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!

NYDFS RELEASES FINAL RULE FOR VACANT AND ABANDONED PROPERTY

On  December 7, 2016 the New York State Department of Financial Services released the Final Rule pretaining to vacant and abandoned property. The legislation is effective on December 20, 2016. The New…

NYS 2016 Budget Reinstates the Refund of the Special Additional Mortgage Recording Tax

On Friday evening, April 1, 2016 the New York State Budget was passed. The budget included the following language: PART LL “Section 1. Paragraph (b) of subdivision 9 of section 210-B…

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NYDFS RELEASES FINAL RULE FOR VACANT AND ABANDONED PROPERTY

helmDecember 8, 20161 min read

On  December 7, 2016 the New York State Department of Financial Services released the Final Rule pretaining to vacant and abandoned property. The legislation is effective on December 20, 2016. The New York Mortgage Bankers Association has performed a complete analysis of the changes…

NYS 2016 Budget Reinstates the Refund of the Special Additional Mortgage Recording Tax

helmApril 2, 20163 min read

On Friday evening, April 1, 2016 the New York State Budget was passed. The budget included the following language: PART LL “Section 1. Paragraph (b) of subdivision 9 of section 210-B of the tax law, as added by section 17 of…