New Hampshire Mortgage Bankers and Brokers Join NAMB

The Board of Governors for the Mortgage Bankers and Brokers Association of New Hampshire this week unanimously voted to join the National Association of Mortgage Brokers (NAMB).

The New Hampshire state association, which has long been a member of the Mortgage Bankers Association (MBA), said that its small business members needed the added support that NAMB offers through its education and legislative programs.

“We serve larger banks and small business brokers,� said Meg Malette, the New Hampshire association’s executive director. “While our MBA membership meets the needs of some our members, we knew that we needed something more for the mortgage brokers and mortgage bankers who face much different challenges than the big banks.�

Under the new agreement with NAMB, the association will remain with MBA and join NAMB. Its members will then have the opportunity to join NAMB as individual members as well.

“The Mortgage Bankers Association primarily represents the 10 or 15 largest banks in the nation,� said NAMB President Harry Dinham. “NAMB is most suited to protect the interests of small business owners in our industry. We believe that we can better represent many of the New Hampshire members in Congress and through our strong broker and banker education programs.�

The Mortgage Bankers and Brokers will now become NAMB’s New Hampshire state affiliate, Dinham said.

For more information, visit http://www.namb.org.