NYAMB Announces New Compliance Line, Names Barone Legal Counsel – NMP Skip to main content

NYAMB Announces New Compliance Line, Names Barone Legal Counsel

May 22, 2018
The New York Association of Mortgage Brokers (NYAMB) has announced the creation of the NYAMB Compliance Line

The New York Association of Mortgage Brokers (NYAMB) has announced the creation of the NYAMB Compliance Line to provide its members who have questions or concerns regarding residential mortgage compliance matters with an The New York Association of Mortgage Brokers (NYAMB) has announced the creation of the NYAMB Compliance Lineexperienced, centralized source of information. The NYAMB Compliance Line will be available on business days (other than holidays) from the hours of 10:00 a.m.-11:00 a.m., and it will be staffed by attorneys from the law firm of Abrams Garfinkel Margolis Bergson LLP, NYAMB’s Legal Counsel. A designated phone number has been assigned for members of the association and accessible through the Members Only portal of NYAMB.org.
 
"This new benefit has been a long-time request from members and we are excited to have this great benefit now available for our members" said NYAMB President Mark Favaloro.
 
In addition to the addition of NYAMB Compliance Line, NYAMB has announced that Michael G. Barone Esq. of Abrams Garfinkel Margolis Bergson LLP’s Compliance Department as the association’s official Legal Counsel.
 
Barone has more than 20 years of experience, representing nationally-recognized Mortgage Lenders and Brokers on all types of federal and state compliance, transactional and litigation matters, including RESPA, Regulation Z, Regulation B, Truth-in-Lending Act (TILA), Dodd-Frank, TRID, fair lending, loan officer compensation, predatory lending and state licensing.
 
Barone also serves as the Executive Director of Compliance for Mortgage Quality Management and Research LLC (MQMR), where he oversees all compliance and regulatory guidance with the firm’s clients. MQMR is based in Sherman Oaks, Calif. and focuses on risk mitigation within the mortgage lending community.


 
About the author
Published
May 22, 2018
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation