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In this Issue |
April 2016 Edition |
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Presidents Message State News & Events Legislative Update - George Klaetsch PAC Pledge Campaign Residential Compliance and Loan Servicing Committee Update 2016-2017 WMBA Board of Directors Installation 42nd Annual WMBA Real Estate Finance Conference |
 April 14 -15 were days that made me proud (again) to be a part of WMBA. Our conference at the Hyatt Regency Milwaukee was a great success. We thank the many people who had a hand in that success and we especially want to thank our many sponsors and exhibitors who supported our efforts to deliver a quality event to almost 250 members. Initial survey results have been very positive with some good suggestions for next years event. Special thanks again to Conference Committee Chair Kim Schauer and the entire committee for coordinating a very classy conference. I also want to thank our tremendous association management staff for navigating all the moving parts involved in these types of events. Lastly, I want to thank all of you who attended both on Thursday night and all day Friday. It's always great to share ideas and network with industry professionals like you.Monday, April 25th was an important day for WMBA!! I was joined by our Secretary and Legislative Co-Chair Jan Brezina and Legislative Committee member and WRA Laison Ken Dickson to witness the ceremonial signing of Wisconsin Act 376 in Governor Walker's Capitol Office. Special thanks to our Legislative Committee, WMBA Leadership and our Government Affairs Lobbyist George Klaetsch for all of their efforts. Please see the Legislative Update in this newsletter for more details. On Thursday, June 16th, we will transition our WMBA Leadership Team at the Annual Installation Breakfast. This event will be held at the Milwaukee Marriott West in Waukesha ( convenient location from I 94 ). We have invited the new Wisconsin DFI Secretary Lon Roberts to address our members and install our Officers and Directors. We look forward to seeing you at this important event. As usual, our Chapters have been busy planning new events. Take a minute to review these opportunities for education, fun and networking..........from panel discussions to golf outings, our Chapters provide valuable programs for our members. Register today.....you won't be disappointed. One last thought........In Governor Walker's talk with members at our conference, he underscored the importance of what we do on a daily basis. We all participate in assisting our customers to realize their dream of home ownership. No matter what role you play in your organization, you can take great pride in knowing that what you do every day makes a difference in someone's life. Politics aside, in a private moment with the Governor, he wanted to make sure that our members knew he had a deep appreciation for the work we do. I told him that his presence at our conference was a clear indication of that appreciation. Enjoy these beautiful Spring days....I wish you all happiness and success in business and life.
Legislative Update - George KlaetschWMBA Members Attend Assembly Bill 720 Bill Signing  On April 25 the WMBA’s eight month legislative journey came to an exciting and rewarding conclusion, as WMBA President, John Inzeo, Secretary, Jan Brezina and Legislative Committee member, Ken Dickson joined Governor Walker, State Representative Terry Katsma and other industry stakeholders to participate in a ceremonial bill signing of the mortgage foreclosure reform legislation. As most of the readers know, Wisconsin Act 376 is the culmination of many WMBA members hard work and grassroots efforts to draft, introduce and pass the legislation in 2015 -16.Heartfelt thanks to WMBA leadership and Legislative Committee members for their hard work and engagement on this critical policy issue for the WMBA. As a result, Wisconsin Act 376 would ensure the following benefits to both lenders and borrowers:
The bill signing capped off another successful legislative year for the WMBA as the association transitions into the election season. Return to Top
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| Platinum Prize - Contributions of $200 and above | ||
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| Gold Prize - Contributions of $100 and above | ||
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| Silver Prize - Contributions of $50 and above | ||
| Table of six at the 2017 WMBA Real Estate Finance Conference | ||
| Bronze Prize - Contributions below $50 | ||
| Foursome at the 2016 WMBA Golf Outing on September 8, 2016 |
Winners will be announced at the WMBA Board Installation Event on June 16, 2016, at the Milwaukee Marriott West
Don’t Delay, Contribute Today!
Additional information about the PAC campaign and WMBA’s political involvement can be accessed at wimba.org/political. If you have any questions related to PAC contributions, please contact George Klaetsch at gklaetsch@kpasllc.com.
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Residential Compliance and Loan Servicing Committee Update
On Wednesday, May 18th we will be holding our bi-monthly committee meeting. Agenda topics include a Wisconsin legal update on Assembly Bill 720 (proposed changes to foreclosure redemption periods) and FHFA’s Principal Reduction Program. Click Here for AgendaAll members are welcome to join. If you would like to join the committee, please email Joseph Kaluzny (joseph.kaluzny@associatedbank.com) and he will add you to future meeting invitations.
Click Here for the minutes from our committee meeting in March.
