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NAMB

The GSEs updated their rules for condo loans. Will they be helpful or harmful?

Fannie Mae, FHFA, Freddie Mac, GSEs, HWmember, LendingLife, Mortgage, NAMB, Regulatory /

Fannie Mae and Freddie Mac last week enacted updates to condominium project standards and property insurance rules for one- to four-unit properties and larger developments, aiming to lower costs for homeowners. The moves have been met with mixed opinions from mortgage professionals. The updates, which Fannie Mae and Freddie Mac announced on March 18, allow greater leeway […]

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Trigger leads restrictions rewrite mortgage outreach rules

HWmember, Lead Generation, Legislation, Marketing, Mortgage, NAMB, Origination, Regulatory, Regulatory Compliance /

The mortgage industry is starting to work through major changes after a federal law restricting abusive trigger leads took effect this week, limiting when credit bureaus can sell a borrower’s information to competing lenders. The policy stems from the Homebuyers Privacy Protection Act (S.B. 3502), which amends the Fair Credit Reporting Act to curb the

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NAMB urges FHA to end lifetime mortgage insurance rule

FHA, FHA loan, Government Lending, HWmember, LendingLife, Mortgage, Mortgage insurance, NAMB, Regulatory /

The National Association of Mortgage Brokers (NAMB) is urging the Federal Housing Administration (FHA) to end its “life of loan” mortgage insurance rule and let borrowers cancel premiums once they’ve paid down their loan to 78% of their home’s value. NAMB believes the policy is outdated and unfair. Current rules mean that many FHA borrowers

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Trump signs law banning trigger leads

Donald Trump, HWmember, Lead Generation, LendingLife, Mortgage, Mortgage Bankers Association, NAMB, Origination, Regulatory, Trump administration /

President Donald Trump on Friday signed the Homebuyers Privacy Protection Act (H.R. 2808), establishing a nationwide ban on the abusive use of trigger leads beginning in March 2026. The legislation had broad mortgage industry support. It cleared the House in June and the Senate by unanimous consent in August, with bipartisan sponsorship from Reps. John

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Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education

Affordability, Continuing Education, HWmember, LendingLife, Mortgage, Mortgage Broker, NAMB, Politics /

Kimber White, the incoming president for the National Association of Mortgage Brokers (NAMB), is taking the reins of the organization on Oct. 1, marking the second time that he’ll be leading the organization. White originally held the role, which is a one-year term, back in 2020. Five years later, White sat down with HousingWire to

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NAMB issues support for CHLA white paper on LO compensation

CFPB, Community Home Lenders of America, HWmember, Loan Officer, Mortgage, NAMB, Regulatory, Regulatory Compliance /

The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield

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