officers president’s message - tmba · on friday, december 31, after 41 years, larry temple will...

On Friday, December 31, after 41 years, Larry Temple will retire from the Texas Mortgage Bankers Association. While Larry will continue to practice law in Austin, this Texas Gentleman will no longer be a fixture in and around the Texas Capitol representing the best interests of our industry.

If you are reading this letter, it’s not hyperbole to say you may have your job, in part, because of Larry’s hard work. I hope you will take a moment this week and think of what Larry has done for the mortgage industry and thank him for what he has done for you. I also hope you will join me in welcoming John Fleming to our mortgage family. If anyone is capable of following Larry as our new General Counsel, it’s John Fleming. He is a man of great veracity and intellect. Like Larry has for the past 20 sessions, John has a tremendous grasp of the issues facing the mortgage industry next session. The Board has every confidence in John. His quick wit, good heart and work ethic will serve him well in what looks to be a very difficult legislative session. So, as 2010 ends, let us thank Larry, remember our blessings and welcome John on board. 2011 is going to be a great year. Happy New Year,Scott Norman2010.2011 TMBA President

Texas Mortgage Bankers Association 2010 November | December Vol XVIII Issue VI

President’s Message

Off icers PresidentW. Scott Norman, Austin

Vice PresidentDavid E. Frase, CMB, AMP, Dallas

Secretary/TreasurerTimothy Fisher, Houston

Associate RepresentativeThomas F. Vetters, II , Austin

Past PresidentJohn Watson, Houston

Past PresidentS. Van Stewart, San Antonio

Executive Vice PresidentLisa Vercher, Austin

General CounselJohn Fleming, Austin

DirectorsBarry R. Baker, CMB, N Richland HillsRosemary E. Barbour, DallasTommy Bastian, AddisonBlane L. Bauch, HoustonPeter Beanland, SouthlakeJudith A. Belanger, CMB, HoustonClifton A. Crabtree, HoustonCathy Gibb, HoustonKevin Gillespie, DallasDana Gompers, CMB, HoustonCharles E. Klein, WoodwayMarc N. Laird, HoustonMichael Lima, DallasRob Macioce, Sugar LandCalvin C. Mann, Jr., HoustonRobert D. O’Reilly, AustinMark A. Raskin, DallasTom Rhodes, AustinRon Rogers, LubbockTodd Salmans, DallasSusan T. Stewart, San AntonioThomas Tallent, Fort WorthScott R. Valby, HoustonBilly F. Vaughn, DallasThomas F. Vetters, II, AustinRobert H. Wagnon, HoustonLance P. Welch, BoerneRob G. Wiggins, HoustonIan Wright, AMP, Dallas

www.texasmba.org t www.texasmortgagel icensing.org

holiday wishesA special thanks to all members for their continuing support of TMBA. Have a safe and enjoyable holiday season. The best to you and your family.

from the TMBA Officers, Directors, and Staff.

www.texasmba.org t www.texasmortgagel icensing.org2

TMBA Mortgage Roundup 2010 November | December Vol XVIII Issue VI

Serving all of Texas from Dallas and San Antonio for more than 30 years.


2010 November | December Vol XVIII Issue VI TMBA Mortgage Roundup

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Upcoming TMBA Meetings & Conferences

Winter Board MeetingFebruary 7 & 8, 2011The Woodlands Waterway MarriottThe Woodlands, Texas

Southern Secondary Market ConferenceFebruary 8 & 9, 2011The Woodlands Waterway MarriottThe Woodlands, Texas

Senior Executive Officers & Managers Conference (SEO)March 6 - 8, 2011The Driskill Austin, Texas

Educational WorkshopApril 12, 2011Crowne Plaza Dallas Addison, Texas

95th Annual ConventionMay 22 - 25, 2011Hyatt Regency Lost Pines ResortLost Pines, Texas

Southern States Servicing ConferenceSeptember 27 & 28, 2011Gaylord Texan Grapevine, Texas

TMBA STAFF

EXECUTIVE VICE PRESIDENTLisa [email protected]

MEMBERSHIP & MEETING COORDINATORShannon [email protected]

COMMUNICATIONS SPECIALISTJamie [email protected]

CONTENTSMissionUpcoming eventsStaffIndustry eventsTMBPAC | The Race Is Back On!Pinnacle Award Recipients

FEATURES030303040404

DEPARTMENTS04040507

New MembersIndustry EventsSouthern Secondary Market ConferenceSEO

MISSION

ADS02 Polunsky & Beitel LLP

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.

leading Texas real estate finance industry since 1917.Serving all of Texas from Dallas and San Antonio for more than 30 years.

