Real Estate Finance and Housing Industry Join Together and Donate Over $735,000 to Families in Need
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WASHINGTON, D.C. (October 27, 2015) - Mortgage Bankers Association Opens Doors Foundation (MBA Opens Doors) today announced that it has secured more than $735,000 in pledged donations at, or associated with, MBA's 2015 Annual Convention.
"Opens Doors is thrilled at the incredible outpouring of support from so many different corners of the real estate finance and housing industry," said Debra W. Still, CMB, Chairman of the MBA Opens Doors Foundation and President and CEO of Pulte Mortgage. "Eight of the nation's largest homebuilders, along with large depository institutions, community banks, independent mortgage bankers, residential firms, commercial/multifamily firms, and many more companies and individuals all made generous contributions to our efforts."
"Because of our success at MBA's 2015 Annual Convention, Opens Doors will begin its new fiscal year with an opportunity to help many more families in need. When we join together, we send a very strong message that all members of the real estate finance community are committed to sustainable housing and giving back," Still continued.
Eight of the nation's largest homebuilders and their in-house lending companies contributed a total of $170,000. These include PulteGroup and Pulte Financial Services, CalAtlantic Homes and CalAtlantic Financial Services, K. Hovnanian Homes and K. Hovnanian American Mortgage, LLC, Lennar Homes and Universal American Mortgage Company (UAMC), Taylor Morrison and Taylor Morrison Home Funding, Meritage Homes and MTH Mortgage, D.R. Horton, Inc. and DHI Mortgage Company, and Richmond American and HomeAmerican Mortgage.
Companies represented on MBA's Board of Directors contributed a total of $380,000. These include CMG Foundation, Bank of America, Cornerstone HomeLending, Inc., CoreLogic, Inc., FNF: Fidelity National Financial/Black Knight Financial Services/ServiceLink, First American Title Insurance Company, M&T Bank, Quicken Loans, Inc., Radian Guaranty Inc., SunTrust Mortgage, Inc., U.S. Bank Home Mortgage, Wells Fargo Home Mortgage, CBRE Capital Markets, Colonial Savings, EverBank, McLean Mortgage Corporation, Alliance Home Loans, HomeStreet Bank, VantageScore Solutions, LLC.
Additional members of the real estate finance community including SWBC Mortgage Corporation, Guild Mortgage Company, Pingora Asset Management LLC, Wallick & Volk, Genworth, MGIC - Mortgage Guaranty Insurance Corporation contributed a total of $140,000.
Individual and corporate attendees of MBA's Annual Convention and Expo contributed over $45,000 by making donations and pledges at the Foundation's donor reception and the Tuesday morning general session, bidding in an online auction, purchasing extra tickets for special convention events, and bidding on a guitar signed by musician Sheryl Crow, who performed for convention attendees.
Opens Doors is currently able to pass 100 percent of the donations it receives on to families in need of assistance. The Foundation's ongoing relationship with Washington, D.C.'s Children's National Medical Center and more recently Children's Hospital Colorado, provides partner organizations to help identify potential grant recipients.
Opens Doors is a 501(c)(3) organization and all contributions are tax deductible. For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.
The MBA Opens Doors Foundation was launched in October 2011, with an initial start-up contribution of $50,000 from the Mortgage Bankers Association and with MBA covering all administrative costs of the Foundation. The Foundation's two initiatives assist families with critically ill or injured children by providing mortgage or rental assistance grants to help them keep their homes in the face of significant medical expenses. Having begun by serving families in the Washington, D.C. area, MBA Opens Doors has established a sound operational framework that will enable the Foundation to expand across the United States. Learn more at www.mbaopensdoors.org