Category Archives: Exceeding the Vision in 2018

urban housing outline

March Forum

Revitalizing Communities and Forging New Partnerships Restoring zombie properties for New York municipalities and consumers is paramount.   This event provided a starting point positive discussion on revitalizing communities with experts in the fields of fast-track foreclosure law, property preservation, mortgage loan servicing as well as elected officials and community stakeholders.  Neighborhood reinvestment and tools to rehabilitate properties in New York were explored in this 1/2 day workshop for those interested in improving communities throughout New York. WHO ATTENDED Mortgage Loan Servicers State & Local Elected Officials…

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TRID 2.0 (effective Oct. 1, 2018)

TRID 2.0–Are You Ready? Have questions? Thursday, September 27, 2018 10am-10:45am NYMBA Member – COMPLIMENTARY! Future Member $49.95 Space is limited–RSVPS needed! We’re holding a live webinar presentation on September 27th—free for all New York MBA members! TRID 2.0 addresses many of the pain points that our industry has struggled with over the past two years. The new rule is in effect & compliance is mandatory as of October 1, 2018. This webinar will cover tolerance levels in motion, and significant changes including: Construction loan…

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Manufactured Housing Title Conversion

To help ensure that affordable mortgage financing remains a viable option for manufactured home owners in New York, NYMBA supports proposed legislation, S6277A, which makes necessary changes to state law that allow lenders to comply with secondary and investor requirements.   Jeff Barringer and Marc Lifset of McGlinchey Stafford, New York MBA members, helped to craft the language in the bill that received Legislature approval. While many manufactured homes are financed as personal property, the ability to finance land and a manufactured home with a mortgage…

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Federal Regulatory Relief Legislation a Reality

May 24, 2018:  President Trump signed S.2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.  The full House passed the bill earlier in the week by a vote of 258-159. This legislation is unchanged from that which passed the Senate in March by a filibuster-proof bipartisan margin of 67-31. This legislation contains a number of MBA-supported provisions, such as: SAFE Act amendments to provide 120 days of transitional authority for MLOs to originate when leaving a depository to join a sponsoring non-bank (or when crossing…

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Trump approves Regulatory Relief Legislation

Regulatory Relief Legislation receives Trumps approval May 24, 2018:  President Trump signed S.2155, the Economic Growth, Regulatory Relief and Consumer Protection Act.  The full House passed the bill earlier in the week by a vote of 258-159. This legislation is unchanged from that which passed the Senate in March by a filibuster-proof bipartisan margin of 67-31. This legislation contains a number of MBA-supported provisions, such as: SAFE Act amendments to provide 120 days of transitional authority for MLOs to originate when leaving a depository to join a sponsoring…

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NYMBA Talks to Congress

NYMBA members from across the country came went to Washington last week for the 2018 National Advocacy Conference to meet with elected officials and policymakers on behalf of the real estate finance industry. Nearly 400 industry advocates from more than 40 states attended the MBA National Advocacy Conference last week. The program featured a slate of congressional and administration speakers, including Senate Banking Committee Chairman Mike Crapo, R-Idaho; HUD Deputy Secretary Pamela Patenaude; Sen. Bob Menendez, D-N.J., and House Financial Services Committee members French Hill,…

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