An Unofficial NAMB Regulatory Update on HVCC - Oh, And A Call To Action For All Of Us NAMB Bashers.
by Mark Green on June 4, 2009

Many of us have been openly critical of NAMB over the past few years, and Ifve certainly been one of them. Ifm about to tell you something that you likely are unaware of:

NAMB is out there busting their rear ends to keep you in business.

Did you know that NAMB President Marc Savitt conducted a one-on-one meeting with New York Attorney General Andrew Cuomo this past week? Neither did I until yesterday - and it was mere coincidence that I learned of his meeting.

Are you a NAMB Basher?

I guess you could call me a card carrying NAMB Basher. After all, Ifve said more negative things about NAMB publicly than Ifve said positive things. In the process, Ifve figured something out: I am not doing anyone any favors by complaining unless Ifm willing to become part of the solution. You see, NAMB is a volunteer organization. For it to be successful, it requires the involvement and participation of its constituents. Here are a few quick and easy steps on how you can get involved - and become part of the solution.

1) Are you a Member of your Trade Association?

It amazes me how many NAMB Bashers are out there that arenft even dues paying members. As far as Ifm concerned, youfre part of the problem and you need to do either one of two things:

a) Join NAMB today or

b) Shut up until youfve satisfied point a). In my mind, you have no right to criticize an organizationfs shortcomings when the greater shortcoming lies within. And if youfre a NAMB member, maybe you can go that extra step further and find out if your supply chain are NAMB members: appraisers, title companies, credit companies, etc. For NAMB to succeed, it needs our funds and our participation.

NAMB Has A Communication Problem Thatfs About To Be Solved.

Put yourself in Marc Savittfs shoes for a minute. Youfre a mortgage professional out of Martinsburg, WV with a primary responsibility to run a mortgage business and provide for your family. Oh, and by the way, youfre also responsible for representing an industry that the mainstream media single-handedly blames for the economic crisis wefre experiencing right now. So you spend half your life in an airplane touring the country. You get beat up by regulators one day and your constituents the next. And each day, youfre asked to put that smile on your face and dodge bullets. Just think about the life of Marc Savitt right now. Would you want his job?

My answer: hell no. I feel sorry for the guy. And today Ifm officially becoming part of the solution.

Mr. Savitt, what can I do to help you?

Marc, welcome to the wonderful world of gWeb 2.0. Itfs intimidating at first, and it takes time to find your style. But you wonft find a better platform to drum up awareness and support for a common cause. Ifm asking you to embrace this medium and make it a small part of your day.

Help Me Help You!

When I think about the life of Marc Savitt, I always come back to this classic 20-second clip from the movie Jerry Maguire. It really says it all. If youfre out there reading this, letfs send a welcome message to Marc Savitt. Let him know you read this article and youfre appreciative of what hefs doing for you.

See the following links and all the HUGE SUPPORT from the mortgage broker community.

http://lenderama.com/mortgage-events/unofficial-namb-regulatory-update-hvcc-call-action-namb-bashers/

LISTEN TO THE FOLLOWING NAMB & MARC SAVITT - HVCC.

http://nationalmortgageprofessional.com/sites/default/files/Marc-Savitt-HVCC-6-9-09.mp3

http://fighthvcc.blogspot.com/2009/05/hvcc-weve-had-enough.html

I continue to have an issue with the "it's NAMB or the highway" philosophy. I understand the need for a unified voice in our industry but letters like these just rub me the wrong way. No I don't want Marc Savitt's job at NAMB and I would assume that since he applied and was voted into the positition he did. We didn't force him into the position and even though it's a tough job I'm not going stay up at night thinking about how hard his life must be.

Everyone should be active in fighting the unnecessary regulation on our industry and all business. The problem with our government isn't just isolated to unfair laws on mortgage brokers. It's a full on assault on private business. Mortgage Brokers could be regulation free and it won't matter if the rest of the businesses and tne economy were struggling (no one would have money to afford the mortgage).

Again just to be clear, yes support NAMB as the industry voice but DO NOT sit idle thinking everything will be fine if we just got rid of HB 1728 & HVCC. Call your Senators & Representatives and tell them to stop the assault on business. Enforce the reglations already law and stop the unnecessary crippling of private business.

Have a great weekend!

• Follow up to
•  
•  http://lenderama.com/mortgage-events/unofficial-namb-regulatory-update-hvcc-call-action-namb-bashers/
•  
• From: Marc Savitt President The National Association of Mortgage Brokers www.NAMB.ORG
•  
• I'm sorry its taken me so long to comment, but I've been traveling around the country trying to enlist support to defeat the HVCC. I want to express my appreciation to everyone for their kind words and most importantly for their support.
  
  During the past 14 months, NAMB has met with the GSE's 3 times each. During the first meeting I asked Fannie why they signed on to Cuomo's agreement so quickly. They responded, "Because he has his foot in their throats." NAMB has repeatedly asked the AG's office to release the results of his investigation, but they refuse to do it. Later next week, we will be formally asking the Dept of Justice to investigate the investigator!
  
  I can't tell you how much it pleases me to see our industry coming together. Its been a tough 2 years for all of us. However, whatever issues we may face, we will defeat them- because we are united. Its also nice to see other professions looking to NAMB for leadership on the HVCC issue.
  
  Let me be very clear, WE WILL DEFEAT HVCC! Cuomo may have had his foot in the GSE's throat, but NAMB has its foot, (fill in the blanks).
  
  Currently, we have a giant call to action in progress. In order for the action to work, we need everyone to continue calling EVERYDAY!! Treat it as if your job depends on it, because it does.
  
  We are already starting to see results. Cuomo's office has dedicated a special line just for the call to action. What he doesn't know is, I've got personal extensions, which I'm not afraid to use.
  
  Fannie Mae has also responded to the call to action. They want everything in writing, no calls. To quote Barney Frank, " and I want to eat whatever I want and not gain weight." They can have it in writing, but the calls WILL continue. In fact, the call to action is growing. More and more groups want to participate. However, you all still need to call everyday!!
  
  NAMB also met with FHFA 6 times. The latest was last week.
  
  Finally, the big media push starts shortly. The consumer needs to know that Andrew Cuomo is responsible for the additional costs for purchasing or refinancing a house and the destruction of small business and the housing market.
  
  Mr. Cuomo, if you're listening-there is still time to save your political career.
  
  Thanks, Marc