Unbelievably, summer is almost over and we are nearing the most important election possibly in the history of our nation. Regardless of what happens in the election and where your political heart lies, the next year will be perhaps the most important for the mortgage industry for the remainder of our careers. Why? We still have well over 100 regulations that will be drafted by the CFPB that will speak directly to mortgage banking issues. We are starting to see the details and proposals on these over the past few weeks and this will continue on right thru the January, 2013 — deadline established by Dodd-Frank. On behalf of the Texas Mortgage Bankers Association, the executive committee has been taking a very proactive stance on helping shape these regulations so as to minimize the unintended consequences to the industry. We have commented formally on the Qualified Mortgage (QM), Qualified Residential Mortgage Risk Retention (QRM), Servicing Standards and Servicing Compensation. We are in the process of preparing comments on the proposed TILA changes and Loan Officer Compensation. While not every regulation will impact all of us directly (i.e. the new servicing standards), each will impact all of us indirectly in some way. As a result, we must remain diligent about two things; 1) raising PAC funds to continue to impact the process as our next legislative session in Austin is starting to heat up. As I said back in May at the convention in San Antonio, just because we are having a good year in 2012, now is not the time for us to get complacent. Complacency in the face of this regulatory change would be disastrous in my opinion. While I’m certainly pleased that our member companies are both busy and profitable (perhaps more than many expected to be), we need to continue to focus on the developments in Austin and the regulatory developments in Washington; 2) staying involved and continuing the dialogue with our elected officials. They want to hear from you and understand how these regulations will impact your business and their constituents. Now, more than ever before, we need to do this on a consistent basis at both the state and national level. Having said this, I am optimistic about the future of our industry and our association. We are the strongest state association in the country in terms of both financial stability and membership. Let’s continue to build on this strength and help move the industry and the country in the right direction. I will be seeing many of you as I will travel around the state starting in September. I’d appreciate your thoughts and feedback on these issues or anything else the TMBA can improve upon. All the best, Tim Fisher 2012.2013 TMBA President JULY | AUGUST 2012 Vol. XX No. 4 President’s Message Officers President Timothy Fisher, Houston Vice President Susan T. Stewart, San Antonio Secretary/Treasurer Tom Rhodes, Austin Associate Representative Scott Gillen, CMB , Houston Past President David E. Frase, CMB, AMP, Dallas Past President W. Scott Norman, Austin Executive Vice President Lisa Vercher, Austin General Counsel John Fleming, Austin Directors Tommy Bastian, Addison Blane L. Bauch, Houston Peter Beanland, Southlake Judith A. Belanger, CMB, Houston James Clapp, Plano Amy J. Coke, Dallas Brian Collins, Fort Worth Clifton A. Crabtree, Houston Scott Gillen, CMB, Houston Jason Gillespie, CMB, AMP, Dallas Dana Gompers, CMB, Houston Jonathan M. Grafflin, Irving J. Kevin Gugenheim, Houston Michael L. Kennemer, Addison Renessa Knowles, Lubbock Michael Lima, Lewisville Rob Macioce, Sugar Land Paulina S. McGrath, Houston Jodie Morgan, AMP, CMB, Coppell Chad Overhauser, Austin Mary Pirrello, AMP, Dallas Allan B. Polunsky, San Antonio Mark A. Raskin, Dallas Ruth Ruhl, Dallas Todd Salmans, Dallas Thomas Tallent, Fort Worth Billy F. Vaughn, Dallas Thomas F. Vetters, II, Austin Trey Worley, Dallas Ian Wright, AMP, CMB, Dallas Staff Executive Vice President Lisa Vercher Membership & Meeting Coordinator Shannon McKinley Communications Specialist Jamie Powers www.texasmba.org t www.texasmortgagelicensing.org 2012-2013 President Timothy Fisher
