The MMLA Mortgage Pipeline
MMLA's Weekly e-Newsletter!
January 24, 2022
"MMLA - Keeping Members Informed"
MMLA Events - make your plans now to attend these educational and social events!
Be sure to visit our website calendar for all of the 2022 event dates. Check back often for updates!
Refresh your knowledge of TRID by attending this series - FREE to MMLA members. Just 30 minutes (or less) each!
1/27 - Loan Estimate - A high level overview of the Loan Estimate disclosure and some of its requirements
2/3 - Closing Disclosure - A high level overview of the Closing disclosure and some of its requirements
2/10 - Tolerances - An overview of fee tolerance requirements within TRID
Meet Your DIFS Regulators
January 26, 2022
FREE Webinar for MMLA Members! Register Here
West Chapter Happy Hour
January 27, 2022
Ada Garage Bar & Grill, Ada, MI
FREE to MMLA members Click here to register! Join us for a great way to kick off the new year!!
Get the motivation and information you need to for the Spring/Summer Sales Season. It will be a fully interactive and engaging experience with great speakers and other activities throughout the day. We hope you plan on attending!! Tell your clients, invite your sales team and spread the word – this will be a GREAT event! Hope to see you LIVE AND IN PERSON March 9th!! Sponsorship and exhibit opportunities available as well. Click here to reserve your spot today!
Hear from speakers from Rocket TPO, SImpleNexus, Angel Oak and FinLocker!!
MMLA is pleased to welcome these new Corporate Partners companies for 2022:
Erin Palmer, Founder and CEO
Blue Phoenix Management Advisers - Advising businesses on transparancy, automation, excecution, transformation, construction and capital markets.
Brian Vieaus, CMB, President and CEO
FinLocker offers the next generation in customer relationship-based performance marketing to empower mortgage originators, lenders, servicers, banks, credit unions, credit counselors, and housing advocacy non-profits to provide personalized financial solutions and experiences for their customers.
Jonathan Arnold, Branch Manager
Katrina Cole, Business Development Manager
Kevin Kelling, Loan Originator
Stephanie Wood, Loan Originator
Inlanta Mortgage Grand Rapids MI offers Conventional, FHA, VA, USDA, MSHDA, jumbo, and refi home loans across Michigan.
Click here to learn more about our Corporate Partner Progam and how your company can take advantage of the discounts and opportunity!
Volunteering is a very rewarding experience and will add value to your membership. Pick a committee that is of interest to you and get involved today. You will be glad you did.
Whether you want to get involved at the state or local level, we have a committe that wouls suit your interests. Click here to see all the options and complete your volunteer form today. The time required is small, but the rewards coudl be endless!
Members on the move, promotions, accolades...
- Victoria DeLuce is now EVP, Capital Markets at Princeton Mortgage
- Michael Chan, AMP, CMT, for being promoted to Vice President of Sales at SimpleNexus
- Nancy Aupperle has been promoted to Executive Vice President of Branch Growth and Retention at Ross Mortgage Corp.
- Ericka Staton oas been promoted to Executive Vice President of Marketing at Ross Mortgage Corp.
Keeping members informed with the latest news that will impact you and your business!
Supply Chain and Inflation Concerns Ding Builder Confidence Index Builder confidence stumbled a bit this month, breaking a four-month streak that had pushed moved the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) 8 points higher. The index, which quantifies builder confidence... (read more)
2022 Housing Market Settles Into The "New Normal"
MBA Research Highlights - Chart of the Week!
Conference of State Bank Supervisors (CSBS) provided a press release from state regulators announcing the REES settlement. MBA staff are currently reviewing this material, but it is important to note that the document linked in the release for the first time provides a list of the 44 regulators that are part of this announcement.
Please find the MBA Biweekly Legislative Report online at MBA's State Bill Tracking Database, accessed through the MBA website.
MBA Says New Home Sales Tilting to Higher Priced PropertiesThe School of Mortgage Banking is coming Live and In-Person to Michigan!! MMLA members get a discount price - contact [email protected] for the discount code.
School of Mortgage Banking I: Detroit, MI April 12, 2022 - April 15, 2022
School of Mortgage Banking II: Detroit, MI April 12, 2022 - April 15, 2022
Scottsman Guide - January edition
Fannie Mae’s Economic & Strategic Research (ESR) Group writes that it expects 2022 to be a year “of transition for both the economy and the housing market.” While it hedges its bet as to whether COVID-19 will end any time soon, it expects the mar... (read more)
Fannie Mae C&D Release Notes Release 27.0
Fannie Mae Servicing Transfers Form 629 User Guide
Freddie Mac announced Credit Fees in Price for super conforming mortgages and mortgages secured by second homes in light of the significant increase in the 2022 loan limits and under the guidance of the FHFA. These updated fees are effective for mortgages with settlement dates on and after April 1, 2022. (Read the Press Release - FHFA Announces Targeted Increases to Enterprise Pricing Framework.)
Fannie Mae LL-2022-01 provides information about changes to loan-level price adjustments (LLPAs) that will apply to second home and high-balance loans. Review LLPA Matrix.
The Department of Insurance and Financial Services has issued a new Bulletin: Bulletin 2022-02-CF
CPI-Adjusted Regulatory Loan Act Loan Processing Fee (supersedes Bulletin 2021-11-CF)
For a listing of all Bulletins visit http://www.michigan.gov/difs/0,5269,7-303-12900---,00.html
Thanks to Trinity and Luci Lancione for making this video!!
