New Mexico Mortgage Lenders Association

 

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. 

 

Chris Frost 

President

NMMLA Luncheon July

Join Us At Albuquerque Contry Club
Guest Speaker:
Marve Stockert
Falcon Innovations
Lunch Cost
$35 Members, $45 Non-Members
 
 

JOIN NMMLA After Lunch!

Thursday, July 9, 2015 
1:30 pm3:00pm 

 

RESPA/TILA Reform and the New Combined Disclosures

REGISTER HERE!
  Continue reading

Important Please Read – MBA, CSBS, IMS Standards Comment Letter

 

 June 23, 2015 

MSR Task Force Conference of State Bank Supervisors

1129 20th St, NW, 9th Floor

Washington, DC 20036 

 

re: CSBS Proposed Framework for Prudential Regulation of Non-bank Servicers 

 

The Mortgage Bankers Association (MBA)1 appreciates the opportunity to comment on the Conference of State Bank Supervisors’ (CSBS) proposed framework for prudential regulation of independent mortgage (or “non-bank”) servicers (the Proposal). Determining appropriate regulatory standards for non-bank servicers has been a topic that has attracted interest in recent years and we are grateful that CSBS has provided opportunities for feedback and taken the lead in the discussion. 

Continue reading

Important Please Read – CSBS Proposed Framework for Prudential Regulation of Non-bank Servicers

 

June 23, 2015 

MSR Task Force Conference of State Bank Supervisors

1129 20th St, NW, 9th Floor
Washington, DC 20036 

 

re: CSBS Proposed Framework for Prudential Regulation of Non-bank Servicers

The undersigned state mortgage banking associations (the Associations) appreciate the opportunity to comment on the Conference of State Bank Supervisors’ (CSBS) proposed framework for prudential regulation (the Proposal) of independent mortgage (or “non-bank”) servicers. This is a topic of interest and we appreciate that CSBS has taken the lead in this discussion and provided opportunities for feedback. As an initial matter, the Associations question whether such prescriptive prudential regulatory standards for independent mortgage servicers are appropriate.

Continue reading

From The President

From The President:

 

Another great lunch meeting gang! This month we were honored to have Albuquerque Police Chief Gordon Eden Jr. He had quite a bit to say but most importantly he thanked the many men and women in the room for being top flight business owners, community supporters and overall exemplary citizens of NM. He shared some great insight into the daily functions of the police force and shed light on the delicate relationship with the media. The message capstone, please support your law enforcement by going to Facebook and Twitter, searching for the APD handle and like them. NMMLA’s annual golf tournament is on August 28th at Santa Ana Golf Course. Teams are rolling in and we have already secured the lunch sponsor, Raylee Homes. Thank you!!! Mark the date gang, start forming your teams and let’s make this the best event yet. Lastly, next month’s luncheon is July 9th. We are looking to have some TRID training, even though the date of implementation has been pushed back. We can never be too prepared. I look forward to seeing you all there.

 

All my best,

 

Chris

NMMLA Luncheon June 2015

Join Us at Albuquerque Country Club 
Guest Speaker
Albuquerque Chief of Police
Gordon E. Eden, Jr.
 
Gordon E. Eden Jr.'s long and exepmplary public service career began as a New Mexico State Police officer and included assignments in the office of the Cheir and the Training and Recruiting Division.
 

Continue reading

From MBA Dave Stevens

untitled

State Legislative and Regulatory Committee Members,

I encourage everyone to read this piece released yesterday by the Economist Mark Zandi, and Urban Institute Senior Fellow Jim Parrott.

 

Continue reading

NMMLA May Luncheon

Join NMMLA for Lunch
Appraiser Panel Discussion
Market Trends and the Collateral UW Experience
with 
Guest Panelists
Stephanie Adams – ABQ Appraisal
Mic Hamilton – Hamilton Appraisals, Inc.
Bonsal Henry – Residential Appraisals, Inc.
Mark Raney – Residential Appraisals, LLC
Robin Stiles – Stiles Valuation Services
Dean Zantow – SRA – Appraisal Institute
 
 

Continue reading

From The President

Christopher
From the President,

Great seeing you all at the last NMMLA luncheon. If you were not there, you missed a very good speaker in Liz Davenport of Order From Chaos. Who in our industry does not live and breathe in chaos from time to time? As I reflected on Liz’s presentation, not only did I resemble much of what she talked about, I also realized that there are changes that can be made to be much more productive. I urge you to pick up her book, Order from Chaos, A 6 Step Plan for Organizing Yourself, Your Office and Your Life. I did and will tell you the first sections are extremely informative.

Jack Thompson gave us an update from the legislative front and as he so eloquently put it, no news is good news at this point. With the changing of the guard up at the Roundhouse, there has been little to no movement with many of the bills. As we hear more information, we will share it with you right here.

Stay tuned for upcoming news on the NMMLA annual golf tournament. If you are wanting to be on the committee, or any other for that matter, let us know.

Next luncheon is on April 9th at ACC, I look forward to seeing you then.

Chris

Follow Me On  http://gregfrost.com/emailgraphics/tweet.jpg

Message from the president

Christopher

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.

My best,

Chris

Must Read Letter in regards to The Legislation Action Fund


NMMLS Letterhead

Greetings,

My name is Jack Thompson and I have served as your NMMLA President for two terms and on the board for over 14 years. I am writing to you about our legislative initiatives here at the New Mexico Mortgage Lenders Association for the upcoming legislative session in 2015. We anticipate several bills to be introduced that take direct aim at our industry. Currently there is an official task force that was put into place by last year’s legislature. The task force has been charged with studying foreclosures and the foreclosure process in New Mexico. We are certain that a bill will be introduced as a result of the task force that will call for tighter restrictions on servicers during the foreclosure process. The bill will propose a complete judicial foreclosure process as well as more points during the foreclosure process that allow the borrower to delay foreclosure over and over. Currently it now takes over one year to foreclose on an unpaid mortgage in New Mexico. The task force will be asking for a process that allows for much more time and much more cost to the servicer.          Continue reading

Make Your MIP-PAC
Contribution Here!


Your cart is empty

FACEBOOK FEED
Unable to fetch the feed
Error :
  • A feed could not be found at http://www.facebook.com/feeds/page.php?id=207207385961899&format=rss20. A feed with an invalid mime type may fall victim to this error, or SimplePie was unable to auto-discover it.. Use force_feed() if you are certain this URL is a real feed.

RSS Feed currently unavailable.

MBA

MAA

Copyrighted New Mexico Mortgage Lenders Association (C) ALL RIGHTS RESERVED