Government Officials 'No Shows' at Trade Show

On Monday the Federal Reserve's point man on loan officer compensation, Paul Mondor, was a no show at a legislative conference sponsored by the National Association of Mortgage Brokers. From what I understand, the week prior he had accepted an invitation to speak at the meeting — but that was before NAMB sued the Fed over the very same loan officer comp rule. (Perhaps, Mondor didn't want to feel like a Christian speaking before lions?) Then there's the case of FHA chief David Stevens. Yesterday news broke that Stevens would become the new president of the Mortgage Bankers Association come June. On Wednesday he was scheduled to speak at a convention sponsored by the New Jersey Mortgage Bankers Association, but alas, he was not there, reports NMN editor Mark Fogarty.