National Association of Independent Housing Professionals
Welcome to the internet home of the National Association of Independent Housing Professionals, NAIHP. Please note, this site is still in the developmental stage and will continually be updated.
Comprised of all housing industry professionals, NAIHP is strictly a legislative and regulatory organization, leaving education and other such issues to trade associations with individual interests. Low membership dues ($50 a year per person), will enable NAIHP to grow into one of the largest grassroots organizations, without creating a financial burden on its membership.
As most legislative and regulatory actions affect the entire housing industry, NAIHP was created to advocate on behalf of all small business housing professionals.
FHA Bill will INCREASE Consumer Costs...AGAIN!!
Financial Services Sub-Committee on Housing sends Bill to the full committee for vote.
Call Members of the Financial Services Committee and tell them to vote NO on this Bill.
Click Here for Committee contact info
NAIHP meets with new CFPB Director Richard Cordray
The Director demonstrated a clear understanding of the issues and what small business housing professionals are facing. He listened, asked questions and pledged to work with us to find solutions
How to Join NAIHP
Help us build a Grassroots Powerhouse!
NAIHP just made it easier and less expensive to join our growing grassroots association.
Our new DUES structure is as follows:
Individual Membership: Still just $ 50.00 per year.
Company / Corporate Membership: $250.00 per year. Provides blanket membership up to 50 employees.
Association or Affiliate Membership: $1000. per year for the entire membership, regardless of size.
Join an effective grassroots association that will protect YOUR interests and not constantly solicit you for contributions.
For more information email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call 202-587-9300
Fannie/Freddie Press Release on Loan Limits
HARP 2
Still too many unanswered questions
Are brokers locked out until March 15th, while seller/servicers start on 12/1?? Will AVM's be used instead of the more reliable appraisals? Appraisals aren't just for value purposes. Are the GSE's giving the big banks another backdoor bailout at the expense of small business and competition?
NAIHP is working with Leadership in the House of Reps, along with others to level the playing field for consumers. Competition brings lower costs for consumers.
www.mortgagenewsdaily.com/11162011_harp_harp2_0.asp
HARP 2 Guidelines Announced
White House announces new
Mortgage Refinance Program
Call to Action
Was the HVCC Agreement a Plea Bargain?
Click Here to join the Call to Action
Eastern Mortgage Summit 2011
Charlotte, NC / November 10th & 11th
Click Here for Information or to Register
NAIHP meets with FDIC about Claims
Click here for the facts about their investigation
Click here for copy of FDIC letter to NAIHP
NAIHP's Written Testimony from 7/13/11 Hearing
SAFE Mortgage Licensing Act: Minimum Licensing Standards and Oversight Responsibilities
NAIHP asks Obama to “Suspend” Harmful Rules
CFPB Unveils New Combined GFE & TIL
Sign Up HERE for email updates and sample drafts
Washington, DC: May 17, 2011 - NAIHP joined other industry groups in a meeting with Elizabeth Warren and the CFPB staff. During the meeting, CFPB unveiled two working drafts of a combined GFE/TIL, which will replace the current (January 2010) GFE and existing Truth in Lending disclosure.
By signing up for email updates and sample drafts, you will have the opportunity to participate in the selection of the final draft. The CFPB wants your input. Please note, when the drafts are released on May 18th, you will only have 1 week to respond. There will be several steps to the process, including consumer testing throughout the country.
NAIHP encourages your participation!
Legislative Update
NAIHP Announces Membership Benefits Program
Now offering 30 minutes of FREE legal consultation every month
Federal Reserve Board Proposes New Rule
"Consumer's Ability To Repay"
Urgent Message to ALL Appraisers
NAIHP Board Votes to Withdraw Fed Suit
Motions Denied!
Circuit Court Lifts "Stay"
Plaintiff's Joint Brief to Circuit Court
Fed Response to Circuit Court of Appeals
Circuit Court "STAYS" Implementation of FRB Comp Rule!
