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[[image - black & white photograph of Mr. Humphrey along with Black Caucus dinner guests]] [[caption]] Mr. Humphrey was photographed with Dr. Gloria Torte of HUD and other guests at Black Caucus dinner. [[/caption]] [[image - black & white photograph of Congressman Conyers and Mr. Larry Humphrey]] [[caption]] Congressman Conyers of Detroit with Mr. Larry Humphrey, Premier Mortgage Co. — President of Mortgage Bankers Association. [[/caption]] All 14 of the current approved FHA-VA are byproducts of the National Association of Real Estate Brokers. UMBA's training programs are more-or-less a pipeline to black brokers for alerting them to the opportunities in the mortgage banking industry. Since UMBA and NAREB have their annual conventions at the same time, UMBA has always furnished the expertise and seminars for educating and directing black brokers into the mortgage banking industry. Had it not been for this type of exposure, needless to say, there would probably be few, if any, black mortgage bankers in the field today. Because of its size, UMBA has been able to give in-depth treatment on the technical mortgage baking subjects at its various seminars which would have been carried on by men who have given of the their time, money and service without compensation. When you consider the fact that there are over 3,000 mortgage banking firms in America and only 14 black firms, we can fully appreciate the need for training, education, and direction in this industry. Therefore, UMBA's objective and purpose for existing is to offer education and direction in what has been a void in the Black community. Black approved FHA-VA mortgages have increase 100% as a direct result of the efforts and training programs by UMBA within the last year. In those cities where Black Mortgage Bankers operate, contract buying has decreased because of the increase of FHA funds being channeled through Black Mortgage Bankers and through white mortgage companies who belatedly recognized the potential of the market in the light of black competition.