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Apr 17, 2014 - 11:27 AM  
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"THE LARGER THE GROUP, THE LOUDER THE VOICE"


WE NEED YOUR VOICE IN ALBANY: APRIL 29 & 30


NYS UNIFIED MORTGAGE BANKERS ADVOCACY EVENT--REGISTER TODAY!


TUESDAY--APRIL 29

KeyBank Offices | South Pearl Street | Albany • 11:30 am Registration • 12 noon-1 pm Lunch • 1-5 pm Guest Speakers: Talking to Law Makers: What to say and how to say it; State Transitional Licensing; Pending Legislation for our Industry. • 5-6:30 pm Cocktail Reception

WEDNESDAY--APRIL 30

Hilton Hotel | Lodge Street | Albany • 8-8:30 am Breakfast • 8:30-9:30 am Legislative Briefing • 10 am-4 pm AppoIntments with Representatives at the Capitol • 4:30-5:30 pm Debriefing & Cocktail Reception | Hilton Hotel

WE NEED YOU!!!


2014 Membership Renewal ~ Membership Sign-up Time

Membership Classifications 1. Corporate Membership $350 – A Corporate Membership will allow an unlimited number of employees of your organization to attend meetings and special events. This will provide the member with the flexibility to send employees based upon their interest in an event or topic. 2. Affiliate Membership $450 – Affiliate Members are all entities that are not lending institutions. With your paid membership to the MBA, Affiliate Members will receive advertising and sponsorship including: a. Sponsorship of an MBA event. b. Recognition on our website as an Affiliate Member. c. The opportunity to advertise on our website. 3. Individual Membership $175 4. Small Corporate Membership $175 – Individual or Small Corporate Memberships are for individuals or lenders with less than 5 employees.

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spacer.gif   Local Education Seminars in January with MBA & Radian
Posted by: christinawiley on Wednesday, January 08, 2014 - 10:06 AM
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  Mortgage News
774 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!!!


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spacer.gif   The MBA Stormed Capitol Hill!
Posted by: christinawiley on Tuesday, July 09, 2013 - 08:46 AM
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  Information
1094 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



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spacer.gif   Info: MBA Comments Regarding Proposed Credit Risk Retention Regulations
Posted by: brian.garis on Wednesday, August 03, 2011 - 11:50 AM
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  Legislation
1238 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.
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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

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spacer.gif   Info: US Consumer Bureau Unveils Draft Mortgage Forms
Posted by: brian.garis on Thursday, May 19, 2011 - 09:56 AM
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  Legislation
1026 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/

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spacer.gif   Obama wants big changes in mortgages
Posted by: brian.garis on Monday, February 14, 2011 - 05:01 PM
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  Mortgage News
1135 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.

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  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)

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