President's Message - March

April 01, 2021 8:00 AM | Mary Ann Gray (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



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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