Current News

  • July 06, 2021 8:00 AM | OMBA Admin (Administrator)


    PRESIDENT'S MESSAGE

     

     

     


    June 2021

    As I pen my message to you, both my pen and the ink are melting in the 115-degree heat.   Some of us love Phoenix, AZ heat; some of us do not!

    The long 2021 Oregon legislative session adjourned Sine Die on Saturday evening.  In the coming days we will provide a recap of the industry issues we followed on your behalf.  Thank you to Jolin Warren of Umpqua Bank and her legislative committee for their detailed analysis, robust debate, and frequent testimony to share our positions with our elected officials.  If you are interested in getting involved in this committee, please reach out to Jolin for details jolinwarren@umpquabank.com

    Last week Sandra L Thompson was appointed as Acting Director of the CFPB.  Read MBA president and CEO Bob Broeksmit’s statement  here.

    Please welcome our newest member Change Mortgage with three locations in the Portland Metropolitan area.

    Thank you to all our renewing members.  Your support is appreciated and essential to the organization's work.  If you haven't had a chance to renew for 2021, please contact our membership chair Mikal Mele with Fairway Independent mikal@fairwaymc.com, who will be happy to assist you.   

    On June 24 we held our first in person event at Avidity Winery in Newberg.  The laughter, networking, delicious food prepared by The Platter Girl and the wonderful wine seemed like a dream.  Check out the website for photos that capture the essence of the event.   Thank you to Cortney Hall of Essent Guarantee and her committee for their efforts to make this dream a reality.

    Education and connection are essential benefits of your OMBA membership.  I hope you can join us for these much-anticipated events:

    August 4th – annual golf tournament.  Registration opened on June 1, 2021. We have one remaining sponsorship opportunity: the famous drink cart.  Please contact Jason Spohn, Jason.Spohn@unionbank.com for more information. 

     

    As we enter the post-COVID world, some of these events may be in person.  Stay tuned for more details.

    • September 9th – Cyber Security presented by Krista Christensen
    • September 15th – our first Vancouver in person event featuring Tracy Doroit of the BIA
    • October 13th – our joint NAIOP and OMBA commercial event
    • November (TBD) – member Robert Sabido talks with us about the Do Not Call regulations

     

    Thank you to our annual sponsors.  Your support enables robust advocacy, education, and connection for all our members.  If you'd like to learn about the annual sponsorship opportunities, please reach out to me directly.  I'd love to tell you more!

     

    Warmly,

    Susan Brown, CMB, AMP
    Umpqua Bank
    Senior Vice President, Construction Loan Production Director, nmls # 471817 President, Oregon Mortgage Bankers Association 503-799-3745

    Register for Upcoming Events

     

    Thank you to our Platinum Level Annual Sponsor:

    Thank you to our Gold Level Annual sponsors:

  • June 02, 2021 10:21 AM | OMBA Admin (Administrator)

    PRESIDENT'S MESSAGE

     

     

    May 2021

    As I pen my message to you, the housing supply continues to prove challenging.  There are multiple offers on the sparse new listings, and new construction is more than robust.  In Madras and La Pine, 1,000 and 1,500 new homes are under construction, respectively.  As a representative from Parr Lumber put it, "I haven't seen anything like this in my 32 years in the business".   

    Your OMBA was represented at the MBA’s National Advocacy conference during May.  Jolin Warren, chair of the legislative committee, and I met with five elected officials to discuss affordable housing, lumber prices, Remote Online Notarization, and down payment assistance programs, GSE reform and more.  Next year’s event is scheduled for April 26 and 27 in Washington, DC.  Your involvement and advocacy matters.  2022 MBA Advocacy Conference.  

    The Oregon Legislature recently passed HB 2009, extending the residential foreclosure moratorium until the end of the year.  It's just waiting for the governor's signature.  HB 2578, the bill that limits mortgage interest deduction, has had no movement since March 11.  Given the optimistic budget projections, this bill may continue to languish.  We will keep you posted.

    The governor signed SB 458,  which allows land division to separate dwelling units for new middle housing allowed in cities.  It applies to divisions permitted on or after July 1, 2022. It prohibits homeowners’ associations or restrictive covenants from forbidding partition. It delays applicability of limits on private middle housing restrictions.  This bill was supported by the OMBA.

