Weekly Pipeline - 1-16-23

 


 The MMLA Mortgage Pipeline
  MMLA's Weekly e-Newsletter!
  01-16-2023

 "MMLA - Keeping Members Informed"

West Chapter Breakfast Meeting - The Secret to Effective Communication
Jan 26, 2023 @ Watermark Country Club, Grand Rapids
LAST DAY FOR EARLY REGISTRATION DISCOUNT!

Northern Michigan Luncheon w/ TC Housing Commission
Feb 2, 2024 @ Traverse City Country Club

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!


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!  

  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

 

 
 Jan 9   Jan 10     Jan 10 SE    Jan 11   Jan 12    Jan 13
 

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.