NAMB Issues RFP for Predatory Lending Study

The National Association of Mortgage Brokers is putting out a request for proposal that calls for a comprehensive study of how state anti-predatory-lending laws have affected credit availability.The study will be similar to one the association did recently in conjunction with the National Home Equity Mortgage Association that examined the effects of a New Jersey law on that state's market, said A. W. Pickel, who has presided over the group during the past year. The NAMB official's comments were made at the group's 2004 annual meeting in Salt Lake City.