Federal Reserve Issues Final Rule on Loan Originator Compensation
By NAMB -

Fairfax, VA – August 18, 2010 – (RealEstateRama) — NAMB applauded the Federal Reserve Board today (FRB) for issuing its final rule changing the way loan originators may receive compensation, as a benefit to consumers, by preventing unfair, abusive, or deceptive lending practices.


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http://www.namb.org/

The National Association of Mortgage Brokers (NAMB) is the voice of the mortgage broker industry, representing the interests of mortgage brokers and homebuyers since 1973. The Association is committed to promoting the highest degree of professionalism and ethical standards for its members. In addition to mandating members adhere to a professional code of ethics, NAMB provides mortgage brokers with professional education opportunities, and offers rigorous certification programs to recognize members with the highest levels of professional knowledge and education.

Contact:

Jon Otto
Phone: (703) 342-5851

National Association of Mortgage Brokers
7900 Westpark Dr., Suite T309
McLean, VA 22102

Phone: 703.342.5900
Fax: 703.342.5905

Chief Executive Officer
Roy DeLoach
Phone: 703-342-5900

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