Transcript
Unbelievably, summer is almost over and we are nearing the most important election possibly in the history of our nation. Regardless of what happens in the election and where your political heart lies, the next year will be perhaps the most important for the mortgage industry for the remainder of our careers. Why? We still have well over 100 regulations that will be drafted by the CFPB that will speak directly to mortgage banking issues. We are starting to see the details and proposals on these over the past few weeks and this will continue on right thru the January, 2013 — deadline established by Dodd-Frank. On behalf of the Texas Mortgage Bankers Association, the executive committee has been taking a very proactive stance on helping shape these regulations so as to minimize the unintended consequences to the industry. We have commented formally on the Qualified Mortgage (QM), Qualified Residential
Mortgage Risk Retention (QRM), Servicing Standards and Servicing Compensation. We are in the process of preparing comments on the proposed TILA changes and Loan Officer Compensation. While not every regulation will impact all of us directly (i.e. the new servicing standards), each will impact all of us indirectly in some way. As a result, we must remain diligent about two things; 1) raising PAC funds to continue to impact the process as our next legislative session in Austin is starting to heat up. As I said back in May at the convention in San Antonio, just because we are having a good year in 2012, now is not the time for us to get complacent. Complacency in the face of this regulatory change would be disastrous in my opinion. While I’m certainly pleased that our member companies are both busy and profitable (perhaps more than many expected to be), we need to continue to focus on the developments in Austin and the regulatory developments in Washington; 2) staying involved and continuing the dialogue with our elected officials. They want to hear from you and understand how these regulations will impact your business and their constituents. Now, more than ever before, we need to do this on a consistent basis at both the state and national level. Having said this, I am optimistic about the future of our industry and our association. We are the strongest state association in the country in terms of both financial stability and membership. Let’s continue to build on this strength and help move the industry and the country in the right direction. I will be seeing many of you as I will travel around the state starting in September. I’d appreciate your thoughts and feedback on these issues or anything else the TMBA can improve upon.
All the best,Tim Fisher2012.2013 TMBA President
JULY | AUGUST 2012 Vol. XX No. 4
President’s MessageOff icers PresidentTimothy Fisher, HoustonVice PresidentSusan T. Stewart, San AntonioSecretary/TreasurerTom Rhodes, AustinAssociate RepresentativeScott Gillen, CMB , HoustonPast PresidentDavid E. Frase, CMB, AMP, DallasPast PresidentW. Scott Norman, AustinExecutive Vice PresidentLisa Vercher, AustinGeneral CounselJohn Fleming, Austin
DirectorsTommy Bastian, AddisonBlane L. Bauch, HoustonPeter Beanland, SouthlakeJudith A. Belanger, CMB, HoustonJames Clapp, PlanoAmy J. Coke, DallasBrian Collins, Fort WorthClifton A. Crabtree, HoustonScott Gillen, CMB, HoustonJason Gillespie, CMB, AMP, DallasDana Gompers, CMB, HoustonJonathan M. Grafflin, IrvingJ. Kevin Gugenheim, HoustonMichael L. Kennemer, AddisonRenessa Knowles, LubbockMichael Lima, LewisvilleRob Macioce, Sugar LandPaulina S. McGrath, HoustonJodie Morgan, AMP, CMB, CoppellChad Overhauser, AustinMary Pirrello, AMP, DallasAllan B. Polunsky, San AntonioMark A. Raskin, DallasRuth Ruhl, DallasTodd Salmans, DallasThomas Tallent, Fort WorthBilly F. Vaughn, DallasThomas F. Vetters, II, AustinTrey Worley, DallasIan Wright, AMP, CMB, Dallas
