-->
spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
HeaderLeft.gif HeaderTop3.gif HeaderTop2.gif spacer.gif
Jul 31, 2014 - 07:27 AM  
spacer.gif
spacer.gif spacer.gif MBANENY.com spacer.gif
BannerTop.gif rht-logo.gif spacer.gif
BannerLeft.jpg BannerRight.jpg spacer.gif
BannerBott.jpg spacer.gif
HeaderBottbg.jpg spacer.gif
Main Menu
· Home
· My Account
· Administration
· Logout



2014 TRACK EVENT
· Ticket Reservations
· GOLD SPONSOR
· SILVER SPONSOR
· BRONZE SPONSOR


MORTGAGE NEWS:
· New Mortgage News
· Legislation
· All Mortgage Articles


MEMBERSHIP SIGN-UP & RENEWAL
· Corporate Membership
· Affiliate Membership
· Small Business Membership
· Individual Membership


· About the MBANENY
· President's Report
· Board of Directors
· Committees
· Affiliate Members

· Top 5 Articles
· Mortgage Industry Links
· Stats
· Submit Mortgage News
· Printable Articles


· Search
· Membership Form
· MBA By-Laws


Online
We have 31 guests and 0 members online

Welcome Guest, become a member today.



Please click


MBA's Annual "A Day at the Races"--August 6th

SEATING IS LIMITED--MAKE YOUR RESERVATIONS EARLY! SPONSORSHIP LEVELS: •Gold: $500 Includes 3 tickets to the event; •Silver: $250 Includes 2 tickets to the event; •Bronze: $150 Includes 1 ticket to the event. Sponsorships and reservations are accepted online. See left margin of this page.

spacer.gif
spacer.gif   Local Education Seminars in January with MBA & Radian
Posted by: christinawiley on Wednesday, January 08, 2014 - 10:06 AM
  spacer.gif
  Mortgage News
1404 Reads

Gear up for 2014 with some great local training!!!

January 14  9am - 12noon Analyzing Income for the Self Employed Borrower

                  1pm - 4pm Understanding and Reviewing Appraisals January 15 9am - 12noon Detecting and Avoiding Fraud 1pm - 4pm Presentation Skills COURSE DESCRIPTIONS ARE LISTED BELOW Lunch is provided by the MBA for any student who registers for both classes in one day. You may register for any combination or all classes online at: "http://www.manfredrelc.com/courses.asp" TRAINING SITE: Manfred Learning Center 920 Albany Shaker Road Latham, NY 12110 COST: $20 each course $35 for two courses $45 for three courses or all 4 courses for $50!!!


Read more... (1865 bytes more) comments? Send this story to a friend Printer friendly page
 
spacer.gif
spacer.gif spacer.gif spacer.gif spacer.gif

spacer.gif
spacer.gif   The MBA Stormed Capitol Hill!
Posted by: christinawiley on Tuesday, July 09, 2013 - 08:46 AM
  spacer.gif
  Information
1645 Reads

The New York Unified MBA Advocacy Day consisted of fifteen scheduled appointments with the legislators and executive branch. Representatives from the Mortgage Bankers Association of NENY, Empire State MBA and MBA of Genessee Region combined forces to bring a unified message to the politicians.

Topics of the Day:

- NY Foreclosure Moratorium Bills S. 2958 and A. 5275

- The Senate Bill should not be an issue at this point and the MBA has provided an issue paper for the briefing book.

- Uniform State Test

- MBA provided UST Tables and information to support adaption of the UST and provided a model letter that could be sent by the legislators to the DFS

- Reciprocity and/or Transitional License.

- MBA provided Ohio Bill as potential model language for NYS to adopt.

- NYS High Cost Loan Test Limits and Index

- A Mortgage Professional will supply info and examples relative to the Freddie Mac PMMS and problems that will be created in a rising rate environment where customers could float into an unsaleable loan.

- Support of Governor Cuomo in his Property Tax Cap and Government Consolidation.

- MBA to provide state specific statistics on NYS Housing Market per 2013 Policy Book and these initiatives would be a positive influence on Affordable Homeownership in NYS.

Overall the meetings were positive and all legislators were very receptive.  In addition to the above topics we were conscious of working toward creating relationships and promoting open communication between the legislators and the MBA so we could position ourselves as a resource for practical mortgage related information.

This marks the first of what will become an annual event for the MBA!

