In this Issue
State News & Events
Legislative Update - George Klaetsch
August Primary Results Show Favor For Incumbency
2016 WMBA Annual Golf Outing
2016 2nd Annual Best in Business Awards
The end of summer is very near and back to school season is here. Where did the summer go?
The WMBA has some incredible programming for you. I hope you take full advantage of the opportunities. The Milwaukee chapter just wrapped up their Zoo A La Carte on a warm and somewhat wet Friday but that did not dampen the fun, networking and great food. Those that participated had a great time! The next big event is the WMBA Statewide golf outing at a brand new course this year. On September 8, the WMBA will bring about 100 people to the Broadlands Golf Club in North Prairie. There are still some spots left but the event is filling fast. Sign up here by September 2nd.
The Single Family Production Committee based in Milwaukee has been a huge success where WMBA members can join a very open conversation about the issues facing our industry and how to best overcome them. Under the leadership of Leo Spanuello and Margaret Haagensen (the new co-chairs of that committee) discussions like this are coming to a location near you! On September 20, the Northeast Region will hold a Roundtable Discussion Forum in Kaukauna that you will want to attend and participate.
Make sure you save the date for our 2nd annual WMBA Best in Business Awards dinner on October 27th at the beautiful Concourse Hotel in Madison. The selection committee is making final decisions for the finalists and winners from the many nominations received. This is a can’t miss event!
I am pleased to let you know the WMBA has hired a Social Media intern and will become much more active on a variety of social media platforms to help get the word out on our industry and our members as well as be a vehicle to attract new members. More to come on this in the next few months. In the meantime, don’t forget to join the Wisconsin Mortgage Bankers Association LinkedIn site and sign up for the Mortgage Bankers Association’s Mortgage Action Alliance to stay current on the political issues that could affect you.
Many of you have upgraded your WMBA membership to the unlimited tier. In many cases an increase of a couple of hundred dollars will allow your entire organization to reap the benefits of WMBA membership. Please consider this option as you renew your membership this year.
Please contact me or anyone on the Board of Directors any feedback you have to improve our association or topics for future educational opportunities.
August Primary Results Show Favor For Incumbency
The constant drumbeat of anti-establishment rhetoric that has been a theme throughout the presidential campaign was not evident in Wisconsin’s state primary election, August 9. While there were some close calls, every legislative incumbent who faced a challenge for their seat made it through the primary.Return to Top
Speaker Paul Ryan's primary race against Paul Nehlen registered on the national radar as one of interest. Nehlen was up with television ads attacking Speaker Ryan and he earned praise from some sectors of the national conservative media, but those factors were not enough. Wisconsin Republicans in the 1st Congressional District resoundingly rejected Nehlen as Ryan cruised to victory.
While the primary contests throughout Wisconsin were generally low turnout affairs, there were many races that had impactful results.
In the 8th Congressional District, Mike Gallagher won with an eye-popping 74 percent of the vote in a three-way primary against State Sen. Frank Lasee and Terry McNulty. He will now face Outagamie County Executive Tom Nelson in the seat to replace the retiring Reid Ribble.
In the state Senate, Sen. Lena Taylor won comfortably against Assemblyman Mandela Barnes in a race that election watchers thought could go either way. Taylor received more than 60 percent of the vote.
LaTonya Johnson won her open seat primary and will be the new Senator for the Milwaukee based 6th District Senate seat.
Dan Feyen beat Mark Elliott in the open seat to replace Rick Gudex in the 18th Senate District and will face Winnebago County Executive Mark Harris who easily won his primary.
In the state Assembly, incumbents Josh Zepnick and Leon Young fought off tough primary challengers to all but guarantee a return to the body. No other assembly incumbent was in jeopardy of losing their seat.
WMBA members to speak at the Housing the Future Seminar
Register today to secure your spot at the 2016 Wisconsin Real Estate and Economic Outlook Conference! You’ll connect with more than 160 professionals to discuss the trends and issues that are shaping the real estate and banking industries today. Keynote presenters include Ron Peltier, Chairman and CEO, HomeServices of America, Inc. and Michael Stegman, Fellow for Housing Policy at the Bipartisan Policy Center and Former Senior Advisor for Housing for The White House.
Other cutting-edge topics include:
· The Times are a Changin’: Adapting to Shifting Housing Market Demands
· Transformations in Housing Finance: What’s on the Horizon?
This session features WMBA President Michael Kellman, Past President Nicholas DelTorto and member Geoff Cooper
· Housing Policy: Current and Future Challenges
· Building a Housing Policy that Works
· A View from the Top: Trends that are Shaping the Housing Industry
Last year’s conference sold out so register soon at go.wisc.edu/outlookconf. Questions? Contact Lee Gottschalk at firstname.lastname@example.org or (608) 265-2032.
Celebrate the Best in Business with WMBA! Join your colleagues as we announce the winners of this year’s awards and celebrate the best in the Wisconsin Mortgage Industry.
Chapter News & Events
WMBA Online Store