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About the IMBA
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The Illinois Mortgage Bankers Association (IMBA) is a state association representing the real estate finance industry, an industry that nationally employs people in virtually every community in the country. The IMBA has been serving the residential and commercial mortgage community for over eight decades, promoting fair and ethical lending practices and fostering professional excellence among its members through a wide range of educational programs.
IMBA's mission is to provide information, educational resources and effective advocacy to help its members be profitable, ethical and prepared for future challenges.
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MARK YOUR CALENDAR for these upcoming events!
BEST PRACTICES STRATEGIES TO MANAGE RISK
Underwriting, Compliance and Mortgage Fraud
October 2, 2008
Special Thanks
to our June 5, 2008 Golf Outing Sponsors:
Radian Guaranty, Inc.
Fifth Third Bank
Kunkel & Associates
Ticor Title Insurance
Appraisal Research Counselors
Mortgage Banking Insurance
The PrivateBank and Trust
JPMorgan Chase Home Mortgage
Stewart Title
RMIC
and to all our raffle prize contributors,
Thank You!
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Need to find out more about FHA Loans?
IMBA is your FHA Training Resource!
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Check out the following updates and workshops coming up that will train you and your staff and keep you up-to-date on FHA loans:
FHA Changes Update, July 15, 2008 9:00am - 12:00pm
FHA Processing & Underwriting Workshop - July 22, 23, 2008
FHA Processing & Underwriting Workshop - August 13-14, 2008
FHA DE Underwriter Workshop - July 24, 2008
On March 6, 2008, HUD and the Office of Federal Housing Enterprise Oversight released new maximum conforming loan limits for the Federal Housing Administration, Fannie Mae and Freddie Mac that will be in effect through year-end as a result of the Economic Stimulus Act of 2008.
OFHEO provided two sources showing the new loan limits. OFHEO’s Web site, www.ofheo.gov/media/hpi/AREA_LIST.pdf, reports only those counties and Metropolitan Statistical Areas (MSAs) that are affected by the new loan limits. Data for all areas are available at HUD’s Web site, https://entp.hud.gov/idapp/html/hicostlook.cfm.
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Mortgage News from Lipson, Neilson,
Cole, Seltzer & Garin, P.C.
Check out the Top Stories and the latest Economic News from the Mortgage Bankers Association that affect the mortgage industry.
Regulatory and Legislative Information:
SB1167, now known as PA-0691, is a new law affecting certain loans originated by Illinois Residential Mortgage Licensees in Cook County, Illinois that went into effect July 1, 2008. Click here for more detailed information on this new law and how to comply with it.
Click here for information on Loan Originator Registration in Illinois.
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Upcoming Meetings and Seminars
July, 2008
FHA Changes Update
July 15, 2008 9:00am - 12:00pm
2650 Warrenville Road, 1st Floor, Downers Grove, IL (Please note this new location)
Understanding & Reviewing Appraisals, plus Condo Appraisals
July 16, 2008 9:00am - 12:00pm
Burnham Center, 111 W. Washington St., Suite 1212, Chicago
FHA Processing & Underwriting Training - Sold Out/Next offering: July 28-29 and August 13-14th
July 22-23, 2008 9:00am - 4:30pm
1515 W. 22nd St., Suite 800, Oak Brook, IL
FHA Direct Endorsement Underwriting Training
July 24, 2008 9:00am - 4:30pm
1515 W. 22nd St., Suite 800, Oak Brook, IL
FHA Processing & Underwriting Training
July 28-29, 2008 9:00am - 4:30pm
111 W. Washington Street, Suite 1212, Chicago, IL
FHA Processing & Underwriting Training
August 13-14, 2008 9:00am - 4:30pm
1515 W. 22nd St., Suite 800, Oak Brook, IL
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