The National Association of Mortgage Brokers Supports the Federal Housing Finance Agency's Decision to Postpone the Implementation of the Planned Transition to A Bi-Merge Model
WASHINGTON, Sept. 14, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB) applauds the Federal Housing Finance Agency's (FHFA) recent decision to postpone the implementation of the planned transition to a bi-merge model. The FHFA will allow time for additional public engagement to facilitate the transition to the proposed credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac.
- "We appreciate the FHFA's decision to allow for more engagement on the bi-merge transition.
- The National Association of Mortgage Brokers has been the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.
- NAMB provides mortgage professionals with advocacy, education, and rigorous certification programs to recognize members with the highest levels of professional knowledge and education.
- NAMB's active lobbying and advocacy efforts focus on national and state issues, protecting the interests of its members and borrowers.