    The budget forecast is amazingly positive.  The latest forecast is $1 billion higher than the projection from March.  When the estimates exceed the initial projects by 2% or more, Oregonians enjoy a kicker refund for everything over the 2% threshold.  The checks will be in the mail next year.

    Please join me in welcoming Gateway Correspondent and Gateway Mortgage, both divisions of Gateway First Bank, as our newest members.  Thank you to all our renewing members.  Your support is appreciated and essential to the organization's work.  If you haven't had a chance to renew for 2021, please contact our membership chair Mikal Mele with Fairway Independent mikal@fairwaymc.com, who will be happy to assist you.   

    The Top Producing Realtor® Panel, sponsored by Directors Mortgage, was a smashing success with over 80 registrants.  If you registered but could not attend, you should receive an email with a link to the recorded presentation.  It is also available on the website here.  Cortney Hall of Essent Guarantee and her residential committee are planning additional education opportunities this fall.  Keep an eye out for more details as they become available.

    Connecting with our colleagues is an essential benefit of membership.  I hope you can join us for these much anticipated, in-person events:

    June 24- You can register here for our first in-person event at Avidity Wines.  Attendance is limited because of COVID restrictions, so register early if you wish to attend.

    August 4th – annual golf tournament.  Registration opens on June 1, 2021.

    Thank you to our annual sponsors.  Your support enables robust advocacy, education, and connection for all our members.  If you'd like to learn about the annual sponsorship opportunities, please reach out to me directly.  I'd love to tell you more!


    Warmly,

    Susan Brown, CMB, AMP
    Umpqua Bank
    Senior Vice President, Construction Loan Production Director, nmls # 471817 President, Oregon Mortgage Bankers Association 503-799-3745

    Register for Upcoming Events

     

    Platinum Level Annual Sponsor

    Gold Level Annual Sponsors:




  • April 26, 2021 7:48 AM | OMBA Admin (Administrator)

    PRESIDENT'S MESSAGE

     

     

    April 2021

    As I pen my message to you, new homes sales surged 20.7% in March, the highest level since August 2006, according to Yahoo Finance.  During the same period, existing home sales dropped to a seven-month low.  Inventory of homes for sale is shockingly low in most of our markets.  The challenge ahead is to shift from a refinance to purchase market in a space where many prospective buyers are competing for a limited supply of homes.  Are you changing your business practices to adapt?

    Many of our member companies are working under the Temporary Work from Home Bulletin.  This fall a rules advisory committee will convene to evaluate the current guidelines and establish protocols for permanent remote work rules and your OMBA will be at the table for that conversation.  Please contact me directly if you have an interest in participating in the process.

    It is likely we will need your participation, soon, to share our comments on a couple of bills under consideration this legislative session.  If you aren't a current member of the Mortgage Action Alliance (MAA) please register right away.  It’s free to join and we’ll need your voice in the conversation.

    I would like to welcome Stewart Title as our newest member.  Thank you to all our renewing members.  Your support is appreciated and essential to the organization’s work.  If you haven't had a chance to renew for 2021, please contact our membership chair Mikal Mele with Fairway Independent mikal@fairwaymc.com who will be happy to assist you. 

    The Bronwyn Morrissey event on April 15th, Sponsored by Essent Guarantee, was a success.  We were reminded of the importance of shifting our mindset as we move from a refinance to purchase environment.  Thank you to Essent Guarantee who made that event possible.

    Our next events will be equally as compelling. You can register here.

    • April 29th- Elliot Eisenburg Economist - sponsored by American Pacific Mortgage
    • May 19th - Realtor® panel featuring top producers in our market
    • June – Keep your eyes open for exciting news about a face to face event!
    • August 4th – annual golf tournament.  Registration opens June 1, 2021. 

     

    Thank you to First Choice Appraisal Management, our first Platinum Level Annual Sponsor.  We are so grateful for their generous support of our organization.  If you’d like to learn about the annual sponsorship opportunities, please reach out to me directly.  I’d love to tell you more!