http://www.texasmba.org

http://www.texasmba.org/licensing.asp

http://www.texasmba.org/secondary/default.asp

http://www.texasmba.org/secondary/default.asp

http://www.texasmba.org/seo/

http://www.texasmba.org/seo/



CourthouseDirect.comBrian TrettelMarian ConesPaul Cones

Community Bank Jana Haynes

Brazos National BankMark CiolfiMatthew Martin

The Bank dba Texas Banc MortgageRobert HavranLisa LockwoodSherry HallKay Shelley

Upcoming Industry Meetings & Conferences

Dallas MBASpecial Event LuncheonDecember 2, 2010 | 11:30 amPrestonwood Country Club www.dallasmortgagebankers.com

Fort Worth MBAAnnual Holiday LuncheonDecember 3, 2010 | 11:30 amThe Ridglea Country Clubwww.fortworthmba.org

Austin MBAAnnual Holiday Party December 7, 2010 | 6:30 pmMaggiano’s Little Italy @ The Domainwww.austinmba.org

CONGRATULATIONS TO:First Continental Mortgage Company

the #1 Mortgage CompanyThe race results were announced at the 60th Annual Educational Seminar held in November in Houston, Texas.

A new race starts today and will end the week before the Southern Secondary Market Conference on February 8 & 9, 2011 at the Marriott Woodlands Waterway Hotel and Convention Center.

The leader of the PAC Race will receive the prestigious “#1 Mortgage Company” award based on the highest employee contributions total donated to the TMBPAC from now until February 1, 2011.

Be sure to check the TMBA website and look for the updates as to who is leading the PAC race.

For Immediate Distribution November 19, 2010 News Release

TMBA Honors Outstanding Member Companies

AUSTIN, TX – (November 19, 2010) – AUSTIN, TEXAS -- Texas Mortgage Bankers Association honors TMBA member companies whose employees have contributed substantially to the association over the past year in leadership, volunteerism, program participation & support, and support of the political action committee. TMBA member companies who received the 2010 Pinnacle Award were: Barrett Daffin Frappier Turner & Engel, Black, Mann & Graham, LLP, Colonial National Mortgage, Cornerstone Mortgage Company, Fannie Mae, MSI, PrimeLending, Sente Mortgage, SWBC Mortgage Corporation and Wells Fargo Home Mortgage.

To acknowledge their support of the association and the mortgage banking and real estate finance, company representatives were recognized during the TMBA 60th Annual Educational Seminar & Marketplace in Houston at the Hilton Houston Post Oak.

The Texas Mortgage Bankers Association is committed to being an informative, 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. For more information, please contact the TMBA office at 512.480.8622 or visit our website at www.texasmba.org or www.texasmortgagelicensing.org.

newTMBAMEMBERS

Best Execution

http://www.dallasmortgagebankers.com





http://www.fortworthmba.org

http://www.austinmba.org







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TOPICSSCHEDULE

visit www.texasmba.org/secondary

Bankruptcy and ReceivershipLearn the risks from a seller and investor perspective when your buyer or seller files bankruptcy or is placed in receivership.

Dealer PanelWill today’s products and structures stand the test of time or will they change? Our experts will offer their insights along with an economic forecast.

Managing Your AuditIs there an audit in your future? What is being audited today? Learn how to be prepared for the new era.

How are investors evaluating their sellers? The panel identifies key metrics used to manage account relationships.

SPONSORSAssurance Financial Group, LLCCalyx SoftwareCitiMortgage, Inc.Cornerstone Mortgage CompanyEssent GuarantyFranklin American Mortgage CompanyGregg & Valby, L.L.P.McGlinchey Stafford and Youngblood & Associates, LLPMortgage Builder Software, Inc.Mortgage MachineNationstar MortgageOptimal BlueOutsource Solutions LLCPCV MurcorPrimeLending

Schmidt Mortgage Company LLCSente MortgageSigniaDocsSouthwest Securities, FSBStewart Lender ServicesTexas Capital Bank, N.A.

as of 12/20/10

Tues 02.08.11 1:00 pm Registration 2:00 – 3:15 pm Bankruptcy and Receivership R. Glen Ayers - Langley & Banack, Inc. William Stutts - Baker Botts LLP Joe Cioffi - David & Gilbert 3:30 – 5:00 pm Dealer Panel Paul Jacobs - Fixed Income Strategy Renee Schultz – Fannie Mae Rod Damon – Bank of Oklahoma 5:00 – 6:00 pm Reception Dinner - on your own*

Weds 02.09.11 8:00 – 8:50 am Registration & Continental Breakfast 8:50 – 9:00 am Welcome 9:00 – 10:00 am Keynote Jennifer Bridwell PIMCO | Mortgage Product Manager 10:00 – 11:00 am Best Execution 11:30 – 1:00 pm Lunch & Keynote: Future of Secondary Marketing Tom Millon, CFA, CMB Capital Markets Cooperative 1:30 – 2:45 pm Managing Your Audit Merle Sharick – LexisNexis Andrew J. Schell, CMB, CPA - Mortgage Banking Solutions Ken Richey – Richey May Corkie Watts - Garrett, Watts & Co 2:45 – 4:00 pm How Are Investors Evaluating Their Sellers? 4:00 – 5:00 pm Refreshments & Meeting with Clients

