Items Tagged with 'National Association of Mortgage Brokers'

ARTICLES

  • NAMB wants Congress to expand the protected classes to include veterans

    Demands Congress amend the Fair Housing and Equal Credit Op acts
    This week, the National Association of Mortgage Brokers pleaded with its members and the general public to join the organization as it continues to urge Congress to amend the Fair Housing Act and Equal Credit Opportunity Act. By demanding an amendment, NAMB hopes Congress will take corrective action by creating protections in housing finance and contracts for Veterans.
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  • NAMB blasts MBA-backed push for changes to LO compensation rules

    Mortgage broker group tells CFPB that proposal is “completely unacceptable”
    Last year, nearly 250 senior executives at some of the nation’s largest mortgage companies asked the Consumer Financial Protection Bureau to change the Loan Originator Compensation rule, which governs how much loan originators are paid. The lenders asked the CFPB to allow LOs to voluntarily reduce their compensation to allow them to compete in the market. Now, that group has a rather vocal opponent stating that those proposed changes are a “completely unacceptable” idea.
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  • Former NAMB president joins newly formed AIME

    Group adds compliance and regulatory council
    The newly formed Association of Independent Mortgage Experts announced it grew its leadership team with the addition of a senior vice president of legislative and government affairs. AIME announced former National Association of Mortgage Brokers President John Councilman joined its leadership team.
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  • NAMB seeks to ban credit bureau sales of trigger leads

    Urges Congress to add restrictions to bills
    The National Association of Mortgage Brokers, an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, announced it is seeking to ban the sale of trigger leads. The association explained mortgage trigger leads are created and sold by the national credit bureaus and are comprised of a significant amount of personal information from mortgage applicants.
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  • Want to become a mortgage broker? Here are tips on how to get started

    What are the common misconceptions?
    Mortgage brokers fall into the entrepreneur/startup category of the mortgage finance world. After taking a serious hit in the aftermath of the financial crisis, the industry is seeing a rebound in interest, especially as people think about how much money they can make if they work hard. So do you have what it takes to become a broker? Here's some advice from brokers themselves on where to start.
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  • Here's how NAMB, UWM plan to revive the independent mortgage broker channel

    Announce $500,000 KickStart program
    Mortgage brokers took a major hit after the financial crisis, vacating their individual businesses and fleeing to the security of working for a bigger company. However, a new initiative announced by the National Association of Mortgage Brokers and United Wholesale Mortgage is designed to regrow the mortgage broker channel. The KickStart program offers grants to loan originators aspiring to open their own mortgage shops. Looking to start your own company? Check the details inside.
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  • From HW Magazine

    Return of the correspondent lender

    An uneven road lies ahead -- but at least there's a road to begin with
    Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
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