News

News

Announcing VA, FHA, USDA Training Dates

Live Stream Underwriting Training Sessions for Government Loans have been scheduled through Diehl Mortgage Training & Compliance. Registration information will be sent to all NYMBA Members when registration opens.

VA– July 6, 13; 1-5pm

FHA– July 8, 15, 22; 1-5pm

USDA– September 7, 14; 1-5pm

FHA– September 9, 16, 23; 1-5pm

Call To Action

Take action NOW to contact your state legislators and urge them to support critical legislation that would provide protections and benefits to borrowers and homeowners. The following four priorities require your timely action:

-Support the enactment of Remote Online Notarization (RON);
-Support provisions that appropriately facilitate the LIBOR to SOFR transition;
-Support legislation that restricts the registry and limits registration fees for foreclosed properties; and,
-Support adoption of the The New York Land-Home Property Act that would provide the ability to convert title for manufactured homes from chattel to real property for title insurability and more favorable financing terms.

Why it matters: These bills are priorities that will allow our industry to serve the needs of consumers more adequately during the ongoing pandemic and ensuing recovery period. NY MBA and the national MBA have been highly engaged and supportive of these policy items and initiatives.

What’s next: MBA and the NY MBA will continue to advocate on your behalf, but we need YOU to lend your voice!

Contact your state legislators TODAY to educate them on these issues and garner their support.

TAKE ACTION NOW! CLICK THE BUTTON BELOW TO SEND LETTERS!

FHA Extends Remote Work Flexibilities for Lenders and Appraisers

In addition to to issuing an extension of FHA’s foreclosure and eviction moratorium for single family homeowners, FHA also announced an extension for remote work flexibilities. Extensions Through June Provide…

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…

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…

RESOURCES

New York: What You Need to Know Includes Reopening Phases and Travel Information NY Passes The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (12/28/2020) (extends moratorium on evictions and…

MEETING THE CHALLENGE WITH 2020 VISION

MEETING THE CHALLENGE WITH 2020 VISION

New York MBA is holding a series of Webinars to engage members, share information and discuss the current lending environment. All members are invited to attend, and all employees of…

New York MBA Executive Board–Working for You!

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…

Post List #1

FHA Extends Remote Work Flexibilities for Lenders and Appraisers

helmMay 19, 20204 min read

In addition to to issuing an extension of FHA’s foreclosure and eviction moratorium for single family homeowners, FHA also announced an extension for remote work flexibilities. Extensions Through June Provide Peace of Mind to Struggling Homeowners While Supporting New Mortgage…

Foreclosure Prevention & Refinance Report Released

helmMay 14, 20201 min read

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…

April New Home Purchase Mortgage Applications Decreased 12 Percent

helmMay 14, 20202 min read

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…

RESOURCES

Christina WileyApril 1, 20206 min read

New York: What You Need to Know Includes Reopening Phases and Travel Information NY Passes The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (12/28/2020) (extends moratorium on evictions and foreclosures due to COVID-19 financial hardships until May 1, 2021)…

MEETING THE CHALLENGE WITH 2020 VISION

helmApril 1, 20201 min read
MEETING THE CHALLENGE WITH 2020 VISION

New York MBA is holding a series of Webinars to engage members, share information and discuss the current lending environment. All members are invited to attend, and all employees of member companies are eligible to attend for free. Future members…

New York MBA Executive Board–Working for You!

helmNovember 22, 20191 min read
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…