Category Archives: Uncategorized

Join Mortgage Action Alliance

New York is the financial capital of the country, and as such, should have the highest number of MAA members.  Right now, New York is not the leader in MAA members. New York Real estate finance professionals need to be engaged in a vital way that directly impacts the way you do business.  Whether you’re the CEO, CFO, CIO, Vice-President, Manager, Underwriter, Processor, Closer, QC, Servicer,  in the Secondary Market–YOUR VOICE SHOULD BE HEARD. YOU SHOULD JOIN MAA–TODAY! Follow this link to complete a simple form. …

Read More »

Latest Foreclosure Prevention & Refinance Report Released

The Foreclosure Prevention & Refinance Report and Federal Property Manager’s Report as of February 2020 has been posted.  This report quantifies the number of foreclosure prevention actions taken by Fannie Mae & Freddie Mac, the Enterprises, year-to-date and cumulative since the beginning of the conservatorships in September 2008. Issued by FHFA 5/14/2020 Foreclosure Prevention, Refinance and FPM Report – February 2020

Read More »

April New Home Purchase Mortgage Applications Decreased 12 Percent

WASHINGTON, D.C. (May 14, 2020) — The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2020 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago. Compared to March 2020, applications decreased by 25 percent. This change does not include any adjustment for typical seasonal patterns. “New home purchase applications severely weakened in April, which coincided with the peak of the social distancing efforts and restrictions on non-essential activities to help slow the spread of COVID-19. During what’s typically…

Read More »

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,…

Read More »

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…

Read More »

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.…

Read More »

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 »