Story submitted by Michele Teague, MBA NENY Secretary



comments? Send this story to a friend Printer friendly page
 
spacer.gif
spacer.gif spacer.gif spacer.gif spacer.gif

spacer.gif
spacer.gif   Info: MBA Comments Regarding Proposed Credit Risk Retention Regulations
Posted by: brian.garis on Wednesday, August 03, 2011 - 11:50 AM
  spacer.gif
  Legislation
1938 Reads

The views and recommendations in this letter are from the single family residential mortgage finance perspective. The views of MBA’s members related to the commercial and multifamily mortgage finance (“commercial”) perspective were previously submitted to the Agencies on July 11, 2011. Because the Proposal establishes unique risk retention frameworks for residential mortgage backed securities (MBS) and commercial MBS, MBA is submitting two comment letters.
I. Introduction
MBA supports efforts to enhance the accountability of all housing finance transaction participants including borrowers, lenders, securities issuers and investors. We believe securitization is a valuable liquidity channel, particularly because portfolio lenders lack sufficient capacity to handle demand, and the future of the government sponsored enterprises (GSEs) is uncertain. However, we are mindful that securitization has unique challenges associated with ensuring accountability given the variety of interests and participants.
During the recent housing finance crisis, securitizers, lenders, investors and regulators all failed to recognize and address flaws inherent in the securitization channel before it was too late. A new system of accountability and transparency is needed to ensure that these mistakes are not repeated. A risk retention requirement is an important step in establishing a better regulatory plan to protect borrowers and investors, and ensure a safe and reliable mortgage system.
At the same time, it is essential that any risk retention requirements be done without unnecessarily constraining liquidity. Without a viable securitization market, the nation’s housing finance needs cannot be met. MBA’s detailed analysis regarding market impacts associated with risk retention requirements is included in the Appendix accompanying this letter.
* Click Read More to Continue*
Note: **To read the MBA's detailed response and explanation of the above issues, you can paste the following link into your web browser:
http://www.mortgagebankers.org/files/Advocacy/2011/CreditRiskRetentionProposedRuleCommentLetter.pdf

Read more... (5518 bytes more) comments? Send this story to a friend Printer friendly page
 
spacer.gif
spacer.gif spacer.gif spacer.gif spacer.gif

spacer.gif
spacer.gif   Info: US Consumer Bureau Unveils Draft Mortgage Forms
Posted by: brian.garis on Thursday, May 19, 2011 - 09:56 AM
  spacer.gif
  Legislation
1449 Reads

By Maya Jackson Randall
Published May 18, 2011
Dow Jones Newswires

WASHINGTON -(Dow Jones)- Seeking to dramatically simplify the home-buying process for U.S. consumers, the new consumer-protection agency Wednesday unveiled mortgage-disclosure forms aimed at helping home buyers understand the terms of loans and how to shop around for the best offers.
Note: The Consumer Financial Protection Bureau has set up a process for combining the Truth in Lending Disclosure and the Good Faith Estimate. You can send in your specific comments and help with the drafting.

Check it out and GIVE YOUR INPUT!!!
http://www.consumerfinance.gov/know-before-you-owe-help-us-make-your-mortgage-forms-better/

Read more... (5283 bytes more) comments? Send this story to a friend Printer friendly page
 
spacer.gif
spacer.gif spacer.gif spacer.gif spacer.gif

spacer.gif
spacer.gif   Obama wants big changes in mortgages
Posted by: brian.garis on Monday, February 14, 2011 - 05:01 PM
  spacer.gif
  Mortgage News
1546 Reads

By Ben Rooney, staff writerFebruary 11, 2011: 1:22 PM ET
NEW YORK (CNNMoney) -- The Obama administration on Friday officially unveiled its plan to remake the mortgage market and reduce the government's role in housing finance by winding down Fannie Mae and Freddie Mac.

Read more... (3824 bytes more) comments? Send this story to a friend Printer friendly page
 
spacer.gif
spacer.gif spacer.gif spacer.gif spacer.gif

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  Renew Your Membership and Pay for Events Using PayPal


Please click
  spacer.gif
BlockRBott.gif spacer.gif spacer

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  Calendar

<< July 2014 >>
S M T W T F S
29 30 01 02 03 04 05
06 07 08 09 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 01 02

Upcoming Events

Tue, August 05 2014
Wed, August 06 2014
Tue, September 02 2014


[ Search ]
  spacer.gif
BlockRBott.gif spacer.gif spacer

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  AFFILIATE MEMBERS:


Please click
  spacer.gif
BlockRBott.gif spacer.gif spacer

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  Other Stories

· Local Education Seminars in January with MBA & Radian (Jan 08, 2014)
· The MBA Stormed Capitol Hill! (Jul 09, 2013)
· MBA Comments Regarding Proposed Credit Risk Retention Regulations (Aug 03, 2011)

  spacer.gif
BlockRBott.gif spacer.gif spacer

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  Past Articles

Wednesday, June 16
·Fannie Mae, Freddie Mac to delist from NYSE (0)
Monday, January 11
·Obama may use bank tax to recoup bailout (0)
Wednesday, January 06
·MBA NENY (0)
 Older Articles

  spacer.gif
BlockRBott.gif spacer.gif spacer

spacer.gif spacer.gif spacer.gif spacer.gif spacer.gif
BlockRTop.gif spacer.gif spacer.gif
  Login

 Username
 Password
 Remember me


 Need to reset your password?
  spacer.gif
BlockRBott.gif spacer.gif spacer

Footerdot.gif
Mortgage Bankers Association of Northeastern New York   

Privacy Policy       Terms and Conditions         P.O. Box 3242 • Albany, New York 12203 • 518-330-3640