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CMLA Weekly News Buzz - August 11, 2020

Published: August 11, 2020

CMLA News Digest
Welcome to the CMLA News Buzz!
This is your weekly hub of information about what's going on at CMLA.
 
August 11, 2020
 
 
CMLA News Highlight of the Week!
 
 
Tune in to the 2020 CMLA Virtual Convention
Need to get out for some fresh air? 
Tired of talking to your colleagues over Zoom calls? 
 
Join us for the 2020 CMLA Golf Classic
Friday, October 2nd
Registration Now Open!
 
We will be gathering at the Raccoon Creek Golf Club for a fun day on the links while keeping safe and socially distant. Register today!
 
 
Register to play golf
Sponsor Golf Classic
 
 
What's Happening in Membership
 
Need to sign up or renew your membership? Try our NEW Online Application.
 
Sindi Lillis - Membership Manager
We'd like you to meet our Membership Manager, Sindi Lillis. She is available to answer all of your membership questions and will be notifying you when your membership is up for renewal.
Sindi Lillis
303-773-9565
 
Become a CMLA Member
Renew Your Membership
Say HELLO! to our Featured Member of the Week
 
 
Cherry Creek Mortgage Company
Cherry Creek Mortgage Company
Renewing Member - Since 1993
 
 
Why are you involved with CMLA?

I love what the CMLA stands for and their mission to educate, represent, and ultimately advance the mortgage lending space.  We're privileged to have an association that speaks out for our industry and helps to bring us all together.

How does CMLA add value to your company?

The CMLA allows CCMC to have a voice in molding the Colorado mortgage lending industry.  Their conferences provide the perfect networking opportunity for many of us to discuss issues, find solutions, and plan for a brighter future.
 
David Arnett
Vice 'president of Marketing & Communications
Cherry Creek Mortgage Company
 
 
CMLA is YOUR Legislative Advocate in the Mortgage Industry
 
August 11th - MBA: Share of Mortgage Loans in Forbearance Decreases for 8th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 23 basis points to 7.44% of mortgage servicers’ portfolio volume as of Aug. 2, down from 7.67% of servicers’ portfolio volume the prior week. MBA estimates 3.7 million homeowners are in forbearance plans.
 
August 11th - MBA Asks CFPB to Extend GSE ‘Patch’ Sunset
The Mortgage Bankers Association, in a comment letter yesterday to the Consumer Financial Protection Bureau, asked the Bureau to extend the temporary GSE Qualified Mortgage loan definition, also known as the GSE “Patch,” for an additional six months following the effective date for the revised general QM parameters.
 
August 11th - FHFA Announces Extension of GSEs' Ability to Purchase Loans in Forbearance
The Federal Housing Finance Agency announced that it is extending the temporary policy allowing the GSEs to purchase loans for which the borrower has requested - or entered - into forbearance prior to the delivery of the loans to the GSEs. Fannie Mae and Freddie Mac updated their lender letter and bulletin, respectively, to reflect this change.
 
July 31st - Board of Mortgage Loan Originator Rules, Effective January 1, 2021
The Colorado Board of Mortgage Loan Originators adopted updated rules for mortgage loan originators and mortgage companies based on recommendations from an advisory board. CMLA was invited to join the advisory board and played an instrumental role in the rulemaking process. The 1-hour Colorado-specific CE Course requirement will be repealed when the rules go into effect in January.
 
Dieter Raemdonck
CMLA Registered Lobbyist

Dieter Raemdonck is the registered lobbyist for CMLA and his practice is focused primarily on government relations matters at the federal, state, and local levels.
 
The Legislative and Regulatory Affairs Committee (LARAC) meets monthly to review proposed legislation and regulatory developments. We routinely comment on legislative and regulatory proposals to state and federal agencies, are active members of the Mortgage Bankers Association (MBA) and we attend the MBA’s National Policy Conference to engage with the Colorado Delegation in Washington, D.C.
 
Learn More about CMLA's Legislative Efforts
 
COVID-19 Update
CMLA is continuing to monitoring the COVID-19 virus' impact on our members, staff, and communities. We are still open for business and remain committed to working on your behalf. We are hard at work preparing for the Colorado legislature's return to session as well as planning future events and webinars.

For the latest information about the COVID-19 virus:
 
THANK YOU to CMLA's Members whose dues help the industry during challenging times.
 
Meet CMLA's Members
 
Join us for these upcoming CMLA Events
 
 
Ascend Appraisal Solutions Webinar
Member Webinar
 
Certainty Amidst Uncertainty: A Proven Appraisal Process
presented by 
Ascend Appraisal Solutions
 
Tuesday, Sept 15th
11-12 mt
 
Register for Webinar
 
2020 CMLA Golf CLassic
2020 CMLA Golf Classic
 
Friday, October 2nd
 
Raccoon Creek Golf Course
7301 W Bowles Avenue
Littleton, CO
 
Registration and 
Sponsorship 
Sales now Open!
 
Register to Play Golf
Sponsor the Tournament
 
 
CMLA Upcoming Events
CMLA has several education trainings, networking events and webinars in the works for 2019. Check back frequently
for more information.
 
CMLA Event Page
 
 
The CMLA Forums - Opportunities for Industry Leaders
 
CMLA Forums
The CMLA Forums provide industry leaders with opportunities to join together as peers to share ideas, opinions and support; to work together to understand, discuss and solve issues confronting the mortgage lending industry; and, to access executive session speakers and information that would not normally be available to the general membership.
Please click the link below for more information
about joining a CMLA Forum.
 
Learn more about CMLA Forums
Upcoming 2020 CMLA Forum Events
 
SALES MASTERMIND FORUM
 
Wednesday, August 12, 2020
Presented by Reggie Rivers and TJ Kennedy from Universal Lending
 
Wednesday, September 9, 2020
Topic: TBD
Presenter: TBD
 
Wednesday, October 14, 2020
Topic: TBD
Presenter: TBD
 
 
LEADERSHIP FORUM
 
Friday, August 14, 2020
Presented by Charlotte Tyson with Genworth Mortgage Insurance
 
Friday, November 13, 2020
Presented by Jeff Carney with FranklinCovey
 
 
EXECUTIVE FORUM
 
Thursday, September 10, 2020
Scenario Planning
Presented by Pete Reicks with Elevations Credit Union
 
Thursday, October 8, 2020
Political and Legislative Update
Presented by Bill Killmer with the MBA
 
 
OPERATIONAL AND COMPLIANCE FORUM
 
Wednesday, August 12, 2020
COVID-19 Issues Roundtable
No Presenter
 
Wednesday, September 9, 2020
Topic: TBD
Presenter: TBD
 
Wednesday, October 14, 2020
Topic: TBD
Presenter: TBD
 
 
Who is CMLA?
 
CMLA Mission Statement
The Colorado Mortgage Lenders Association is an organization committed to responsible homeownership achieved through the practice of integrity-based lending. We serve our community through effective education, principled representation and gracious networking to advance free enterprise and the highest ethical standards in the mortgage lending industry.
 
Meet the CMLA Board
Meet the CMLA Staff