On May 7th, as your FAMP President, I traveled and attended, with your dedicated industry FAMP members, to Washington DC and attended the NAMB Legislative & Regulatory Conference. The State of Florida was truly represented.
Day 1 was filled with incredible industry related speakers and topics that included Patti Poss, FTC’s Division of Marketing Practices; Justin Ailes, VP of Government & Regulatory Affairs at the American Land Title Association; Mark Calabria, Chief Economist, Vice President Pence; Dan Smith, Assistant Director for the Bureau of Consumer Financial Protection; John Bell III, Deputy Directory of VA and James Ahm, General Counsel for Senator Reed (D-RI).
The culmination of Day 1 was Congressman Bill Posey (R-FL) who spoke and provided us with an update on HR 2570, The Mortgage Fairness Act of 2017. Congressman Posey is a “true friend” and supporter of our industry.
Day 2 started with Congressman Sean Duffy (R-WI), Chairman for the House Financial Services Subcommittee on Housing & Insurance, who addressed the group regarding updates on GSE Reform, Housing and Mortgage Market legislation and his own sponsored bill, H.R. 5534, the Give Useful Information to Define Effective (GUIDE) Compliance Act.
Among the many events that we attended, the most awarding for us was when we spent the day on Capitol Hill lobbying on your behalf and for our industry.
We had 7 scheduled appointments that included meeting with staff members for Senator Rubio, Congressman Yoho, Congressman Dennis Ross, Congresswoman Wasserman-Schultz, Congressman Francis Rooney and Congresswoman Kathy Castor. In addition, we had the honor and privilege to have a sit down and discussion with Congressman Crist and Congressman DeSantis. All of these meetings allowed us time to discuss our three talking points, which were bills currently filed in the House that cover important issues that affect our industry, and the need for bi-partisan support.
Our three talking points were…
- CFPB Guidance for the Industry - GUIDE Act
- Legislative Changes Needed to Ban Trigger Leads
- Removal of Lender Paid Compensation from QM Points and Fees Test
Through our lobbying efforts, along with other mortgage professionals nationwide, we are able to get important legislative reform passed that affects us like the recently-enacted Dodd-Frank reform.
If you are a FAMP member, we thank you. If you are not a FAMP member, please consider joining today…we need your support!
I am available to provide any information about a membership or answer any questions. Please feel free to reach out to me by phone at 954-696-1435 or my email email@example.com anytime. Thank you and I look forward to hearing from you.