IMBA Advocates for YOU!
IMBA members, a pillar of IMBA's mission is to advocate for YOU. While we focus much of our attention on state legislation and regulation, we also represent your interests in Washington D.C. throughout the year, and specifically at the national MBA's annual Advocacy Conference. This year, unlike previous years, it was virtual, with MBA providing multiple sessions last Tuesday to prepare attendees for meetings with legislators on the following Wednesday.
Last Wednesday, myself, IMBA Legal Counsel and Lobbyist Tom Dinwiddie (Dinsmore & Shohl), IMBA Secretary/Treasurer Joel Scheer (Ruoff Mortgage), and our Executive Director Al Thorup, met with the following Congressional Representatives; Greg Pence, Jackie Walorski, Frank Myrvan, as well as the Senior Legislative Assistant for Representative Jim Banks, Tanner Spencer. Additionally, we met with Senator Mike Braun, and, Senator Todd Young's Legislative Aide, Burke Miller.
In these meetings we addressed multiple legislative bills and regulatory issues that included:
- House Resolution 2143, the Neighborhood Homes Investment Act that provides a tax credit to rehabilitate blighted homes and increase the supply of affordable housing (A companion bill in the Senate (98) was also discussed
- the Qualified Mortgage challenges the industry is dealing with today with regard to the finalized rule the CFPB approved in December of 2020, and the delay of the mandatory compliance date
- the great job our industry has done with regard to servicing issues during the pandemic in regard to forbearance management and taking care of homeowners
- the re-introduction of the Secure Notarization Act of 2021 to provide uniform standards across the country
At the end of the event, Tom Dinwiddie commented, “A great job by MBA to organize a remote conference during which we were able to spend quality time with six Indiana legislators and their staff”.
Joel Scheer added, "Although this was a new experience for me, I was thrilled to be part of a process that afforded myself and our fantastic IMBA team the opportunity to communicate directly with our state representatives advocating national legislative measures that support or industry and ultimately the borrowers for which we serve".
Al Thorup included, "We appreciate the opportunity MBA provides us to speak on behalf of our members, and these discussions, along with those in past years, gives our association the chance to both educate members of Congress, as well as share with them some of the concerns we have in serving the housing finance needs of Hoosiers across the state."
Finally, we were encouraged throughout the day to provide information and feedback to each of the legislators, as well as set up meetings with them both virtually and in-person when they are in Indiana. We will be following up with them in regard to this later this year.
Bryan Traylor, CMB, AMP
2020/2021 IMBA President