MBBA-NH President:

Doreen White, CMP
Market Street Settlement Group, LLC
70 Market Street
Manchester, NH  03101
(603) 624-1303


Last year (2009) brought sweeping changes to the mortgage finance industry. Loan originators who are employed by either a mortgage banker or mortgage broker are required to be licensed. MBBA-NH saw this mandate coming and quickly positioned itself to be able to support its members by offering the NMLS 20 Hour SAFE Pre-Licensing course.

Thank you to the Education/Programs Committee Chairperson Joe Moriarty and all of our volunteer instructors for making the course a success. Another thank you goes to all the160 loan originators who chose to support their association by attending our course, and a final thank you to New Hampshire Housing for providing the course location.

With regard to legislation affecting our industry, the legislative committee has experienced some recent success. Last summer they were able to keep the state legislature from adding a mortgage refinance tax, which was introduced to help fill the state’s budget gap. However, we were recently told by our lobbyist that this sort of tax may be brought up, again. Of course, we’ll be ready to take action, since our industry is already taxed enough, and why take a chance on a tax that may further prolong this lackluster real estate market we’re currently experiencing.

During the summer and into the fall, the association’s public relations committee developed a continuing education course on mortgage finance for Realtors. The course received an overwhelming response from the Realtors. Five sessions were offered at New Hampshire Housing (Thank You, New Hampshire Housing!), educating over 350 Realtors. The public relations committee will continue to develop Realtor courses to not only keep them current on mortgage finance issues, but also to further nurture our relationship with them.

Change is a constant in our industry, and your association will be there for you to ease the burden that change brings. Beginning in January and throughout the year, we will offer many opportunities for loan originators to fulfill their eight (8) continuing education credits. Realtor courses will continue to be developed by our public relations committee, and our very active legislative committee will have a laser focus on any impending legislation that will create a hardship in our industry.

Please remember that your association is made up of all of you. We continue to be strong but still need you to get involved. Have you ever thought about joining a committee, help develop a continuing education course, or teach a course? Do you want to meet all kinds of people in the mortgage finance industry in New Hampshire, learn how to work as a team, be part of successful brainstorming sessions, or give back to the local community like Liberty House? Your association provides a perfect opportunity for you to grow professionally as well as personally. Take the first step. Contact our Executive Director Meg Malette.