By now, I am sure you
have already heard the news regarding the CFPB's latest proposals,
especially regarding flat fee compensation instead of origination fees
tied to a loan amont. (Read the NY Times article here).
What you probably have
not read is the actual Small Business Review Panel Outline of Proposals
and Alternatives. This is where NAMB needs your help. Please read the
proposals and discussion questions and send us your feedback. If you
care about your industry and livelihood, then you will help us formulate
responses to work with the CFPB to promote consumer choice and
protection withour destroying small business and competitive fair
markets.
Your NAMB volunteers
continue to fight the good fight, stay the course, and keep the faith.
However, we cannot do this alone. We need more than a few thousand of
the hundred thousand MLO's to participate.
Here are the proposals:
We
need your participation and support...get involved today. NAMB is a
non-profit trade association made up of volunteers that are passionate
about the preservation and promotion of consumer choice, small business,
and the well-being of ALL mortgage industry professionals. We have been
fighting for the mortgage industry since 1973....Join us in our
efforts. Support YOUR Industry, Fight Back, Join NAMB Here
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