The president of the National Association of Mortgage Brokers said last week he will lead an effort to persuade Congress to reverse controversial regulations that prescribe what types of payments are permitted for mortgage-related services. (See related story below and in The Mortgage Marketplace, Nov. 23, on paget.)
"I don't think it's a settled issue,' said H.A. 'Tony' Davis, in an address telecast to about 2,000 NAMB members in 18 cities. Davis, who also is president of Preferred Mortgage Associates in Downers Grove, 111., participated on a panel of experts who explained and analyzed the impact of the new regulations.