MBA Commits $100,000 to Diversity and Inclusion Scholarships

Ali Ahmad
(202) 557- 2727

WASHINGTON, D.C. (November 18, 2016) - The Mortgage Bankers Association (MBA) today announced that it would dedicate proceeds from its 3rd Annual Summit on Diversity and Inclusion, totaling $100,000, to its Path to Diversity & Inclusion Scholarships. The scholarships support diverse individuals who take MBA Education courses for professional development.

"We are honored that we can dedicate this amount to a core mission of MBA's diversity and inclusion efforts," said Dave Motley, Chairman of MBA's Diversity and Inclusion Committee and MBA Chairman-Elect. "Interest for this conference continues to increase, which was one of the main reasons we were able to support the Path to Diversity & Inclusion Scholarships."

So far this year donations toward the scholarship fund equaled $110,250. In 2016, 92 scholarships totaling more than $75,000 have been awarded. Scholarship recipients will receive a voucher to cover registration fees for any MBA Education Program offering, up to a maximum of $2,000.

The Path to Diversity & Inclusion Scholarships have been funded for many years by MBA's Research Institute for Housing America (RIHA), a 501(c)(3) trust fund. Its chief purpose is to encourage and aid - through grants and sponsored research to distinguished scholars, educational institutions, research facilities, and government organizations - the pursuit of knowledge of mortgage markets and real estate finance.

More details about the Path to Diversity & Inclusion Scholarship Program, including the application, can be found at