July 10, 2023 Edition

Newsletter Archive

MMLA Weekly e-Newsletter

CONNECTING THE BEST OF THE MICHIGAN MORTGAGE INDUSTRY

30 Minutes to WIN

July 12 via Webinar presented by the MMLA's Women's Inspiration Network - FREE to MMLA members

Future Leaders Graduation Reception

July 12 @ Granite City Brewery, Northville

Join us as we celebrate and honor our Future Leaders Class of 2023!!

SE Chapter Economic Lunch @ Federal Reserve Bank of Chicago - Detroit Branch included tour of the facility! LAST DAY TO REGISTER FOR THIS UNIQUE EVENT!

Northern Michigan Luncheon - Estate & Guardianships

July 20 @ Traverse City Country Club

Plan your foursomes and sponsorships now for these great golf events!

MMLA "Up North Classic" Golf Outing

August 9 @ PohlCat, Mt. Pleasant. Still time to register!

Mid Chapter Golf Outing

August 24 @ College Fields, Okemos. Registration now open - get your group or register as a single and we will pair you up. Sponsor opportunities too!

The MMLA Annual Lending Conference is still the TOP STORY!! Soaring Eagle Casino & Resort in Mt. Pleasant, MI is the location, August 9 - 11, 2023 is the date. Regarded as one of the best state mortgage association conferences in the country - you won't want to miss this one!

Don't wait any longer, joint the growing list of attendees and register today, before the price increase!

Golf in the tournament on August 9 @ PohlCat - still time to register!!

SPONSOR INFORMATION

SPOTLIGHT YOUR COMPANY AT THE BIGGEST MMLA EVENT OF THE YEAR! Join these sponsors who have already committed to supporting this event at the highest levels:

Platinum Level Sponsors (in addition to our Platinum Corporate Partners):

Advantage Credit

Vice Capital Markets

Exhibitor Level:

AMROCK

Guild Mortgage - Correspondent Lending

Hombot

SimpleNexus

MMS Mortgage Services

Diamond Level

National Mortgage insurance Co.

Click here to see all the sponsors and to reserve your spot today!

Welcome these new MMLA members:

Imran Alli, Michigan Schools and Government Credit Union Nicholas Anton, Amrock

Mike Bedell, Class Valuation

Carla Bond, Gold Star Financial Mortgage Co.

Matt Brown, Amrock

Colleen Flynn, Optimal Blue

Alan Garbacik, Stockton Mortgage

Lisa Marie Haviland-Strunk, Michigan First Mortgage

Paula Johnson, MSU Federal Credit Union

John Labriola, Dart Appraisal

Holly Maddaision, LMCU

Tony Millis, PHH Mortgage

Ben Schomer, Class Valuation

Richard Scudder, DocProbe

Laura Tack, Plante & Moran, PLLC

Lisa Walz' Partners Credit & Verification Solutions

Congrats to these MMLA members making moves:

Thank you to Grant Spencer, CMB - he has been appointed as Vice President of the MMLA SE Chapter, filling the seat left when Nate Motta made a career change.

Christopher Cavazos is now with CrossCountry Mortgage

John Ball is now with Flagstar Bank FSB

Diana Evennou is now with Stockton Mortgage

Jenna Mitchell is now with LMCU

Craig Olmsted is now with Stockton Mortgage

Kyle Chesney is now with First State Bank

Remember: Members can look up other members' contact info by logging in to the member corner area of the MMLA website.

Do you have news to report - a change, promotion, award, etc.? If so, send to joanne@mmla.net

This Week’s Top Legislative and Policy News

MBA, Trades Respond to CFPB’s Policy Statement on Abusive Acts or Practices
GSEs Release New Repair Guidelines for Condominiums
MBA’s Fratantoni Expects Another Rate Hike Despite Jobs Slowdown in June
Upcoming and Recent MBA Education Webinars on Critical Industry Issues

Read the full stories highlighted here.

MBA Statement on the Increase to FHA’s Multifamily Large Loan Limit Threshold

Fannie Mae Selling Guide Announcement (SEL-2023-06)

Freddie Mac June 2023 Loan Quality Advisor Release Notes

What It Takes to Convert a Multi-Million Dollar Office Into Housing

Mortgage App Volume Hindered by Rising Rates

The volume of mortgage applications fell during the last week of June as compared to the prior week which had contained an adjustment to account for the Juneteenth holiday. The Mortgage Bankers Association (MBA) reported a decline of 4.4 percent in ... (read more)

Federal student loan repayment is about to change in a big way. What borrowers need to know

Most Connected Mortgage Professionals 2023 This month, National Mortgage Professional Magazine features its “Most Connected Mortgage Professionals of 2023.” They are the top industry professionals selected by editors for their participation in the world of social media.

Economist: Mortgage Rates Matter Less Than You Think Though borrowing costs have doubled from two years ago, home buyers have avenues to offset higher interest rates, says NAR Deputy Chief Economist Jessica Lautz. Read More

NMP Magazine - July

Mortgage Banker Magazine

Scotsman Guide Residential Magazine

Gov. Whitmer Signs Legislation to Build More Affordable Housing, Community Projects

HB 4375 helps more communities use powerful economic development tools to become more attractive places to live, work, and invest. Read more...

Gov. Whitmer Applauds Passage of ‘Make it in Michigan’ Budget Balanced, bipartisan budget makes investments to lower costs, grow the economy, support student success, and deliver on the kitchen-table issues Read more...

Gov. Whitmer Announces More than 200,000 Michiganders will Gain Access to High-Speed Internet Under Historic Funding from Biden Administration