Mortgage Bankers Association (MBA)
So that mortgage lenders can ensure they are forwarding on the
very best, most accurate and most reliable information, they tend
to appreciate the notion of aligning with a body of related professionals,
i.e. the Mortgage Bankers Association (MBA,) which holds meetings
on a regular basis at which they discuss issues and areas of concern
pertaining to their industry.
Employing the slogan “Investing in Communities,”
the Mortgage Bankers Association (MBA) is dedicated to continuing
and propelling the strength of US’ real estate markets,
encompassing both residential and commercial properties; to increase
the numbers of citizens that are able to purchase their own home
and make housing in American affordable and accessible to all.
The MBA is a regulating body that maintains a vigilant watch
on the lending practices that occur within the real estate industry,
as a whole. Their plight is to weed out predatory lending activities,
while encouraging those that are fair and ethical. Plus, they
are a group that seeks to not only educate professionals in their
field but also keep them apprised of developments and updates
that happen on a consistent basis.
Based in Washington D.C,, MBA encompasses more than 2500 members
emanating from the real estate, financial and housing legislative
sects. Specifically, such professionals include those form mortgage
companies, brokers, lending institutions, credit unions, S&L’s
and life insurance companies.
Founded in 1914, the original named of the organization was the
Farm Mortgage Bankers Association. In 1923, this name was changed
to its current title that of the Mortgage Bankers Association
in an effort to stress the importance being placed upon residential
real estate financing.
Why such an emphasis on real estate financing?
Overall, the real estate financing industry provides a national
forum wherein investors can align with persons (potential homebuyers)
seeking available funds. Furthermore, the industry contributes
sizably to the momentum of our country’s economic structure,
i.e. offering employment, balancing out markets, stimulating communities
and providing housing resources.