Legislative

WMPA In the Media

Milwaukee, WI. President Sue Stankus was interviewed on a Milwaukee area Public Affairs radio show on Sunday, May 18th. The program aired on 1250 WSSP-AM, 103.7 KISS FM and 99.1 WMYX. Below is a recording of the interview.

Green Bay, WI. President-Elect Joe Theisen and WMPA Executive Director Patrick Essie participated in a Round Table Meeting hosted by Senator Dave Hansen on Thursday, May 22nd. The meeting of mortgage and housing experts was to have an open discussion of the foreclosure situation in Wisconsin.

Executive Director Patrick Essie, Senator Dave Hansen and President-Elect Joe Theisen in Green Bay

National Legislative Update

	FED - TILA Rule Changes -WAMB Letter to FED on TILA Rule Changes -Bullet Points for Broker Company Comment Letter
	Brokers No Longer Able to Select, Retain or Pay for Appraisers for Loans Purchased by GSE's -WAMB's announcement to members -Home Value Protection Agreement -Home Valuation Code of Conduct -CLICK here to submit comments to Fannie Mae -CLICK here to submit comments to Freddit Mac Please Note: Comment Period ends April 30th

WMPA Position Papers

- Mortgage Reform Position Paper
Payment Shock Disclosure White Paper

-FHA Reform Position Paper

-Trigger Lead Position Paper
FTC Consumer Alert on Trigger Leads

-RESPA Reform Position Paper
NAMB's Proposed Good Faith Estimate

Legislative Links

We have collected a number of important links to legislative sources on the World Wide Web that are of interest to mortgage brokers.

ACT 260: NEW LOAN ORIGINATOR EDUCATION LICENSING REQUIREMENTS, EFFECTIVE JULY 1st, 2005

CHAPTER 224, OF THE STATUTES, THE PRIMARY SITE FOR GOVERNANCE OF LOAN ORIGINATORS

The Department of Financial Institutions Guidance on Nontraditional Mortgage Product Risks (PDF)

Wisconsin Department of Financial Institutions

The Department of Financial Institutions was created in 1996 from the consolidation of six separate entities. It was Governor Thompson's vision to create a single streamlined department to regulate the financial services industry. The Department of Financial Institutions is the State Agency that regulates the Wisconsin mortgage industry.

On the web site you can:

Download Mortgage Banker, Mortgage Broker and Loan Originator License Applications.

Get answers to some of the most commonly asked licensing questions.

Get a list of all licensed Mortgage Bankers, Mortgage Brokers and Loan Originators in the State of Wisconsin.

Review statutes and rules that govern your industry.

Wisconsin State Legislature

U.S. Senate

U.S. House of Representatives

Wisconsin Congressional Delegation

Senator Herb Kohl (D- WI)
Senator Russell D. Feingold (D- WI)
Representative Paul Ryan (R - 01)
Representative Tammy Baldwin (D - 02)
Representative Ron Kind (D - 03)
Representative Gwen Moore (D - 04)
Representative F. James Sensenbrenner, Jr. (R - 05)
Representative Thomas E. Petri (R - 06)
Representative David R. Obey (D - 07)
Representative Steve Kagen (D - 08)