In this IssuePresidents Message |
November 2015 Edition |
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State News & Events 2016 Real Estate and Finance Conference Thank you for your Membership! |
I want to take this opportunity to wish all of our members a Very Happy Holiday Season. No matter how we celebrate, one thing is constant, we are lucky to be surrounded by family and friends. I know many of you are involved in a variety of activities to assist folks who are in need during this time of year. Whether it's gifts for children, food on the table or other kinds of support, I applaud all of your efforts for the greater good of our communities.
As we prepare to close out 2015, we look forward to continuing our progress into 2016. I want to thank all of our members who give so much of their time to make the WMBA a great organization. We urge all of our members to get engaged with your local Chapters. Being an active industry professional is a tremendous career enhancement for all of us. Lastly, I want to wish you all a Happy and Healthy 2016. As we turn the page on another year, I'm thankful for all the wonderful people I've been fortunate to be associated with. Remember.....The Journey Is The Reward. 2016 Real Estate and Finance ConferenceFratantoni to Provide Economic Update at WMBA Real Estate and Finance ConferenceMike Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology for the Mortgage Bankers Association (MBA) will speak at the April 2016 WMBA Real Estate and Finance Conference. Mr. Fratantoni brings over 20 years of industry experience to his current role, including risk management and senior economist positions at Washington Mutual and Fannie Mae. Mark your calendar and watch for registration to open in early 2016!Thank you for your Membership!Promote your membership in WMBA with our NEW member logos! Visit http://wimba.org/MemberLogoDownload to download the option or options that best fit your needs.
Madison
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Return to Top NortheastReturn to Top UPDATE: Final Highway Bill Contains NO G-Fee IncreaseThe federal Highway Bill conference report, which reflects the result of negotiations between the House and Senate and will be the final version of the bill considered by Congress and sent to the President's desk, DOES NOT contain a provision to pay for a portion of the new transportation spending through an increase in the fees charged by Fannie Mae and Freddie Mac to guarantee a loan (g-fees).THANK YOU for raising the temperature on this critical issue. Mortgage Action Alliance support was the difference here, plain and simple. We need to continue strengthening MAA, to ensure the industry's voice continues to be heard in all forums. Please keep up the hard work! Best, Scott Nowak Return to Top MBA Risk Share Letter to FHFAEarlier today, MBA sent a letter to FHFA director Mel Watt, requesting a meeting to discuss our concerns with the types of credit risk transfers that Fannie Mae and Freddie Mac are engaging in today in the single family market. Much of the letter is designed to answer the primary concerns that the GSEs and others have raised with regard to up-front risk share transactions.As the letter states, we believe an effective risk share model must include four essential elements:
As always, please reach out with any questions. Best regards,
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Chapter News & Events 2015 Madison Chapter Annual Holiday Party & Distinguished Service Award Winner 2015 Milwaukee Chapter Holiday Party |
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MBA Update UPDATE: Final Highway Bill Contains NO G-Fee Increase MBA Risk Share Letter to FHFA |
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WMBA Online Store |