2011 NAMB West
February 28, 2012 8:25 AM
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.
Randy Carr PHOTOG
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, were going to have to put private capital back in.
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 NAMBs vice president, has since left the organization.)From left: Jim Pair, Don Frommeyer and Mike Anderson.
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.)
