President's Message

March 23, 2021 1:14 PM | Mary Ann Gray (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

Oregon Mortgage Bankers Association

2705 E Burnside St STE 212

Portland, OR 97214

Phone: 503.223.6622

Email: info@oremba.org

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