“Mortgage brokers are deeply rooted in the communities they serve and play a critical role in helping borrowers make some of the most important financial decisions of their lives,” Adams said. “That’s why we see this as a long-term partnership between CBCMA and NAMB. By working together, we can better support brokers, strengthen advocacy and education, and create real, measurable value for both organizations while helping more families and communities thrive.”
The Chenoa Fund, administered by CBC Mortgage Agency, offers down payment assistance through repayable and forgivable second mortgages in 49 states. Through the partnership, NAMB members get access to Chenoa Fund products, training, and joint education on how to use them.
Taking the message to Washington
In addition to this new partnership, NAMB and the Broker Action Coalition co-hosted Advocacy in Action: Better Together, a joint fly-in held from April 20 to 22 at the National Press Club in Washington.
It was the first time the two organizations had partnered on a joint event. Nearly 200 brokers lobbied together on shared priorities, including credit reform, FHA life-of-loan MIP, LO compensation, and new FHFA condo reserve requirements.
“What I took away from the moment was the impact of doing things together,” White said. “You can be in disagreement on things or how you’re going to get there, but the end result is working together.”
