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Join the New York Mortgage Bankers Association

Become a NYMBA Member The New York Mortgage Bankers Association furthers the standards of the real estate financing profession in the areas of education, legislation, regulation, and ethics of practice. By taking advantage of the resources offered by the New York Mortgage Bankers Association, you will be in a position to meet the demands of today’s competitive market and plan for the challenges of tomorrow. Since Membership is by company, all employees of your company are considered members and can take advantage of the following benefits: Monitoring of…

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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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DFS listens to New York MBA

Peter Dean, Executive Deputy Superintendent and Rholda Rickets, Deputy Superintendent of New York State Department of Financial Services met with New York MBA Executive Board members regarding Federal legislation mandating Temporary Authority for Loan Officers; the new state regulation mandating Credit Reporting Agency Registry and proposed Online Notarization.

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