FAMB FIGHTS BACK IN FLORIDA
Wednesday, October 01, 2008
FAMB continues to be on the front lines of the mortgage industry battle. We are engaged in a war on two fronts. On one front we have a PR nightmare with criminals masquerading as mortgage brokers giving us all a black eye. On the other front we have federal and state legislators filing bills in hope of fixing the current mortgage recession.
The PR battle is the toughest. While we all know that mortgage brokers have been the overwhelming choice of the consumer for the last decade, there are those that want to infer the mortgage meltdown was single handedly created by the mortgage broker. In most cases these forces are simply trying to acquire an increased market share for the industry they represent. We must not, and have not, allowed this to stand. We have fought these allegations and slanderous remarks with facts. We are standing tall with the knowledge and understanding that all players in the mortgage industry; from the broker, to the underwriters, to the bankers, to Wall Street and the consumers, had a roll in the mortgage meltdown. We know that it is our duty to the consumers and citizens of this great state to be a part of the solution. Nothing is gained by finger pointing.
The battle is being won. The following article is from the office of Florida's CFO Alex Sink. The FAMB has been asked to be a part of the solution here in Florida. We are at the table and working hard to help Florida and the Florida consumer recover.
The PR battle is the toughest. While we all know that mortgage brokers have been the overwhelming choice of the consumer for the last decade, there are those that want to infer the mortgage meltdown was single handedly created by the mortgage broker. In most cases these forces are simply trying to acquire an increased market share for the industry they represent. We must not, and have not, allowed this to stand. We have fought these allegations and slanderous remarks with facts. We are standing tall with the knowledge and understanding that all players in the mortgage industry; from the broker, to the underwriters, to the bankers, to Wall Street and the consumers, had a roll in the mortgage meltdown. We know that it is our duty to the consumers and citizens of this great state to be a part of the solution. Nothing is gained by finger pointing.
The battle is being won. The following article is from the office of Florida's CFO Alex Sink. The FAMB has been asked to be a part of the solution here in Florida. We are at the table and working hard to help Florida and the Florida consumer recover.


