Governor McKee opened in remembrance of the victims of the Brown shooting. “Every decision we make reaches one place – homes where RI families come together.” Families are questioning what the future holds. “Here’s what I know – RIers always have each other’s backs.” Together we are building a future worth fighting for. We will keep fighting for the future Riers deserve. We will fight back against Trump policies to protect the most vulnerable and protect our … [Read more...]
POLITICAL SCENE
CHALLENGES AHEAD Federal cuts, election politics loom over 2026 RI legislative session Katherine Gregg and Patrick Anderson Providence Journal I USA TODAY NETWORK What is the likelihood of a tax increase for Rhode Island’s highest earners – and possibly others – during the new legislative session that begins on Tuesday, Jan. 6? ●The official answer from legislative leaders: “Everything is on the table.” ● But unlike other years, the chances appear better in … [Read more...]
Q1 2026 Grace Period for NMLS Mortgage Call Report Form Version 7 Filing
Dear RIMBA Members: (December 19, 2025) - At the suggestion of MBA, RIMBA contacted the Banking Division of the RI Department of Business Regulation, to request a grace period regarding first quarter filings for the NMLS Mortgage Call Report Form Version 7 (see attached email). … [Read more...]
MAA UPDATE: HFSC Passes Bipartisan Housing Package, NFIP Extension Bill 12/18/25
WASHINGTON, D.C. (December 18, 2025) - MBA’s President and CEO Bob Broeksmit, CMB, released the following statement after the House Financial Services Committee (HFSC) passed a slightly amended version of H.R. 6644, the Housing for the 21st Century Act, by a vote of 50 to 1. Why it matters: … [Read more...]
(10/21/25) Breaking News! RIMBA Has a Seat at the Table!
Governor McKee submitted legislation in the last session of the General Assembly to create an Advisory Council on Housing and Homelessness, and it was enacted by them. The goal of this Council is to advise the Executive Office of Housing on its policies and programs. The Council will be comprised of 20 individuals who represent expertise and interests outside of government that relate to housing issues. These individuals will serve for three years and are term limited to two consecutive … [Read more...]
Remembering RIMBA’s Past President Jerry Margulies
March 23, 1950 — September 6, 2025 The Rhode Island Mortgage Bankers Association is saddened to announce the death of a man who was a co-founder of RIMBA, a Past President, a long-time Director, Publisher of the paper version of the RIMBA Report, and a friend to many in the mortgage industry. Read more ...... https://conta.cc/4pwBLtp … [Read more...]
Inside This MAA Quarterly (Residential) Newsletter: Our Latest Updates – 8.27.25
When Congress returns on September 2 from the traditional August congressional recess, lawmakers are staring down a fast-approaching deadline to fund the federal government and avert a shutdown by September 30. With just four weeks to strike a deal, partisan tensions are already running high. A short-term funding patch appears inevitable at some point this fall, but with competing ultimatums and deep ideological divides, the path to keeping the government open is anything but clear.MBA continues … [Read more...]
Legislative Update – Dual Compensation on the Same Transaction
by Tom Fleming August 26, 2025 We recently received a final 2025 Legislative wrap-up from our lobbying firm. "Final" is subject to the legislature not returning in October to deal with unfinished business which has been mentioned. The Legislative Committee was very engaged, reviewing over 2000 bills and actively tracking over 100 pieces of legislation and providing testimony on many of them verbally or in writing. Of the 13 bills that we strongly opposed, none passed. Of the two … [Read more...]
Breaking Advocacy Update: FHFA Publishes Credit Score Implementation FAQs
MBA Advocacy Update 7.15.25 … [Read more...]
New From the RIMBA Neighborhood 7.1.25
Tom Fleming's report from the MBA's State Legislative and Regulatory Committee Meeting Tom attended the June 26 webinar and here are his 3 observations: 1. Thank the Good Lord that we do not do business in New York or California (at least most of you!) The regulations that those two states try to get passed and signed is absolutely mind-boggling, would cripple the mortgage industry, and require significant expenditures for lobbying efforts. Their respective MBAs have to put in a … [Read more...]
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