Category Archives: Uncategorized

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…

Read More »

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…

Read More »

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…

Read More »