Call Us: 206.622.8425|Email:


Message from the President
As I drove home this evening from our 2019/2020 kick off dinner meeting reflecting on the plans, energy and excitement that was created, I must say I’m so proud to be a Mortgage Banker and have the ability to change people’s lives and be able to help them with the dream of home ownership.    I also feel very honored and blessed to be asked to serve this great organization not only last year as the 100th President of the Washington Mortgage Bankers Association, but to be asked to come back and serve again as President of this organization as we commence the next 100 years. Thank you for your vote of confidence in me and my abilities to lead this amazing organization that I hope reflects the voice of our members, community and industry.

As we change in to the Fall season, send kids back to school, and wind down 2019, we also are seeing a lot of very important mortgage topics in the press. The current administration addressed GSE Reform on the 2nd day in office.  Since that day we have seen the change of Executive Leadership in the every housing- related agency that effect the way we are able to lend money and help fulfill our customers dreams of Homeownership:

  • FHA
  • HUD
  • GNMA
  • CFPB
  • Freddie MAC
  • FHFA

At the recent Pacific NW Lenders conference we heard from MBA, Fannie Mae, Freddie Mac and many Executives from our industry.  Below are a few items that were shared as speculation of what’s ahead for our industry.

  • The QM Patch that implemented with Dodd Frank  expires in January of 2021; there is concern that it will expire without resolution.  Potential impact includes the possibility that 35% of all originations (per the National MBA) do not meet QM guidelines 43% ratio).  (Brian Stevens with the National Real Estate post shared 52%) of find.  The implication is that 30 % of loans we made since Dodd Frank/QM wouldn’t be made without  private equity investors entering the market to replace the GSEs.
  • Fannie Mae, Freddie Mac and GNMA all are in competition for the same buyers and FHA is being adversely selected for the low end buyers.
  • One of the solutions I heard is FHA will limited to first time homebuyer only (and can only be used once.  No 2nd and 3rd purchases.)
  • Fannie and Freddie would be limited to
    • 10% down payment
    • annie and Freddie may be only for Owner Occupied – This is only Speculation
    • Cashout and 2nd home and Non Owner may need to be picked up by Private equity marketplace

With all this said, it is so important to be involved!  I would like to start by saying thank you and recognizing all of you and to all of our members who voted with their two feet and showed up for last Tuesday’s Dinner meeting at Overlake.  We had a great evening kicking off our 101st year and a well-attended Loan Officer Panel; 4 amazing Loan Originators who shared their knowledge, wisdom, tips and tricks.   I think everyone in attendance walked away with at least two or three ideas they could implement in their own business. 

Special thank you to our 4 briliant loan officer panelists:   Stephanie Maulding, Michelle Bruto Da Costa, Daniel Mery, Carese Busby and our masterful moderator David Hatlen.  

Please take the time to REGISTER NOW for our exciting meeting in October.  After the huge success at last year’s Pacific NW Lenders conference day two – Women in Mortgage Leadership – we are very excited to present a phenomenal panel of Women in Leadership.   Register now because this event will sell out. 


15th of October, at Overlake Golf and Country Club:

Rose Marie David, EVP, Homebridge
Tamra Rieger, COO, Evergreen Home Loans
Andrina Valdes, COO, Cornerstone Home Loans
Kisha Weir, SVP, Movement Mortgage
Taryn Varady, Founder, Ignite Strategies

Moderated by Sharon Knowles, Account Manager, Arch MI

Thank you for partnering and supporting the Washington Mortgage Bankers.  I’m excited to see everyone next month.

Robert Lipston

Regional Director, Pacific Northwest


Back to Top