakers and topics that included Patti Poss, FTC’s Division of Marketing Practices; Justin Ailes, VP of Government & Regulatory Affairs at the American Land Title Association; Mark Calabria, Chief Economist, Vice President Pence; Dan Smith, Assistant Director for the Bureau of Consumer Financial Protection; John Bell III, Deputy Directory of VA and James Ahm, General Counsel for Senator Reed (D-RI).
 
The culmination of Day 1 was Congressman Bill Posey (R-FL) who spoke and provided us with an update on HR 2570, The Mortgage Fairness Act of 2017. Congressman Posey is a “true friend” and supporter of our industry.
Day 2 started with Congressman Sean Duffy (R-WI), Chairman for the House Financial Services Subcommittee on Housing & Insurance, who addressed the group regarding updates on GSE Reform, Housing and Mortgage Market legislation and his own sponsored bill, HR 5534, the Give Useful Information to Define Effective (GUIDE) Compliance Act.
 
Among the many events that we attended, the most awarding for us was when we spent the day on Capitol Hill lobbying on your behalf and for our industry.
 
We had seven scheduled appointments that included meeting with staff members for Sen. Rubio, Congressman Yoho, Congressman Dennis Ross, Congresswoman Wasserman-Schultz, Congressman Francis Rooney and Congresswoman Kathy Castor. In addition, we had the honor and privilege to have a sit down and discussion with Congressman Crist and Congressman DeSantis. All of these meetings allowed us time to discuss our three talking points, which were bills currently filed in the House that cover important issues that affect our industry, and the need for bi-partisan support.
 
Our three talking points were:
 
►CFPB Guidance for the Industry-GUIDE Act
►Legislative Changes Needed to Ban Trigger Leads
►Removal of Lender Paid Compensation from QM Points and Fees Test
 
In today’s challenging times, we want you to know it is our mission at FAMP to be on the frontlines to advocate for our industry. This association provides you with information and keeps you informed to help you achieve your business and career objectives. As one of the oldest mortgage trade associations in Florida, we work tirelessly to be the voice for all mortgage professionals in Florida.
 
Through our lobbying efforts, along with other mortgage professionals nationwide, we are able to get important legislative reform passed that affects us like the recently-enacted Dodd-Frank reform.
If you are a FAMP member, we thank you. If you are not an FAMP member, please consider joining today … we need your support!
 
I am available to provide any information about a membership or answer any questions. Please feel free to reach out to me by phone at (954) 696-1435 or my e-mail [email protected] anytime. Thank you and I look forward to hearing from you.
Kimber White, CRMS is President of the Florida Association of Mortgage Professionals. He may be reached by phone at (954) 306-3500 or e-mail [email protected].

 
Published
May 29, 2018
Turning The GSEs’ Repurchase Policies Into Opportunity

Lenders selling to Fannie and Freddie have to take swift action and enact robust strategies to mitigate risk

The ‘Science’ Of Appraisals Gets Government Attention

Start now to prepare your Reconsideration of Value policy

Michael Eising Receives MBA Legacy Achievement Award

Indiana banker honored for three decades of service to mortgage compliance.

Rejected Mortgage Applicants Get Another Chance

FHA waiver removes the scarlet letter from denied borrowers.

W-2s For Originators, Montana Says

The state reminds employers that MLOs are not independent contractors.

Finally, Government Works

Different approaches could help boost home ownership