Jackie AdamsJames R. AlexanderEverett L. Anschutz, Jr.Gerald A. AustDavid BakerPeggy BakerMichael J. BarberRosemary E. BarbourDeric BarnettTommy BastianPeter BeanlandJudith A. Belanger, CMBBrian BennettJeff BitherSteven D. BlackJeffrey E. BodeRhiannon BolenStan BomarKaren M. BootsVickie BourassaRick BoydJohn L. BradleyShawn BroussardMike BrubakerAnthony A. BruschiCharles V. CaporinaMichael A. CarrollRudy CasanovaAl ChinnKristin ClardyAmy J. CokeTracy Maynard ColeBrian CollinsJoe CollinsJohn CombsRoberto ContrerasBrad N. CopeNancy CorlettNatalie CouchStephen CrispinRay J. Daniel, CMBCheryl DarterLinda DavidsonDanny DeatonYvette DobbinsScott DrescherRobert DunnJennifer EggenJohn FarrellTimothy FisherMalcolm FitzgerrellJohn Fleming
Troy A. Fore, Jr.Eric FransonDavid E. Frase, CMB, AMPCathy FreemanRobert D. GardnerTroy Garris Brendan A. GeorgeJennifer GerlichRobert W. Gerrard, Jr.Scott Gillen, CMBJason Gillespie, CMBChad GomollDana Gompers, CMBKurt GonzalezJonathan M. GrafflinMarty GreenJulie M. GrossJ. Kevin GugenheimKittie GugenheimTamara HambrightDan HastingsRupert Hays, CMBThomas C. HelmScott HenleyMarie HenningRick HogleKurt HopfeJ.K. Huey, CMB, AMPStewart HunterJames Iley, Jr.Dean InnissAdam IsbellChuck JacksonJames Randy JacksonKen JohnsonMark KellyKeith KittermanMike KleinCharles E. KleinRenessa KnowlesSue LeBlancCandy LewisMichael LimaStacy London, CMCChris LongH. Clifford LongMark LyonsVincent MagnariniKay W. MalaiseCalvin C. Mann, Jr.Matthew S. MartinKeith Martin
Chris MasonJeff MasonMariella MassaChris McDanielPaulina S. McGrathRoy McGregorJames McGurkJed MeauxDeanna MellasMike MercerMichael D. MinnisBrian MitchellBarbara MoffettJodie Morgan, AMP, CMBJ. David Motley, CMBScot MountcastleGeorge A. MountcastleVicki MurphyNancy Newhard-BelcherW. Scott NormanShari NottKaren OakersonGene O’Bannon, CMBThomas OrrVictor OwensPaul ParkinsonDavid PedersonCherie PheifferMary Pirrello, AMPKevin PolivkaTodd PotterPaul PritchettAndrew PruittJeff RaichMark A. RaskinSteve RemingtonTom RhodesKenneth F. RicheyVon L. RinggerRuth Ruhl
Dan RushingCary RussellTodd Salmans Randy ShannonSuzanne SmithPeter SpierS. Van StewartSusan T. StewartGreg StokesJames StoneJohn SullivanThomas TallentMac TatumKathie ThomasLisa TorgersonLiberty TribeScott R. ValbyAndrina ValdesBilly F. VaughnThomas F. Vetters, IIChris VivianoDaniel VoigtRobert H. WagnonSara WalkowiakJohn WatsonKen WeislakErin WellsDarren WhiteKaye Lynn WhiteRob G. WigginsMarcia Wilson, CMBTrey WorleyIan Wright, AMP, CMBEldon L. Youngblood
AS OF 8/31/2012
Texas Mortgage Bankers Association
TMBPAC CONTRIBUTORS 2012
Are you on the list? If not, contribute today and join other
TMBPAC CONTRIBUTORS.
SWBC Mortgage Corporationleader of the 2012 TMBPAC Race
TMBA’s missionis to be committed to being a quality-focused association of real estate finance professionals that provides the best educational resources, government advocacy, and industry interaction available for building a viable, competitive, and profitable mortgage lending and servicing industry in the state of Texas.
October 15 & 16, 2012 | 8:30 am - 6:30 pm TMBA | 823 Congress Ave, 2nd Fl Conf Rm | Austin, TX 78701
November 12 & 13, 2012 | 8:30 am - 6:30 pm Cendera Center | 3600 Benbrook Hwy | Ft Worth, TX 76116
8 Hour SAFE Comprehensive RMLO CE Course
20 SAFE Pre-licensing Course
Future Leaders CORPORATE
SPONSOR
I AM A WOOTENFU TU R E LEA D ER SThe TMBA Future Leaders Program is dedicated to identifying and cultivating the next generation of industry leaders by awarding several scholarships to the MBA Future Mortgage Leaders program.
