Slideshow 2011 NAMB West

Published
  • February 28 2012, 8:25am EST
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Roy DeLoach, Jim Pair, John Councilman and Mike Anderson

From left: NAMB lobbyist Roy DeLoach, acting immediate past president Jim Pair, treasurer John Councilman and then-vice president Mike Anderson (who has since left the organization).

Don Frommeyer

“The mortgage broker right now is on the climb. We are seeing more and more wholesalers that are popping up, said NAMB president Don Frommeyer.

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Jim Pair

“The economy is going to start improving eventually. And there is no way in the world that the banks and mortgage bankers, as the economy grows and demand grows, can fulfill the need,” said acting NAMB immediate past president Jim Pair during the discussion.

Don Frommeyer and John Councilman

“It is virtually impossible for a Wall Street firm or other source of capital to come into the business without some sort of pre-made origination channel, said NAMB treasurer John Councilman as NAMB president Don Frommeyer listened.From left: Don Frommeyer and John Councilman.

John Councilman

“If we ever intend to get away from simply having Fannie Mae and the federal government providing all of the products, we’re going to have to put private capital back in.”

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Roy DeLoach

The loan officer compensation rule will continue to be a key issue going forward, said NAMB lobbyist Roy DeLoach.

Roy DeLoach

How the shift to Consumer Financial Protection Bureau authority affects regulation could be a challenge, said Roy DeLoach, NAMB lobbyist.

Jim Pair, Don Frommeyer and Mike Anderson

“The mortgage broker serves the urban and rural areas of the country where the big banks do not,” said Mike Anderson at the NAMB West conference, as NAMB president Don Frommeyer and immediate past president Jim Pair looked on. (Anderson, then the NAMB’s vice president, has since left the organization.)From left: Jim Pair, Don Frommeyer and Mike Anderson.

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Jim Pair and Don Frommeyer

“It is really important that the mortgage brokers come back into the business to help the consumers,” said acting NAMB immediate past president Jim Pair, as president Don Frommeyer listened.From left: Jim Pair, Don Frommeyer

Mike Anderson

Some wholesalers have been entering the business and looking for brokers, said Mike Anderson, who was NAMB vice president at the time of NAMB West. (He has since left the post.)