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HR 9237 UPDATE

NAMB President Kimber White just met with the Senate VA Committee for an update on HR 9237 and its Senate companion, S 4744.

Where things stand: HR 9237 narrowly survived a motion to recommit in the House on July 16 and is now positioned for a final vote. It has not passed yet, and the Senate companion, S 4744, is still in play as well.

NAMB was first to raise the alarm on this: the increase to the VA funding fee on IRRRLs could lengthen the recoupment period, making it harder for Veterans to qualify for the refinance they've earned.

Our VA subcommittee, made up of leading VA industry experts, has been on this since HR 9237 was first introduced. That depth of expertise is exactly why NAMB caught this issue early and why we're able to speak to it with authority on the Hill.

This is exactly the kind of fight NAMBPAC exists for. If you want brokers to have a seat at the table when bills like this are being written, support NAMBPAC today:
https://secure.namb.org/campaigns/the-pac-fund

NAMB always advocating for America's Veterans!

The PAC Fund NAMBPAC raises money to elect and re-elect candidates who have a clear understanding of the topics at the forefront of the mortgage broker industry and who support our initiatives. NAMBPAC's primary function is to support those candidates whose votin