The Scholarship was developed in 1993 and has since become the primary focus for the Future Leaders. Now called the Future Leaders/James M. Wooten Scholarship, the program was designed focus on developing new leaders who will guide our organization and our industry in the years to come.
Scholarship winners participate in a series of three seminars throughout the year focusing on leadership, business analysis and decisionmaking.
Scholarship applications are accepted each year by DECEMBER 1! If you are interested in becoming a Wooten and applying complete the 2013 application and return to the TMBA office by December 1st.
“The Future Mortgage Leaders program has been a game changer for me. I have been in the mortgage business for over 20 years and this is one of the best programs I have ever attended. It is designed to enhance the skill set of mid to senior level managers, but it does so much more! The personal leadership assessment provided me with incredible insight and growth opportunities as a leader. Attending the Advocacy Conference and lobbying on “The Hill” for the first time was an amazing experience. We do have a voice and we can take action to help shape the future of our industry. This was an empowering and humbling experience at the same time, but truly life changing. While the curriculum and program were well worth the time and effort, it is truly the relationships and industry peers that I have met through this program that made this an opportunity of a lifetime. This program opened the door for me to work side by side with industry leaders who are passionate about mortgage banking. The relationships I have made through this program made this entire experience priceless. If you plan on being in the mortgage banking industry for the long haul, this is a “must” program to attend. “
- Karen Bracken, Vice President of Mortgage at Pulte
Individual $175 Group Registration (must register at least 4 additional employees) $135
*To receive the group rate, there must be at least fi ve (5) attendees from the same company registering at the same time. Use the section below to list the addtional four (4) attendees.
Payment
mail registration form to TMBA, 823 Congress Ave, Ste 220, Austin, Texas 78701or fax registration form to 512.480.8621
Texas Mortgage Bankers Association | 823 Congress Ave, Ste 220, Austin, Texas 78701 | 512.480.8622 p | 512.480.8621 f
REGISTRATION FORM
fi rst name last name middle initial
company title
mailing address
city state zip email
phone fax Are you a fi rst time attendee? Yes No
Do you have any special needs addressed by the American Disabilities Act? Yes No – if yes, please attach a statement regarding any particular needs you may have and someone from our offi ce will contact you.
Where did you hear about the Annual Southern States Servicing Conference? TMBA website TMBA Newsletter Email Blast Trade Magazine Ad Other :
Check enclosed (payable to TMBA) AMEX MC Visa Total amount paid:
CC number expiration date
card holder fi rst name last name *authorized signature
Mortgage Builder Software | booth 13Mortgage Builder is an all-inclusive origination system
for retail, correspondent and wholesale loan production.
We provide end-to-end functionality that handles pre-
qualification through interim servicing and delivery. The
Mortgage Builder system includes embedded closing
document production, imaging with an additional
electronic document management solution, the ability
to create custom documents and reports and over 70
interfaces in 16 different categories.
EXHIBITORS PROFILES
Connected through an advanced, easy-to-use workfl ow management system, our nationwide team delivers a full range of regulatory-compliant property preservation and inspection services, plus these cost-effi cient support and technology solutions:
www.texasmba.org t www.texasmortgagel icensing.orgwww.texasmba.org t www.texasmortgagel icensing.org
JULY | AUGUST 2012 Vol. XX No. 4 TMBA Mortgage Roundup
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TMBA Mortgage Roundup JULY | AUGUST 2012 Vol. XX No. 4
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KEYNOTES | SPEAKERSDouglas G. DuncanFannie Mae, Senior Vice President and Chief EconomistDouglas G. Duncan is Fannie Mae’s senior vice president and chief economist. He is responsible for providing all forecasts and analyses on the economy, housing, and mortgage markets for Fannie Mae. Duncan also is responsible for strategic research regarding external factors and their potential impact on the company and the housing industry. Named one of Bloomberg / BusinessWeek’s 50 Most Powerful People in Real Estate and one of Inman News’ 100 Most Influential Real Estate Leaders for 2011.
