Welcome to the New Mexico
Mortgage Lenders Association.
Welcome to the New Mexico Mortgage Lenders website. Here you will find what is happening today, tomorrow or within the year in the mortgage industry. There are many items that can impact both lenders and consumers that we want to make you aware of. Reduction of FHA mortgage insurance premiums and Foreclosure reform are a few such things.
The New Mexico Mortgage Lenders Association is the state affiliate of the Mortgage Bankers Association (www.mba.org). As a consumer, you are welcome to use the “Consumer Tools” within this website as well as at that Mortgage Bankers Association website. As a lender, please utilize this site as an informative tool to get the latest and greatest updates on changing laws, rules and regulations that impact you and our industry. Each and every member of our organization subscribes to our Code of Ethics so please feel at ease when contacting any of us for advice, inquiry or qualification of financing. To insure that our industry is continuing to move in the right direction, please join the Mortgage Action Alliance. The Mortgage Action Alliance (MAA) is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate industry professionals and concerned citizens affiliated with the Mortgage Bankers Association. MAA is dedicated to not only having a voice, but being heard in Washington DC, state capitals and cities across the country. I urge you to get involved with MAA to play an integral role in how laws and regulations that affect our industry are presented, formed and ultimately implemented. It only takes a moment of your time sign up and start making a difference.
We look forward to a fantastic 2015. Our monthly luncheons are held the 2nd Thursday of each month and I look forward to seeing you all there.
Join us at
Tanoan Country Club
on Thursday, November 12, 2015
12:00pm to 1:00pm
The Mortgage News Daily
Mr. Rob Chrisman serves as Senior Vice President and Director of Capital Markets at RPM Mortgage, Inc.
Mr. Chrisman began his career in mortgage banking 19 years ago in 1985 with First California Mortgage,
New Mexico Mortgage Lenders Association 2015 Awards
Albuquerque, NM (November 16, 2015)- On November 7, 2015, the New Mexico Mortgage Lenders Association hosted a black tie fundraiser and awards banquet at the Albuquerque Convention Center. The event was well attended by mortgage lenders who wanted to know who would be honored as the 2015 Mortgage Lender of the Year. The New Mexico Mortgage Lenders Association has awarded Nancy Archuleta of Melbourne Financial the 2015 Mortgage Lender of the Year. Angela Muxworthy, CMB of Nusenda Credit Union was awarded the 2015 Ethics Award and Vince Smith also of Nusenda Credit Union received the 2015 Rookie of the Year Award.
The keynote speaker for the event was Congressman Steve Peace NM CD2. Congressman spoke about the importance of housing and personal wealth building through homeownership and how his success in life is attributed to the small homestead owned by his parents outside of Hobbs, NM. Congressman Pearce told of the pride felt by his family when they purchased their home and that home was and is a solid foundation for his family as he and his siblings grew up learning to appreciate the value of hard work and how the importance of leveraging that small asset allowed all of the Pearce children to attend college and become successful individuals. Congressman Pearce also discussed his sponsorship of legislation supporting Native American community housing and its importance to the economic well-being of the state of New Mexico. The evening was filled with comradery, great food and fine wine. The silent auction boasted some wonderful pieces of artwork and pottery from local artists.
The New Mexico Mortgage Lenders Association is a non-profit organization that promotes the interests of those engaged in the business of lending money upon real estate and those engaged in the business of buying, selling and dealing in mortgages or bonds secured by real estate. The New Mexico Mortgage Lenders Association encourages ethical business practices, education of consumers and industry professionals. Collaboration with public and private agencies in the establishment of sound real estate practices is an important part of what we do. The Association advocates sound and just legislation, judicial decisions and administrative regulation pertaining to or affecting any rights or interest in mortgage lending.
Todd Hathorne, PAC Chair of NMMLA
Dear Mortgage Action Alliance Member:
Earlier this year, the Federal Housing Finance Agency (“FHFA”) introduced a proposed rule that would restrict membership in the Federal Home Loan Bank System (“the System”) in two legally questionable ways. First, it would unilaterally redefine the term “insurance company” to exclude captive insurers; and second, it would institute for the first time an on-going asset test that its members must meet in order to apply for or maintain their membership within an individual Home Loan Bank.
From the President:
Thanks to all who attended the October lucheon where we have our esteemed lobbyist Larry Horan speak. He shared some wonderful information on the legislative front, past, present and future. I think Larry for his continued contribution to our industry and our organization.
Well done Golf Committee!! Our annual golf tournament was a success and it’s due to volunteers like Vince Smith, Karen Hall, Theresa Castellano, Dean Ellison and a host of others. Thank you everyone who contributed and/or played. Big news is our Black Tie Fundraiser on November 7th. Congressman Steve Pearce is our guest of honor and Paul Wilson, President of GAAR, will be our MC. Tickets are on sale now for this not to be missed event.
I look forward to seeing you at our fundraiser and at the next luncheon on November 12th.
All my best,
From the President:
What a great luncheon today! If you were not able to attend, you missed one heckuva presentation by Amy Swaney, CMB & Chairwoman of Mortgage Action Alliance. A few key items of note from Amy’s speech, we need you, and we need you badly.
Did you know that there are 300,000 people in the mortgage industry and only 8900 of them are signed up with MAA. What’s worse than that, only 64 members are from New Mexico. One of our single greatest gifts is a voice and only 3% of our industry is using it! Come on gang, join MAA today. It takes a few minutes of your time and does not cost you a penny. The form is located on this website for ease of completion.
The National Association of Realtors spent $18.5M in 2014 on PAC support and agenda items. In comparison, the Mortgage Bankers Association was only able to raise $1.5M in 2014. It’s no wonder we struggle to win support on topics pitted against NAR. We need you again, and we need you badly. The PAC form is located on this site for ease of completion. Please consider contributing $25 per month to support our cause, your career and the dream of homeownership for all American families.
There are some bills up for discussion this legislative period and NMMLA is wading through them all. The Legislative Committee has a meeting on the 18th with the Assistant Attorney General and our council to discuss them and their potential ramifications. Please look for Jack Thompson’s commentary on this site for further information.
Next luncheon is March 12th and I look forward to seeing you there.