General World News

NAMB will focus advocacy on trigger leads, 3% QM rule

The National Association of Mortgage Brokers (NAMB), a trade association representing mortgage professionals and homebuyers since its establishment in 1973, announced its agenda for 2023 at it NAMB National conference.

According to a statement, NAMB pledged to advocate for a range of initiatives, including:

  • The Trigger Leads Prohibition Act, which protects consumers’ data from being sold to companies that are not involved in mortgage processing transactions,
  • Working with lawmakers on the 3% Qualified Mortgage calculations to remove a 3% cap on mortgage broker company payments already included in the rate set by a lender or creditor, 
  • The 2017 Tax Cuts and Jobs details ⇒

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