The 2023 Membership Renewals are in the process of being emailed to you. Please check your mailboxes. Payments are due by

January 31, 2023.

If you are interested in advertising opportunities

as part of your membership, check out our

 2023 Annual Partnership Program 

RIMBA FRIENDS: MMBA sent out 2 very important emails this week and last regarding Massachusetts DOB Subprime Regulatory Bulletin. Since many of your do business in Massachusetts, we wanted to share their information with you.

Regulatory Bulletin 1.3-104 Counseling And Opt-In Requirements For Subprime Adjustable Rate Mortgage Loans Made To

First Time Home Loan Borrowers

Background:

Last week we provided information regarding Regulatory Bulletin 1.3-104 and updates regarding our request for revisions. As previously discussed, an inverted yield curve, rapidly rising interest rates, and status of 1-year Treasury-indexed ARM’s as no longer saleable to Fannie Mae and Freddie Mac caused many adjustable rate mortgages to meet the “subprime mortgage loan” definition in the Massachusetts’s Division of Bank’s Regulatory Bulletin 1.3-104

Read MMBA' s Revised info 11.23.22 - Regulatory Bulletin 1.3-104

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Read MMBA's info 11.18.22 - Regulatory Bulletin 1.3-104

RIMBA's Online Education AND NMLS CE OFFERINGS

RIMBA's Certified Mortgage Professional Designation (CMP)



RIMBA is pleased to offer our valued members the designation of Certified Mortgage Professional.

• The Real Estate industry has their "REALTORS®"
• The Accounting industry has their CPA designation
• The Financial Planning industry has the CFP designation 

Now the RI Mortgage industry has their CMP designation. RIMBA has created the Certified Mortgage Professional for mortgage professionals seeking to demonstrate their dedication to and knowledge of their profession.

Criteria & Application information