The MMLA Mortgage Pipeline
MMLA's Weekly e-Newsletter!
January 31, 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!
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
March 2, SE Chapter "Meet-Up" Happy Hour Watch for more detials coming soon!
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. Hope to see you LIVE AND IN PERSON March 9th!! Sponsorship and exhibit opportunities available as well. Click here for all the details and to reserve your spot today!
Topics include: Great Customer Service, Non-QM lending, Lending in the age of Fintech, and The 24 Hour LO
Don't miss it, register and experience it live. Invite your sales team, customers and colleagues!
Every Member…Every Year!
MORBANPAC is the non-partisan political action committee of the Michigan Mortgage Lenders Association. It operates at the state level to support elected officials and candidates whose philosophies and positions support the real estate finance industry.
Every year, MORBANPAC depends on individual contributions to help support its mission. Recent issues that MMLA has been involved in, with the help of its MORBANPAC influence include:
- Actively involved to make sure Realtors and Appraisers were designated as “essential” at the beginning of the COVID pandemic
- Remember the new Juneteenth Holiday issue last year? MMLA stepped in to put pressure on CFPB to issue a formal statement for mortgage lenders and helped get the rule allowing lenders to choose whether to adopt the law in 2021 or 2022
- Helped craft the Michigan Mortgage partnership forbearance language
- Codifying RON in emergency orders, then by statute
- Input on notary legislation that is still ongoing
- Helpful support to first time homebuyers bills (Realtors)
- Input on the CERA (rental assistance) program
- Helping craft the rules and administration of the Homeowners Assistance Fund from MSDHA (upcoming)
we are asking for your contribution for 2022. With the elections coming this fall, your contribution is more important this year! Consider becoming a MAC$250 Club member and give $22 a month in ‘22 (or $250) to get the perks and support this cause. If every MMLA member donated just $25 we would smash our 2022 goal of $35,000. Please help MMLA reach this goal in 2022 - donate now by clicking here. Thanks in advance for your support of MORBANPAC!
The MMLA "Rising Star" Recognition Program!
The Michigan Mortgage Lenders Association’s (MMLA) Rising Star Award is a prestigious designation that is awarded to the “Rising Stars” of the Michigan mortgage industry. As the mortgage industry continues to evolve, the MMLA recognizes the importance of having industry leaders involved to continue moving the mortgage industry forward. P
The MMLA is seeking nominations for this annual award which recognizes MMLA members who are achievers based on factors such as commitment to the industry, growth and advancement in position, awards and accolades, philanthropic successes, impact on the mortgage industry in Michigan, and participation in MMLA events and committees.
Click here for all the details. Submit your nomination no later than July 1!!
MMLA would like to welcome these companies as new Corporate Partners for 2022:
Gold Corporate Partner
Blueprint Solutions
Michael Whitbeck
Blueprint is software to power your underwriting and processing teams.
Bronze Corporate Partner
Plaza Home Mortgage
Tim Loszewski and Steve Oberembt
Plaza Home Mortgage is a proven national leader dedicated to Wholesale and Correspondent lending. Since 2000, we’ve built our business on relationships and our deep understanding of the needs of the TPO community.
Click here to learn more about our Corporate Partner Progam and how your company can take advantage of the discounts and opportunity!
Keeping members informed with the latest news that will impact you and your business!
40% Of Americans Are Considering A Move in 2022
Housing Bubble? Buyers Say Yes, Economist Says No
Conforming Conventional Updates; Lender and Broker Services; The Fed Has Spoken
MBA Research Highlights - Chart of the Week!
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
Ginnie Mae Exits The Stone Age And Embraces Blockchain
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.
Gov. Whitmer's Plan to Repeal the Retirement Tax