Copy of NAIHP Appeal to Court Click Here
Copy of Court's Emergency Order Click here
Update:
Hearing on Fed Rule
NAIHP's Final Brief (Response) to FRB
NAIHP calls for Congressional Investigation of Federal Reserve Board Practices
Fed Responds to NAIHP & NAMB Complaints
Click here for a copy of the Fed's answer
Latest News on Fed Lawsuit
Federal Reserve Board files Motion to Consolidate NAIHP & NAMB Lawsuits
UPDATE: Court Orders consolidation of NAIHP & NAMB suits
Former NAMB President William R. Howe joins NAIHP Board
Breaking News:
NAIHP Files Suit over Loan Originator Compensation Rule!!
It’s official, NAIHP files suit in U.S. District Court over Loan Originator Compensation Rule.
Click Here for copy of Complaint
A message from NAIHP President Marc Savitt, to all brokers, originators and NAMB Click Here
NAIHP thanks all those who have contributed to the legal fund against the Fed. Click Here
Fed Rule Updates
SBA Office of Advocacy to Fed, your Compliance Guide doesn't meet standards. Postpone the rule!
Advocacy is concerned that the guide may not meet the requirements of the Small Business Regulatory Enforcement Fairness Act (SBREFA). Advocacy recommends that the Board amend its guide so that it is in compliance with the law.
More FRB News
The Federal Reserve Board on Tuesday announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act (TILA), prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau (CFPB).
This does NOT include the originator compensation rule
BREAKING NEWS
In a letter to Fed Chair Bernanke, dated Feb 1st, the SBA Office of Advocacy informed the Fed, "Advocacy recommends that the Board amend its guide so that it is in compliance with the law." SBA "suggests" the Fed postpone the rule.
NAIHP just received the SBA Office of Advocacy letter and will update you further as more information is available. Please keep in mind, the Fed still intends to keep its April 1st implementation date.
SBA Office of Advocacy letter will be posted here shortly!
Fed Call To Action!
Although, this is a complicated matter that involves many, we do know the main individual, who is the driving force behind the compensation rule.
Take action against the Rule on Originator Compensation NOW!
Federal Reserve Board Releases Compensation Rule Compliance Guide.
Contribute to the Legal Action Fund
NAIHP files complaint with Fed Inspector General Elizabeth A. Coleman and requests an investigation into "unfair, deceptive and abusive" practices by Board's Division of Consumer and Community Affairs.
SBA Office of Advocacy Requests Fed to Delay Rule on Originator Compensation
NAIHP and the Fed’s Rule on Originator Compensation
Appraiser Independence Comment Period
Federal Reserve Board Releases Interim Appraiser Independence Rule. A step in the right direction!
Petition to Restore Credibility and Sensibility to America’s Residential Valuation System
http://restorehousingpetition.com/sign-here
Affiliated Business Arrangements
How much more proof do you need?
A message from NAIHP
“Customary and Reasonable Fee Survey”
Federal Reserve Board Finalizes Rule on Originator Compensation
NAIHP is in the process of examining the rule and will report back once that process is complete. For more information, click here.
Latest news on HVCC and Originator Compensation
Barney Frank intends to BAN
Yield Spread Premiums!
House Financial Services Committee Press Release
NAIHP holds third round of discussions with Senator Merkley’s staff.
Listen to Sen. Merkley’s interview, about his Amendment
NAIHP has been meeting with the Senator and his staff over the past few weeks and arranged for Sue Woodard of MSS to interview him on 5/27/10
May 26, 2010
News on USDA Funds!!
2.5 Billion in funds immediately available for USDA (RD) 502 Program, until Congress can finalize legislation to fully restore funding.
Bipartisan group of Congressman urge Nancy Pelosi, Barney Frank and other leaders, to retain HVCC language in final Financial Reform legislation.
Legislative Update
Financial Reform Bill HVCC Amendment, USDA Bill and the Merkeley Amendment
Appraisal Fraud INCREASED significantly, after HVCC was implemented! Did HVCC cause it?
What you need to know and do immediately
NAIHP calls on FHFA to
withdraw HVCC
Copyright © 2010 NAIHP. All Rights Reserved.