Weekly Pipeline - Sept 19, 2022

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  The MMLA Mortgage Pipeline
  MMLA's Weekly e-Newsletter!
  Sept 19, 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!

LAST DAY TO REGISTER!!  Sept 20 - Economic Update Webinar w/Doug Duncan, SVP & Chief Economist for Fannie Mae  via ZOOM - FREE to MMLA members  Hear what is happening overall with the economy, how it is affecting the mortgage industry and what are some Michigan stats.

FINAL DAYS TO REGISTER!  Sept 21 - SE Chapter Member Appreciation Social Event @ Fifth Avenue Bar, Royal Oak   Join us for a fun night of playing pool, darts, drinks and networking!

Sept 28 - West Chapter Member Appreciation Social Event @ The Fowling Warehouse, Grand Rapids    Get a team together or meet up with other at this fun event that mixes Bowling and Football!   A great way to unwind and network!

 

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 - save these dates for these holiday parties:

Nov 30 - Mid Chapter Holiday Party @ LaFille Gallery, Lansing
       Registration now open!

Dec 1 - West Chapter Holiday Party @ tbd

Dec 8 -  SE Chapter Holiday Party @ Hollywood Casino at Greektown   Registration now open!

 

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 [email protected] 

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

You are invited to participate in the most important MMLA event of the year. The 93rd Anniversary Celebration of the only mortgage-based trade organization in Michigan!!! It is a time when we honor our past, present and future board members and spotlight our annual award recipients. We will also be celebrating the first graduation class of MMLA Future Leaders! MMLA is one of one of the strongest mortgage lending associations in the country today - we have a lot to celebrate!

When: Thursday, November 3, 2022   
            5:00 P.M. - 10:00 P.M.
Where: Suburban Collection Showplace,
          46100 Grand River Ave, Novi, MI 48374
Cost: MMLA Member $49 by Oct. 15 and $59 after
          Non-member $75
          Tables of 8 $350 by Oct. 15 and $450 after

Please consider sponsoring this highly attended event and get your company exposure in front of 150+ of your mortgage industry peers!! 

Sponsorships available to fit every budget.  Click here for all the details and to reserve your spot today.

 


Welcome MMLA New Individual Members:
Mike Archer, Mortgage 1, Inc.
Jason Bock, First Community Mortgage
Lon Bollenbacher, Dart Appraisal
Christopher Cavazos, First Community Mortgage
Greg Colucci, United Federal Credit Union
Jerry Jones, Rocket Mortgage
Samy Hafez, First Community Mortgage
Stephanie House, Mortgage 1, Inc.
Nicole Johnson, Mortgage 1, Inc.
Ben Kakurri, First Community Mortgage
Monica Mays, Mortgage 1, Inc.
Kim McClurg, Mortgage 1, Inc.
Darin Najor, Mortgage 1, Inc.
Amy Phillips, First Community Mortgage
Danny Price, Mortgage 1, Inc.
Sean Seaman, First Community Mortgage
Agostino Vitiello, First Community Mortgage


 

The MMLA has arranged for some discounts for MMLA members at select October home Pistons' games.  Click here for the information.




MBA Advocacy Update
Federal Issues/Developments Highlights
  • MBA Submits Letter Detailing FHA 203(k) Rehab Program Improvements
  • MBA Releases New White Paper Titled, A Framework for Considering Office Demand in a Post-Pandemic World
  • FHFA Announces Comprehensive Review of the Federal Home Loan Bank System
  • FHA Updates Requirements on Notices for Due and Payable Statuses of HECM Transactions
Read the full stories highlighted here.

Rates Edge Up; Deep Dive on Mortgages vs 10yr Treasury and Fed Funds Rate

IRS Bulletin- TDS Wage and Income Transcripts; Form 1120-S

Slow and Sideways as Markets Wait For Bigger News

Have Bonds Lost Enough Ground to Imply Some Relief?

Lawsuit Accuses Zillow, Microsoft Of 'Wiretapping'


I am excited to announce the Missing Middle Housing Program application is now available!  In addition, several documents have been finalized and added to our webpage located here:  https://www.michigan.gov/mshda/developers/missing-middle

We begin accepting applications for Round 1 on Monday, September 19th and I encourage you to create your Sharepoint folder in preparation for your submission.  Applications will be accepted thru December 30, 2022, or until funds are depleted.  


The Department of Insurance and Financial Services has issued a new Director’s Order:

Fin Express Finance 22-16945
Order to Cease and Desist and Statement of Factual Allegations and Notice of Opportunity for Hearing
Date: 09-13-2022

For a listing of all Director’s Orders visit https://www.michigan.gov/difs/legal/hearings-decisions/directors-orders