Vermont Mortgage Bankers Association
   News Update

Nov. 30, 2007
VMBA Bulletin Board
An Industry Update letter from the MBA is now posted on our website.  The letter outlines recent activities of the MBA related to all the issues in the industry. Link to Industry Issues.

Remember - our Holiday Social is next Wednesday, December 5 from 5:30 - 8:00 at the Inn at Essex.  Also the Sales Seminar runs from 1:30 - 5:00 the same afternoon at the Essex Outlet Theater.
If you've sent in your registration already - thanks.  If not, you may Register Now at the website.

A Draft Calendar of Events is Posted on our Website:  2008 EVENTS

are due to two of our Members.  Reeni Murphy, senior loan officer with Mortgage Financial, Inc.has earned her Certified Mortgage Professional designation fromReeni Murphy VMBA.  Reeni has 20 years experience in the banking and finance industry and has been an active participant in the VMBA and mortgage industry in Vermont. 

Do you have the experience to earn the CMP?  Check out the Program on our website.

Reeni Murphy

Joe Cousino, mortgage loan officer with Universal Mortgage Corporation, has been appointed to an open position on the VMBA Board of Governors.  Joe has over 20 years experience in the Real Estate business and has been an active member of the VMBA Education Committee.   Joe joins a distinquished and dedicated group of mortgage professionals serving your association!   Thanks to the entire Board for your service.   VMBA Board of Governors
Stowe GolfLegislative Committee
You can read the final House Passed version of HR 3915 from our             Legislation Page on our website.

The Legislative Committee has an active season planned, but to be most effective, we need to hear from YOU! 
If you have issues arise, that are a result of Legislation, Rules or Regulations that negatively impact your customers, we need to hear about it. 

It's the specific customer situations that best communicate the impact of regulations.  Have you received complaints relating to Property Tax Escrow Prebate issues?  Have you had closing challenges due to the change in how Prebates are credited to the taxes due? 
Have you had any customer or title opinion issues related to the Wastewater rules or Ancient Roads?

We want to hear from you! 

We all know that no news is good news.  So if we don't hear, we'll assume it's working fine for you and your borrowers.

But - if you have encountered issues - please follow the link below, and let us know by completing a short form.  We will not ask for customer names on this form.  We just need your name, and the situation so we can build our resources if we find we need to address any issues. 

Thanks - hope to hear from you!    LEGISLATIVE ISSUES FORM

Year-End Info
It's that time of year - year-end that is.  2008 Dues Invoices will be mailed in December so you may feel free to expense in either 2007 or 2008.   Dues remain the same at $400 for Lender Members and $250 for Affiliates.

Also Invoices for our Annual Sponsors will be mailed in December.  Thanks again to our 2007 Annual Sponsors:

First American Title Insurance
Vermont Attorneys Title Corp.
Vermont Housing FinanceAgency
Strategic Information Resources/SIR

Chittenden Bank
Law Offices of Fred Peet

Chicago Title Insurance Company
Bank of America
CMA Appraisals, Inc.
Coombs, Davis & Hill, LLP
Dolan Appraisal Service
National City Mortgage
CBC Innovis

Please become an Annual Sponsor!
Vermont Mortgage Bankers Association
Diane M. Smith
Executive Director