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Article: NAMB's Take on HVCC, Other Challenges.(News)(Interview)
- Article from:
- Origination News
- Article date:
- August 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lew Sichelman
LEW: We spoke with the executive board of the National Association of Mortgage Brokers at their meeting in San Antonio. Picured (from left) are Jim Pair, pres.; Roy DeLoach, CEO; Penny Fagan, secy.; Don Frommeyer, treas.; Mike D'Alonzo, VP; Bill Howe, pres.-elect; and Marc Savitt, immediate past pres. Our first question is about the Home Valuation Code of Conduct.
MARC: Everybody in this room, as well as everybody in this industry, wants to see fraud prevented in every way that we can. This code will do absolutely nothing to prevent fraud. What it does do is causes harm to the consumer and causes harm to the industry. There are ...