Mark J. BrezinaU.S. Department of Housing and Urban Development Deputy Regional Administrator for Region VI Ft WorthOn June 2, 2012, Mark J. Brezina became Acting Regional Administrator for Region VI of the U.S. Department of Housing and Urban Development due to the retirement of our former Regional Administrator.
Susan R. McFarlandFannie Mae, Executive Vice President and Chief Financial OfficerSusan is responsible for financial management across the enterprise, including financial reporting and accounting, and for ensuring the highest standards of financial integrity. She also plays a leading role in managing Fannie Mae’s relationships with government and regulatory entities, analysts, and banks. Ms. McFarland has more than 25 years of experience in consumer and retail financial services.
Michael YoungMortgage Bankers Association, ChairmanMichael W. Young, is also the Chairman of the Board of Cenlar FSB. An active MBA member for more than four decades, Young is a former member of MBA Board of Directors and currently sits on MBA’s Council on Ensuring Mortgage Liquidity, a task force of MBA members created to examine policy options and issue recommendations for the future of the secondary mortgage market.
Jim CarleyCFPB Chief ExaminerCarley joined the Bureau as Southeast Regional Director in October 2011 to lead supervision of bank and non-bank financial services firms across fifteen jurisdictions. Jim came to the Bureau from the Federal Housing Finance Agency, where he served as the Senior Associate Director for Examinations in the Division of FHLBank Regulation.
Lawrence Platt K&L Gates, Practice Area LeaderMr. Platt is one of the two Practice Area Leaders of the Financial Services Practice of K&L Gates and sits on the firm’s Management Committee. K&L Gates maintains one of the most prominent financial services practices in the United States, representing diversified financial services institutions and their affiliated service providers. Mr. Platt was named one of Washington’s Ten most Influential People on lending issues by Lending Intelligence Magazine.
Jared Woodfill and Geoff BergFOX NEWS Mr. Woodfill is Chairman of the Harris County Republican Party, having been re-elected five consecutive terms. He also served as vice-chairman for Senate District 17’s District Convention. He has been highlighted in numerous periodicals, radio, and television shows.
Geoff Berg is a partner at Berg & Androphy as a Civil Trial attorney and a former partner at Dow, Golub, Berg and Beverly LLP. Geoff is also a Talk Show Host at KPFT 90.1 FM covering the Houston metropolitan area featuring progressive talk. He was named a Texas Super Lawyer by Texas Monthly Magazine every year since 2004. Only 5% of Texas Lawyers earn this distinction.
Mr. Woodfill and Mr. Berg will be commenting on the national elections that will have taken place the week before our Seminar.
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Payment Information
Optional Event registration handicap before Oct 12 after Oct 12
Golf $125 $140
Open reception tickets $50 $50
Closing reception tickets $50 $50
Please use one registration form per attendee before Oct 12 after Oct 12
member $175 $225
non-member $300 $350
Do you have any special needs addressed by the American Disabilities Act? Yes No – if yes, please attach a statement regarding any particular needs you may have and someone from our offi ce will contact you.
Where did you hear about the Annual Educational Seminar & Marketplace? TMBA website TMBA Newsletter Email Blast Postcard Other :
Please copy and use one registration form per attendee unless you are signing up as a group registration.
mail registration form to TMBA, 823 Congress Ave, Ste 220, Austin, Texas 78701 or fax registration form to 512.480.8621.Texas Mortgage Bankers Association | 823 Congress Ave, Ste 220, Austin, Texas 78701 | 512.480.8622 p | 512.480.8621 f
Registration Form
Group rate*
members $135 $185
non-members $260 $310
*To receive the group rate, there must be at least six (6) attendees from the same company registering at the same time. All group registration forms must be submitted together for the group rate to apply.