     

     

    Warmly,

    Susan Brown, CMB, AMP
    Umpqua Bank
    Senior Vice President, Construction Loan Production Director, nmls # 471817 President, Oregon Mortgage Bankers Association 503-799-3745

    Register for Upcoming Events

     

    Thank you to our Gold Level Annual sponsors:

     

    Oregon Mortgage Bankers Association | www.oremba.org

     


     

  • April 01, 2021 8:00 AM | OMBA Admin (Administrator)

    PRESIDENT'S MESSAGE

     

     

     

     

    March 2021

    As I pen my message to you, The NCAA is almost down to the final four and the number of people receiving their vaccines is growing.  I got my first dose just a few days ago.  Face to face meetings here we come.

    The legislative committee has two bills front and center.  HB 2009 establishes temporary limitations on lenders' remedies for borrowers' failures to make payments on obligations secured by mortgages, trust deeds or land sale contracts for certain real property. On March 3rd, David Shirk of Shirk Law testified in opposition to this bill.  HB 2578  disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence, unless taxpayer sells residence or actively markets residence for sale.  I testified in opposition on March 11th.

    If you aren't a current member of the Mortgage Action Alliance (MAA) please register right away.  It’s free to join and we’ll need your voice in the conversation soon.

    In 2019, the Oregon Legislature passed House Bill 2003, supported by OMBA, to provide the necessary steps toward helping our state reach its housing supply needs as envisioned by our land use system, while providing local jurisdictions the resources they need to accommodate future growth. The Regional Housing Needs Analysis was issued March 1, 2020 as required.

    Thank you to all our renewing members.  Your support is appreciated and essential to the organization’s work.  If you haven't had a chance to renew for 2021, please contact our membership chair Mikal Mele with Fairway Independent mikal@fairwaymc.com who will be happy to assist you. 

    Planning for the much-anticipated annual golf tournament, scheduled for August 4th, is well underway.  Stay tuned for information about sponsorship opportunities and registration.

    The Residential committee has scheduled three fantastic education events. You can register here.

    • April 15 - Bronwyn Morrissey – April 15th 12:00-1:00 - Sponsored by Essent Guarantee
    • April 29th- Elliot Eisenburg Economist - sponsored by American Pacific Mortgage
    • May 19th - Realtor ® panel  featuring top producers in our market

    Thank you to American Reporting Company, our newest Gold Level sponsor.  If you’d like to learn about the annual sponsorship opportunities, please reach out to me directly.  I’d love to tell you more!

     

     

    Warmly,

    Susan Brown, CMB, AMP
    Umpqua Bank
    Senior Vice President, Construction Loan Production Director, nmls # 471817 President, Oregon Mortgage Bankers Association 503-799-3745



  • March 23, 2021 1:14 PM | OMBA Admin (Administrator)

    PRESIDENT'S MESSAGE

    As I pen my first message to you, the 10-year treasury bond broke 1.5% for the first time in a year. Are we returning to a “normal” market?

    In 1954 the OMBA was formed "To actively stay involved with industry-related legislative matters and assist legislators in understanding the needs and problems confronting the real estate finance industry today." That simple mission, now expanded to include education and connection, guides the work of the volunteers who serve for and are members of the OMBA. Your newly elected board and the committee chairs are working hard to fulfil this mission.

    The 2021 Legislative session is well underway. We are watching several important housing related bills this session including the elimination of the Mortgage Interest Deduction bill HB2838 (state.or.us) and HB2578 (state.or.us) and the anti-foreclosure legislation HB2009 (state.or.us). We expect hearings to start on this one the first week of March. You can follow the committee’s work here.

    We had great registration numbers for our February 17th presentation The New QM Rule is Good News, presented by Jillayne Schlicke, CEO of CE Forward, Inc. If you were unable to attend, please reach out for a copy of the presentation. Mark your calendars now for our April 15th Webinar from noon-1:00. You won’t want to miss Bronwyn Morrissey’s essential class called “Thinking Above the Line” how do we approach challenges to be more productive?

    The board voted in February to enter an alliance with NAMMBA which is a national trade association dedicated to the enrichment and betterment of minorities and women who work in the mortgage industry at the local, state, and national level. We look forward to our collective work to broaden our workforce, over time.