*subject to change

Best ExecutionTo Retain or Not to Retain (That is the Question). A qualitative and quantitative approach to the servicing conundrum. The decision on whether to retain or release the servicing comes down to financial motivation and risk.





mail registration form to TMBA, 823 Congress Ave, Ste 220, Austin, Texas 78701or fax registration form to 512.480.8621

register online www.texasmba.org/secondary

Attendee Information

Please copy and use one registration form per attendee.

first name last name middle initial

company title

mailing address

city state zip email

phone fax Are you a first time attendee? o Yes o No

TMBA | Southern Secondary Market ConferenceFebruary 8 & 9, 2011 | Marriott Woodlands Waterway | The Woodlands, TX

Registration FeesPlease use one registration form per attendee by Jan 7th after Jan 7th o member $249 $299 o non-member $374 $424

Payment

CC number expiration date

card holder first name last name signature

billing address (if different from above)

city state zip Total amount paid:

o Check enclosed (payable to TMBA) o AMEX o MC o Visa Total amount due:

Texas Mortgage Bankers Association | 823 Congress Ave, Ste 220, Austin, Texas 78701 | 512.480.8622 p | 512.480.8621 f

Registration Form

Meeting Location | Hotel Staying at the Marriott Woodlands Waterway Hotel and Convention Center puts you in the center of The Woodlands, TX. This in-cludes easy access to entertainment venues, retail shops, upscale restaurants, and Houston, Texas. We are a state of the art hotel offering a distinct setting for your next visit or meeting.

Call 800.228.9290 for room reservations. $189.00 single/double | make your reservations by January 7th

Do you have any special needs addressed by the American Disabilities Act? o Yes o No – if yes, please attach a statement regarding any particular needs you may have and someone from our office will contact you.

Where did you hear about the Conference? o TMBA website o TMBA Newsletter o Email Blast o Trade Magazine Ad o Other :

source: website



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New Dept of Labor compensation rules: The Real Risks of Non-compliance

- Minimum Wage- Inside vs. Outside Sales- Overtime Rules

Update on Regulatory issues impacting all Mortgage Lenders- Loan Officer comp regulations to be written - HUD and Ginnie net worth requirements - Risk retention status - State licensing updates

A Time to Grow – Planning for sustainable growthDeveloping a Business Vision for Long Term Business SuccessMortgage Loan Servicing: Is it an Asset or Not?

Mortgage servicing rights are under attack. MSR’s are already classified as a Level 3 asset (illiquid). Receivers (FDIC and NCUA) are repudiating servicing contracts in their normal course of disposing of the assets of insolvent financial institutions - ignoring the remaining value that servicers have on their books... Basel 3 (worldwide accounting standards) conferees are proposing to reduce the amount of capital devoted to MSR’s to a maximum of 10%. All these actions have already and will continue to negatively affect the value of servicing. Whether a Lender retains or sells servicing, these actions will affect profitability.

Loan Officer CompensationPurpose Driven Organizations

*tentative topics - subject to change

TOPICS

sunday March 6 6:30 pm Reception

monday March 7 8:30 am Continental Breakfast 9:00 am Welcome & Opening Remarks 9:15 am Session 10:15 am Refreshment Break 10:30 am Session 12:00 pm Lunch & Keynote 1:30 pm Session 2:30 pm Refreshment Break 2:45 pm Session 3:45 pm Session 5:00 pm Reception with Legislators

tuesday March 8 8:30 am Continental Breakfast 9:00 am Legislative Orientation 10:00 am Capitol Visits *subject to change

SCHEDULE

visit www.texasmba.org/seo for updates.





Do you have any special needs addressed by the American Disabilities Act? o Yes o No – if yes, please attach a statement regarding any particular needs you may have and someone from our office will contact you.

Where did you hear about the SEO Conference? o TMBA website o TMBA Newsletter o Email Blast o Trade Magazine Ad o Other :

Attendee Information

first name last name middle initial

company title

mailing address

city state zip email

phone fax Are you a first time attendee? o Yes o No

TMBA | Senior Executive Officers & Managers ConferenceMarch 6 - 8, 2011 | The Driskill | Austin, Texas

Registration FeesPlease use one registration form per attendee o member $245 o non-member $370

Paymento Check enclosed (payable to TMBA) o AMEX o MC o Visa Total amount due:

CC number expiration date

card holder first name last name signature

Total amount paid:

mail registration form to TMBA, 823 Congress Ave, Ste 220, Austin, Texas 78701or fax registration form to 512.480.8621

www.texasmba.org/seo

Texas Mortgage Bankers Association | 823 Congress Ave, Ste 220, Austin, Texas 78701 | 512.480.8622 p | 512.480.8621 f

Registration Form

officers president’s message - tmba · on friday, december 31, after 41 years, larry temple will...

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