The Maryland Association of Mortgage Brokers Legislative Center

The Maryland Association of Mortgage Brokes is Dedicated to Improving the Mortgage Broker Industry!

MAMB Legislative Center

The mission of the Maryland Association of Mortgage Brokers (MAMB) is to provide its members with the resources necessary to deliver the highest standard of service to the citizens of Maryland. A not-for-profit, voluntary association of mortgage brokers, MAMB serves as the "Voice of the Mortgage Broker Industry" in Maryland. As such, MAMB is active in Annapolis and Washington, DC protecting the rights of the mortgage broker industry.

The MAMB Legislative Center offers various opportunities for you to get involved with legislative issues that affect the way you do business. Find and contact your state or federal representatives or read about the latest legislative news affecting the mortgage broker industry whether it is happening in Annapolis or on Capital Hill. If you are a member, speak with fellow members on legislative concerns in our member forum, join our online newsletter to get the latest legislative action alerts, or get tips on writing letters and e-mails to your representatives.

MAMB Needs Your Immediate Help! Proposed Federal Reserve Board Rule Contains Provision to Eliminate the Independent Mortgage Broker! - April 1, 2008

The Federal Reserve Board has issued a proposed rule that could dramatically harm your business. All public comments must be RECEIVED (not postmarked) by April 8. Click here to review the information then follow the instructions. Time is very short - get your comments in today!

MAMB Legislative Report - March 2008

MAMB's Legislative Committee has been hard at work in Annapolis protecting the mortgage industry. Click here to take a look at a legislative update on the myriad of issues the profession has been facing during the 2008 General Assembly Session.

State Legislative Update Added to 2008 MAMB Convention Schedule

A dynamic new session has been added to the Maryland Association of Mortgage Brokers' "March Mortgage Madness" Annual Convention on March 12 in Baltimore.

"Update on Annapolis" will be a short presentation on the legislation and regulations that are being monitored in Annapolis. MAMB is currently tracking 14 separate bills being heard by the Maryland General Assembly. In addition, the Department of Labor, Licensing and Regulation intends to publish new regulations governing the mortgage industry. On hand to answer your questions will be members of the MAMB lobbying team. Keep an eye out for a more lengthy update with details about specific bills. Click here for more information.

HR 3915 Passed in the House of Representatives 291- 127

Success! YSP PRESERVED. Today, the U.S. House of Representatives passed the final version of H.R. 3915, the "Mortgage Reform and Anti-Predatory Lending Act of 2007" on a vote of 291 to 127. This bill includes three important provisions that offer effective consumer protection without favoring any market competitor. Click here to read the full article!

Nov. 14 - Today's important message from NAMB

Nov. 13- It is critical to familiarize yourself with the timeline associated with H.R. 3915

MAMB Hosts Annual Legislative Dinner

MAMB's Board of Directors and Legislative Committee hosted its annual Legislative Dinner for the members of the Maryland House of Delegates Economic Matters Committee in Annapolis on February 19. The annual event provides the Association and legislators a casual opportunity to discuss various legislation that could impact the mortgage industry as well as legislative constituents. Find out more!

Montgomery County Council Considering "Predatory Lending" in Fair Housing

This legislation could be harmful to county residents ability to get mortgages. MAMB is encouraging you to review the materials below and call your council persons today. Find them through the Montgomery County Web site.

FHA Reforms Update

The FHA Legislative Proposal Comparison Proposed Implementation: Vehicle and Time Frame chart is now available for you to download. Click here to download your copy.

MAMB Encourages Members to Support Senate Bill 660

MAMB is encouraging its members to support the Loan Officer Bill. Senate Bill 660 requires those acting as a loan originator to be licensed. Click here to find out more about this bill!

Communicating effectively with your legislators
Whether you write, visit, phone, fax, or email an elected official, we have a few suggestions that will help make your communication as effective as possible.

MAMB Legislative Contacts