    Please join me in welcoming our newest members. We are a stronger organization with their voices in the conversation!


    I will close by expressing my gratitude to AmeriHome, our newest Gold Level sponsor. If you’d like to learn about the annual sponsorship opportunities, please reach out to me directly. I’d love to tell you more!

    Warmly,

    Susan Brown, CMB, AMP
    Umpqua Bank
    Senior Vice President, Construction Loan Production Director, nmls # 471817 President, Oregon Mortgage Bankers Association 503-799-3745
  • September 03, 2020 7:43 AM | OMBA Admin (Administrator)

    Distinguished Colleagues of the Oregon Mortgage Bankers Association, it is with a heavy heart that we announce the death of Tom Hendrickson Tuesday afternoon following a three year battle with cancer.    Tom was an effective advocate in state and local mortgage banking and an influential proponent of our industry in Washington, DC.   In celebration of the 40th anniversary of our tri-state conference, Tom was a keynote historian speaker at the 2017 Pacific Northwest Mortgage Lenders Conference in Skamania and shared many stories of that conference through the years.   

     

    As a mortgage banker for 45 years, Thomas R. Hendrickson holds the distinguished honor to serve as president of the Oregon Mortgage Association (affiliated with the National Association of Mortgage Professionals), and the Oregon Mortgage Bankers Association (affiliated with the Mortgage Bankers Association of America/MBA). He served on MBA 's National Board of Governors. He was the only active residential loan originator in Oregon to hold mortgage lending 's highest professional designation: Master Certified Mortgage Banker and was also the only Oregonian ever to receive MBA 's highest honor, the Distinguished Service Award, granted to just one person each year, nationwide.

     

    Tom joined Associated Mortgage Brokers in 2001 as Executive Vice President and a stockholder. Before that, he spent fifteen years as Executive Vice President and co-owner of Portland Mortgage Company. An Oregon resident since 1978, Tom held a Bachelor's degree from the University of Washington, where he served as President of the Associated Men Students, and a Masters degree from Seattle University.  Very active in our community, he has served on the boards of non-profit groups, including The Rotary Club of Portland, the Oregon Ballet Theater, Boys and Girls Aid Society, AHA International, the Eastmoreland Neighborhood Association, and the Sellwood Harbor Homeowners Association. Tom is a Vietnam veteran. He enjoyed fishing, traveling, spending time with his family, and helping his clients find the best mortgage loan to meet their needs.

     

    Tom's widespread influence was evident during our annual advocacy conference in Washington, DC, when Oregon Representative Earl Blumenhour specifically asked about Tom Hendrickson and how he was so well known and engaged, even in DC.  He was an active promoter of the Certified Mortgage Banker program and assisted many as a sponsor or test proctor. Tom's love of this industry was evident in his willingness to offer advice and counsel to our current president, Tammy Golden, who says "his support of myself, this organization, and our industry will forever be remembered fondly by us all”.    Godspeed, Tom Hendrickson.  

  • April 23, 2020 6:29 AM | OMBA Admin (Administrator)

    The Oregon Division of Financial Regulation has published the following:

    Bulletin No. DFR 2020-6 (Revised): Temporary Authorization for DFR Licensees to Work from Home While Transacting Business

    Purpose

    This revised bulletin changes the effective date from until April 30, 2020 to until revoked.

    To read this and other bulletins and get more information, please visit the Division of Financial Regulation's Bulletins page at:

    https://dfr.oregon.gov/laws-rules/Documents/Bulletins/bulletin2020-06-Rev.pdf

  • April 23, 2020 6:28 AM | OMBA Admin (Administrator)

    From our lobbyist Matt Markee: I was on a webinar with the Governor’s staff today as they walked us through their current plan to reopen the economy here in Oregon, below is an outline of today’s discussion.  Also for those of you that didn’t know the Emergency Board is meeting April 23rd to allocate about $30 million in state funds that the Federal money Oregon is receiving doesn’t cover.  This link will show you where that money is being spent (anyone wanting more detail on any of these areas just let me know):  https://www.oregonlegislature.gov/kotek/Documents/April%202020%20Emergency%20Board%20Release.pdf

     

    Overview

    • The current guidelines/framework will continue to develop and get more details over the next 14 days
    • Timeline – we can't control the timeline, that will be up to how the virus progresses, and until there is immunity (either a vaccine or there is enough people that have been effectively exposed to make a difference), things in the workplace or social events won’t be normal
    • The Goal remains to keep the curve flat so we don't overwhelm our hospital system.  If we move to quickly, it won’t take much to overwhelm our system
    • Oregon’s framework tries to match the Federal Governments guidelines, but will have some tweaks as needed with unique scenarios for Oregon.

