Category Archives: Uncategorized

SAVE THE DATE

2020 is going to be an exciting year and New York MBA is ready. March 9-10       NYMBA Annual Advocacy Conference & Lobby Day in Albany April 20-21        State & Local Workshops in Washington, DC April 21-22        National Advocacy Conference in Washington June 10-12        NYMBA Annual Convention in Saratoga, NY Educational and informational webinars occur throughout the year.  Be sure we have your email address so you receive news, alerts and more! Become a member…

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MBA CEO Meeting NYMBA

New York MBA Executive Board–Working for You!

Steven A. Milner – Founder and CEO of US Mortgage Corporation and NY MBA President, and Jim Bopp,  National Renovation Lending Manager of Platinum Home Mortgage Corporation and NY MBA Immediate Past President shown here with MBA’s President and CEO Bob Broeksmit, CMB at the MBA CEO Listening Tour held last week in Iselin NJ (at the headquarters of Homebridge Financial Services, Inc.).   They were joined by other MBA Senior Staff and industry CEOs and Senior Management for a conversation about mortgage industry business, policy,…

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2019 NYMBA Adv

2019 Advocacy Conference

ADVOCACY DAY CONFERENCE–“Making a Difference Together” Only through advocacy can we stop legislation that has unintended consequences for lenders and consumers alike. Members took this opportunity to promote good legislation and meet with elected representatives. You can make a difference because you know your business better than anyone, and your knowledge is valuable to members of the state legislature.   Those attended: Heard about proposed legislation that impacts the way we do business; Learned how to effectively discuss legislation with members of the state legislature; Had…

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Forum on Revitalizing Communities and Forging New Partnerships

Restoring zombie properties for New York municipalities and consumers is paramount.  The focus of this roundabout event is to provide a forum for positive discussion on revitalizing communities with experts on-hand in the fields of fast-track foreclosure law, property preservation entities, mortgage loan servicers and community stakeholders.  Neighborhood reinvestment and tools to rehabilitate properties in New York will be explored in this 1/2 workshop which is open to all stakeholders, elected officials, municipalities, housing advocates, lenders and those interested in improving communities throughout New York.…

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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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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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