house resolution no.137

Reps. Farrington, Breen, Haadsma, Kuppa, Sneller and Steckloff offered the following resolution:

A resolution to declare July 18, 2021, as Mortgage Broker Day in the state of Michigan.

Whereas, Mortgage brokers originate nearly one-third of all residential mortgage loans in Michigan; and

Whereas, Mortgage brokers have played a key role in helping to raise Michiganís homeownership rate to over 74 percent; and†

Whereas, Mortgage brokers are an integral component of Michiganís thriving housing market that has played a critical role in bolstering Michiganís economy as a whole; and

Whereas, Mortgage broker shops are locally-based small businesses that employ thousands of Michiganders who form deep roots in support of their local communities; and

Whereas, Mortgage brokers work every day and are uniquely equipped to provide home financing options and resources to Americans aspiring to the dream of homeownership in their communities; and

Whereas, Mortgage brokers provide consumers with personalized service and loan optionality that results in competitive rates, better pricing, and faster closings; now, therefore, be it

Resolved by the House of Representatives, That the members of this legislative body declare July 18, 2021, as Mortgage Broker Day in the state of Michigan. We recognize and commend the mortgage broker community for making the dream of homeownership a reality for Michigan families, enabling them to build equity that can be passed on to future generations.