Weekly Pipeline - 7-25-22

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  The MMLA Mortgage Pipeline
  MMLA's Weekly e-Newsletter!
  July 25, 2022


 "MMLA - Keeping Members Informed"

MMLA Events - Be sure to visit our website calendar for all of the 2022 event dates.  Check back often for updates!

August 3 - NMLS Con-Ed Class for LO Licensing   Get your 8-hour NMLS Requirements IN PERSON at this great event prior to start of Annual Conference.


August 3 - 5  Annual Lending Conference @ Amway Grand Plaza Hotel, Grand Rapids.  LAST WEEK TO REGISTER FOR THIS GREAT EVENT!


August 18 - Mid Chapter & WCR Lansing Golf Outing at College Fields Golf Club - Reserve your foursome and sponsorship before they sell out!
Spotlight your company as a sponsor at this event - great opportunities are still available.  Join Diamond Sponsor:


Oct 6 - Northern MI Luncheon - How to Save Deals in a Flood Zone @ TC Country Club  Help get the Northern MI group back together with this first of many planned luncheons!


Looking ahead:

Nov 3, 2022
President's Banquet and Awards Dinner
@ Suburban Collection Showplace, Novi

Nov 30 - Mid Chapter Holiday Party @ LaFille Gallery

Dec 1 - West Chapter Holiday Party

Dec 8 - SE Chapter Holiday Party @ Hollywood Casino at Greektown, Detroit


Do you have a topic/subject that you think MMLA should do a webinar about?  If so, contact Joanne Misuraca at 586-226-2823 or joanne@mmla.net



LAST WEEK TO REGISTER FOR THIS GREAT EVENT!

Reason #3 - Receptions and Ice cream social to enjoy making new friends or reuniting with past contacts

Reason #2 - The Biggest and Best Event of the year for MMLA and the Midwest!

Now is the time to FOCUS ON THE FUTURE and attend the MMLA Annual Lending Conference! Don't hear about it from others - attend and experience it for yourself!!  

Join your colleagues at this awesome event - connect with old friends and make new contacts.   See who is currently registered - are YOU on the list?:

Click here for full agenda and speaker information

 


 

The 2022 Future Leaders Class is set.  So excited to start this program with 24 candidates.   They will participate in the 6 course program beginning August 17.  Join MMLA in congratulating these candidates:

Thank you also to these members who will teaching these courses:
Terry Aikin, CMB, MGIC
Dan Sugg CMB, Michigan First Credit Union
Brian McCown CMB, Michigan First Credit Union
Victoria DeLuce, Princeton Mortgage
Nicole Nahodil CMB, Mortgage 1, Inc.
Lizzie David CMB, Mortgage 1, Inc.
Allison Johnston CMB, Success Mortgage Partners
Todd Potter CMB, INterra Credit Union
Andrew Baker CMB, Macatawa Bank

Welcome These MMLA New Members:

Doug Gibney, RuraLiving


William "Bill" Smith, N2 Funding

Don't forget - you can log in to the Member Corner on the website and "Find A Member" contact info.


 


MMLA STAFF NEWS!
We are happy to report that Trinity Lancione will be extending her hours working with the MMLA!!  Trinity will now be responsible for social media, all marketing and PR needs of the MMLA.  She will work with Joanne Misuraca on all events and programs for the MMLA!  Thank you Trinity for your 8 years!!! with the MMLA!


WE WANT YOU!!

Would you like to take your membership to the next level by serving on the MMLA state board or a chapter leadership committee?  If so, contact Joanne Misuraca to let her know of your interests.  The commitment is small but the rewards could be endless.



MBA Advocacy Update

MBA: Recession Coming? Flip A Coin

Federal Issues/Developments Highlights:

  • MBA, Coalition Urge Congress Not to Raise Taxes on “Pass-Through” Small Businesses; Manchin Reportedly Rejects Tax Increase elements in Ongoing Reconciliation Negotiations
  • House Panel Examines Interagency Proposal on Community Reinvestment Act (CRA) Reforms
  • MBA Briefs House Financial Services Committee on PACE Legislation
  • House Passes National Defense Authorization Act Without MBA-Supported RON Provisions
  • Michael Barr Confirmed as New Fed Vice Chair for Supervision
  • HUD Extends the Appraisal Validity Period
  • LIBOR Transition Fallback Rates to be Published; ARRC Releases Guide on Legacy LIBOR-Based Cash Products
  • MBA Recommends Improvements to GSE Appraiser Guidance for Manufactured Housing
  • GSEs Partially Lift Pandemic-Era Restrictions on Bulk Acquisitions
  • HUD Announces New Flexibilities for FHA Borrowers Previously Impacted BY COVID-19 National Emergency
  • MBA Releases New White Paper on Climate Risk

 

 July 18    July19   July 19 SE   July 20   July 21   July 22  




Record-Setting Drop in Builder Confidence in July

Existing Home Inventory UP Year-Over-Year For The First Time in 3 Years

GOP Congressmen Demand Greater Oversight Of Fannie, Freddie

FHFA Director: Fannie, Freddie Need $300B Combined In Capital


 

Michigan Office of Credit Unions Director Appointed to Board of National Association of State Credit Union Supervisors

The Michigan Department of Insurance and Financial Services (DIFS) is proud to announce the appointment of Office of Credit Unions’ Director Denice Schultheiss to the National Association of State Credit Union Supervisors (NASCUS) Board of Directors.

“Denice Schultheiss has worked diligently for the Office of Credit Unions for over 25 years, and her appointment to the NASCUS Board of Directors will ensure Michigan continues to serve in a leadership role on national issues impacting the credit union industry,” said DIFS Director Anita Fox. “Her exemplary work and decades of dedication to effective credit union regulation make her an excellent choice to serve on the board.”

Ms. Schultheiss has worked for the Office of Credit Unions within DIFS since 1996. Her role in the Office of Credit Unions has included participation in various committees, working groups, and considerable contributions to the development of examination policies, procedures, and industry issuances. She has also served on several national workgroups, including the NASCUS’ Accreditation Review Team, NASCUS’ Audit Committee, and she currently serves as the Chair of NASCUS’ Legislative and Regulatory Affairs Committee.

"Credit unions are very important to Michigan’s consumers and our economy, and I am happy to serve in this role for NASCUS, continuing Michigan’s long-standing participation and leadership in the state credit union system nationwide," said Ms. Schultheiss.

NASCUS is the national association that advocates for a strong and healthy state credit union system, and its members include state regulatory agencies, credit unions, credit union leagues, and organizations that support the state credit union system. The NASCUS mission is to enhance state credit union supervision and advocate for a safe and sound credit union system. For more information, visit NASCUS.org