     

    What needs to happen to start into Phase 1

    • Need a downward trajectory of symptoms (both flu and COVID) reported within 14 days 
    • Numbers of positive cases, as a percentage of total tests, need to be going down for 14 days.  As we test more people we can’t just look at the total number of case but rather a percentage.
    • Need robust testing for healthcare workers, both antibody and to see if they have virus
    • As we get testing on track we also need to do strong contact testing for all positive cases to see where the outbreaks are happening so we can respond appropriately. 
      • This will structure will allow us to drive the number as low as we can before starting to reopen things up and as people test positive we can control the spread as quickly as possible to keep overall numbers low.
    • Need both ICU capacity and PPE numbers to adequately handle scenarios

     

    Overall Plans for workplaces

    • Need to protect workers in critical industry
    • Protect all employees travel to and from workplace and users of mass transit
    • Workplaces will need social distancing

     

    Phase 1 of reopening

    • Once items above are met then we can enter phase one
    • Individuals will need to practice
      • Hygiene,
      • likely face coverings in public (still discussing how and when)
      • stay home if sick
    • Employers
      • need to implement appropriate policies
      • social distancing
      • sanitation
      • possible temp checks
      • other 
    • All vulnerable individuals continue shelter in place (seniors, preexisting conditions)
    • Social distancing practiced 
    • No Gathering of over 10 people
    • minimize non-essential travel for employees
    • Telework should be used if at all possible
    • Open vs closed
      • Schools - closed
      • Hospital and senior living - closed
      • Large venues - likely closed, some discussion about if social distancing can acheived
      • Sit-down dining - workgroup meeting to see if we can open some in phase one
      • Gyms - in Oregon likely closed
      • Bars - Workgroup to see if this can open in phase one
      • nonemergency medical - currently under review how to get this back up and going
      • Personal services (hair, nail, tattoo, etc) - workgroup on how to open in phase one
    • All of this could be done geographically at different times - possible county by county, still being discussed but looking to put a process for counties to demonstrate how they can do all required items

     

    Phase 2

    • Need to see how phase one goes for at least 14 days before entering into next phase
    • Gathering up to 50
    • schools and gyms likely reopen with social distancing
    • non-essential travel allowed

     

    Phase 3

    • Mass gathering increase
    • start to get closer to normal for bars and restaurants

     

    Governor office meeting with many stakeholder groups to talk through current plans in the following areas

    • Food Service
    • Retail
    • Personal Services
    • Childcare
    • Transit 
    • Outdoor recreation

     

    Next steps

    • Week of May 4th finalize all details including guidelines for county guidelines for operational and geographical plans​
    • Continue talking with California and Washington, not to do things exactly the same but so we know what each is doing.  Also potentially learn from one another

     

    Additional Notes

    • For those businesses that weren't shut down, things in phase one look very similar to what you are doing now.
    • Important to remember if we open to quickly we could have to move backwards, but the goal is to watch data closely to make sure that doesn't happen
  • April 13, 2020 3:30 PM | OMBA Admin (Administrator)

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    The Forbearance Challenge Explained

    A great video to share with your clients and all referral partners.

     

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    Watch this video on Facebook or view it on our website

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    Ensure that you stay relevant, in demand and competitive in an evolving industry. Subscribe to receive our weekly fun, short and informative videos.


     

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  • May 17, 2018 1:20 PM | OMBA Admin (Administrator)
    Last night's Commercial event was a huge success.  See the Event Photos

Oregon Mortgage Bankers Association

147 SE 102nd Ave.

Portland, OR 97216

Phone: 503.223.6622

Email: info@oremba.org

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