Brokers

Today the Federal Trade Commission’s Bureau of Economics released a staff report titled ‘The Effect of Mortgage Broker Compensation Disclosures on Consumers and Competition: A Controlled Experiment.’ The report presents the results of a study that examines the mortgage broker compensation disclosure proposed by HUD as part of its RESPA reform proposal, as well as two alternative versions. The study finds that the disclosures are likely to confuse consumers, cause a significant number of consumers to choose loans that are more expensive than the available alternatives, and create a substantial consumer bias against broker loans, even when the broker loans cost the same or less than direct lender loans. The full report is available at: http://www.ftc.gov/opa/2004/02/mortgagerpt.htm

Press Release
Executive Summary



RESPA CALL TO ACTION !
click here for information of critical importance


TAMB Launches Massive Membership Campaign !
Click here for Information !




Attention Members !

If this is your first visit to the new TAMB website, please follow these directions
(Click Here And Enter The E-Mail Adress You Have On File With TAMB)
and the system will e-mail you your TAMB ID Number and Password

which you will need to access the member only elements within the site.

If you have changed your e-mail address from what TAMB has on file, the system will not recognize you in which case you will need to provide us your accurate e-mail address.WebMaster@TAMB.org

IMPORTANT !


Once you obtain your TAMB ID & Password. It is important that you log in to the system to verify or update your current member information for accuracy.
( CLICK HERE TO LOG IN )

Due to privacy laws, your name, address and contact information is not arbitrarily available to the public as a result of consumer and member searches. You must select whether or not you wish your information to be publicly available or not.



Dynamic New Web-Site For Our Members !

What’s in it For You…You Ask ?

  • New Statewide Search Engine For Consumers To Easily Find You
  • New Instant Web-Page Creation Tool For Members To Easily Have An Immediate Internet Presence For Their Company
  • Member Search Engine To Locate Lender Services Anywhere In The State Instantly
  • Ability To Update Your Company Location And Contact Information Instantly
  • Improved System For Posting And Maintaining The Latest Information And Legislation Related To Our Industry


If You’re Currently Not A TAMB Member…
…Perhaps Now You Realize You Ought To Be

Benefits of Membership Include:

  • Inclusion in Member Search List for Consumers to Find You
  • Instant Web Page for Your Company on TAMB Website
  • Reduced Cost for Continuing Education
  • Texas Mortgage Press Subscription
  • Access to Up to Date Industry Information
  • Full Access to all TAMB Web-Tools
  • State Convention & Educational Seminars
  • Professional Certification Program