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2016-2017 WMBA Board of Directors Installation
Join us as we install the 2016-2017 WMBA Board of Directors. WI Department of Financial Institutions Secretary Lon Roberts has been invited as the guest program speaker and will preside over the installation.Location: Milwaukee Marriott West
Date: Thursday, June 16, 2016
Click Here for More Information and Registration
42nd Annual WMBA Real Estate Finance Conference
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Conference Exhibitors  |
conference photos online.
Friday was full of education and networking. Twenty-six exhibitors were on hand to provide information on their products and services. Bill Emerson, Quicken Loans CEO and MBA chair, joined the group for a virtual presentation from the Quicken Loan headquarters in Detroit on his perspective from MBA. Governor Walker addressed the group prior to the morning exhibit hall break. MBA chief economist Michael Fratantoni presented a Mortgage/Housing Outlook and answered questions from the audience. Green Bay Packer Legend Jerry Kramer’s keynote kicked off the afternoon leading up to the close of the silent auction. Kramer also held another autograph and photo session. Fannie Mae VP of Applied Economic and Housing Research Dr. Mark Palim closed the day with a very educational session on the Demographics and the Future of US Housing Demand.
The silent auction raised nearly $3,000 for the WMBA Education Fund. Thanks to everyone who donated and bid on the items. Thank you to the committee for their great work and execution of a successful conference!
Watch for future information on the dates and location of next year’s conference!
| Real Estate Finance Conference Committee | ||
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Madison
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2016 Madison Chapter Annual Golf OutingMay 19, 2016University Ridge Verona |
Milwaukee
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2016 Milwaukee Chapter:
May 18, 2016 |
Northeast
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2016 Northeast Chapter: What's NEW at WHEDAMay 18, 2016Tundra Lodge 865 Lombardi Avenue Green Bay, WI |
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Take Action Today to Support Transitional Licensing for MLOs
Over the past few months, 1,391 MAA members have written letters to 330 Congressional offices in support of H.R. 2121, a bill that would provide transitional licensing authority to originate mortgages for individuals who move from a federally-insured institution to a non-bank lender or from one state to another while they work to meet the SAFE Act's licensing and testing requirements. Thank you to those MAA members who have already contacted their elected officials regarding H.R. 2121.
H.R. 2121 is an important bill for the mortgage industry. Transitional authority would be available to MLOs who have been registered for at least 12 months and have a clean history as an originator (e.g., no license denials, revocations or suspensions, no cease and desist orders, and no felonies that preclude licensing).
The language of the bill has been endorsed by MBA after consultation with the Conference of State Bank Supervisors (CSBS) and would be a narrow and simple solution to allow individuals to continue working and underwriting loans, while in no way weakening the important consumer protections of the SAFE Act.
H.R. 2121 has been cosponsored by a bipartisan group of 45 Members of Congress and was approved unanimously by the House Financial Services Committee. Growing support is VITAL to ensuring it is considered by the full House. Please write your member TODAY and urge them to cosponsor this important piece of legislation. Send a letter to your Member of Congress and make your voice heard on this important issue.
Best regards,
Bill Killmer
Senior Vice President of Legislative and Political Affairs
Mortgage Bankers Association
H.R. 2121 is an important bill for the mortgage industry. Transitional authority would be available to MLOs who have been registered for at least 12 months and have a clean history as an originator (e.g., no license denials, revocations or suspensions, no cease and desist orders, and no felonies that preclude licensing).
The language of the bill has been endorsed by MBA after consultation with the Conference of State Bank Supervisors (CSBS) and would be a narrow and simple solution to allow individuals to continue working and underwriting loans, while in no way weakening the important consumer protections of the SAFE Act.
H.R. 2121 has been cosponsored by a bipartisan group of 45 Members of Congress and was approved unanimously by the House Financial Services Committee. Growing support is VITAL to ensuring it is considered by the full House. Please write your member TODAY and urge them to cosponsor this important piece of legislation. Send a letter to your Member of Congress and make your voice heard on this important issue.
Best regards,
Bill Killmer
Senior Vice President of Legislative and Political Affairs
Mortgage Bankers Association
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The WMBA and the MBA have teamed up to bring you great access to the education components you need to stay current in the Mortgage Banking Business. For every product purchased through the WIMBA-MBA store the WMBA receives a % back. Please use the link below to help support our Association! Wisconsin Mortgage Bankers Online Store Remember to check back often! |
Chapter News & Events
2016 Madison Chapter Annual Golf Outing
2016 Milwaukee Chapter: TRID Update, Fannie Mae Credit Trending Changes & Mortgage Fraud
2016 Northeast Chapter: What's NEW at WHEDA
MBA Update
Take Action Today to Support Transitional Licensing for MLOs
WMBA Online Store
