The MMLA Mortgage Pipeline
MMLA's Weekly e-Newsletter!
01-16-2023
"MMLA - Keeping Members Informed"
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Mid Chapter & WCR Mixer Feb 8, 2023 @ One North Kitchen & Bar, Lansing
MMLA Sales Rally 2023! - SAVE THE DATE!!! MARCH 14, 2023 @ Suburban Collection Showplace, Novi REGISTRATION AND SPONSORSHIP OPTIONS COMING SOON!!
Also - check our calendar for FREE events provided by our Platinum Corporate Partners Amerihome, MGIC and National MI!!
MMLA Events Calendar - Be sure to visit our website calendar for the 2023 event dates and include some of the MMLA events in your 2023 budgets now!
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Congratulations to Tim Smith, who closed over $100 million in 2022 which makes it an unprecedented 10 years in a row funding at least $100 million in loan production in a given year. Tim and his team do an amazing job day in and day out providing the best customer service imaginable.
Tim is with First Merchants Bank and has been a MMLA member for 25+ years! Congratulations Tim!!

Welcome these new MMLA Members:
President's Club Corporate Partner Jess Monticello - Dort Federal Credit Union Kristy Bouchard - Dort Federal Credit Union Heather Hawkins - Dort Federal Credit Union Mike Johnson - Dort Federal Credit Union Amanda Dakroub - Liberty Title Agency Erica Dean - LMCU Steve Williams - The Huntington National Bank
Please note: Front Street Mortgage is now John Adams Mortgage!
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MBA Advocacy Update Federal Issues/Developments Highlights
- MBA-Backed VA Appraisal Modernization Legislation Now Public Law 117-308
- Lawmakers Introduced Bipartisan Bill Aimed at Flawed IRS Implementation of Updated IVES System
- FHFA Releases Annual Scorecard for the GSEs and Common Securitization Solutions
- Biden Administration Updates Fall 2022 Regulatory Agenda
- MBA Urges Increase in Allowable Fee for FHA and VA Assumptions
- MBA Offers Recommendations to VA in Response to IRRRL NPR
- Proposed FHA ML looks to Implement PAVE Task Force Recommendations
- Congress Advances Omnibus Spending Package for FY 2023
- FHFA Publishes Final Rule for New Enterprise Products and Activities
- FHA Provides Clarity on its Conflict-of-Interest Policy
- FHA Introduces COVID-19 HECM Repayment Plan
- Federal Reserve Board Adopts Final Rule Replacing LIBOR with SOFR; GSEs Follow Announcement with Guidance
- Senate Votes on Key Housing Nominations
- MBA, Coalition Comment on FTC’s Proposed Rule on Impersonation
Read the full stories highlighted here.
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Small Business Association of Michigan Launches New Insurance and HR Solutions
Zillow reveals most popular city, other noteworthy sites for 2022. Hint: Grand Rapids, Mich. won out for most popular large city.
Gov. Whitmer Announces Awards to Build or Improve Nearly 700 Affordable Housing Units Across Michigan
The Department of Insurance and Financial Services has issued a new Director’s Order: West Realm Shires Services Inc. dba FTX US and FTX Lend Inc. 22-17097 Order Accepting Stipulation and Stipulation to Entry of Order Date: 01-10-2023
For a listing of all Director’s Orders visit https://www.michigan.gov/difs/legal/hearings-decisions/directors-orders.
The Department of Insurance and Financial Services has issued a new Bulletin: Bulletin 2023-01-CF Documentary Preparation Fee Adjustment Under the Motor Vehicle Sales Finance Act (supersedes Bulletin 2021-04-CF)
For a listing of all Bulletins visit https://www.michigan.gov/difs/legal/bulletins.
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