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, January 14, 2016
12:00pm to 1:00pm
Richard J. Berry
Richard J. Berry is the twenty-ninth and current Mayor of Albuquerque, New Mexico, and a former two term member of the New Mexico House of Representatives. Berry was sworn into office on 1 December 2009
Welcome to holiday season gang. I love this time of year as leaves change color, temperature drops a bit and a festive aura begins to fill the air.
We had an outstanding night at the 1st Annual Black Tie Gala to raise funds for our PAC. Paul Wilson, President of GAAR, was our emcee and did a wonderful job. Congressman Steve Pearce was our keynote speaker and had many enlightening points. A huge thank you to the committee, Todd Hathorne, Sarah Hosford-Campbell & Theresa Castellano, that worked tirelessly to put on such a successful event. I very much look forward to next years version.
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.