Check enclosed (payable to TMBA) AMEX MC Visa Total amount paid:
CC number expiration date
card holder fi rst name last name *authorized signature
www.texasmba.org t www.texasmortgagel icensing.org14
TMBA Mortgage Roundup JULY | AUGUST 2012 Vol. XX No. 4
MARKETING OPPORTUNITIESTabletop-Exhibit OpportunitiesTMBA is excited to offer this extraordinary networking event to your company. With the licensing, education updates statewide, we anticipate a larger than normal crowd at the already popular event. As an exhibitor, you have the opportunity to showcase your products and services and plenty of time to network and create business opportunities.
To reserve your table, please complete the tabletop reservation form (www.texasmba.org/seminar) and return with payment to the TMBA office.
Program AdvertisingFull page 6.78 w x 8.25 h inches, $550 eachHalf page 6.5 x 4 inches, $300 eachBusiness card 2 x 3 1/2 inches, $175 each
*ads must be submitted with appropriate image size and resolution (300 dpi). Contact TMBA ([email protected]) before Oct 1 if you are interested in advertising in the program.
Sponsorship LevelsTMBA depends on the continued support of its sponsors to develop quality programming and networking opportunities for its members. To sign up as a sponsor please complete the Sponsorship form (www.texasmba.org/seminar) and return to the TMBA office by mail or fax to 512.480.8621.
GOLD SPONSORS - $4000+Free tabletop space in exhibit hallFree 1/2 page ad in the Seminar program2 complimentary registrations to the SeminarLogo & listing on Seminar website & other promotional piecesSignage and program listing at selected event
SILVER SPONSORS - $2500+Free business card ad in the Seminar program1 complimentary registration to the SeminarListing on Seminar website and other promotional piecesSignage and program listing at selected event
BRONZE SPONSORS - $1500+Listing on Seminar website and other promotional piecesSignage and program listing at selected event
TORCH SPONSORS - $1000+Listing on Seminar website and other promotional pieces
Golf SponsorshipsAs our golf tournament participation increases each year, so does your visibility to other mortgage banking professionals! Complete a sponsorship form to sign up.
TOPICSThe Elections are Over: NOW WHAT! Well known Houston Analysts share their thoughts and opinions on the National Election Results. Speakers: Jared Woodfill and Jeff Berg About your Exam. Are you in the Mortgage Business? Have you been deluged with opinions, speculation and what “might” happen reagrding compliance to Dodd - Frank and CFBP? Join us as Mr. Carley shares the information we have all been waiting to hear. Speaker: Jim Carley
From the Capitol. Mr. Platt will share his front row seat knowledge of the tangled web in Washington DC / Mr. Young, former CEO of National MBA on his perspective of our industry and its future challenges. Speakers: Larry Platt and Michael Young
The Economy: Before and After! Mr. Duncan continues to be recognized as one of the TOP Economists in the country. Grab a seat, be ready to take notes - it doesn’t get much better. Speaker: Doug Duncan
Agency Latest and Greatest. Why not get it straight from the experts on what we can expect from the agencies. Who better to share their knowledge than our outstanding agency representatives, Ms. McFarland and Deputy Administrator Brezina. Speakes: Susan McFarland and Mark Brezina
SCHEDULEMonday, November 12th 10:00 am Golf Tournament Registration - Greatwood Golf Club 11:00 am Golf Tee- off 12:00 – 5:30 pm Exhibitor Setup 2:00 – 6:00 pm Registration 5:00 – 6:00 pm FML & New Member Mixer 6:00 – 7:30 pm Opening Reception with Exhibitors Tuesday, November 13th 7:30 am Registration 8:00 – 9:00 am Breakfast with Exhibitors 9:00 – 10:00 am Welcome & Keynote 10:00 – 10:30 am Break with Exhibitors 10:30 – 12:00 pm Concurrent Session 12:00 – 2:00 pm Lunch & Keynote 2:15 – 4:00 pm Concurrent Sessions 4:00 – 5:00 pm Closing Reception with Exhibitors 5:00 – 6:00 pm Exhibitor Move-out *subject to change
