MBA Opens Doors Foundation Raises $115k at Annual Convention

WASHINGTON, DC (November 12, 2013) – Today, Debra Still, CMB, Chairman of the Mortgage Bankers Association’s (MBA) Opens Doors Foundation, released the following statement announcing Opens Doors raised more than $100,000 at MBA’s 100th Annual Convention:

“It is a tribute to the generosity of the real estate finance community that we raised over $115,000 in just three days. That not only met, but surpassed our fundraising goal for MBA’s 100th Annual Convention. I am also proud to report that every cent contributed will go directly to providing mortgage assistance grants to families that are at risk of losing their home due to medical expenses incurred while caring for an ailing child.

“For most people, the fear of losing a home is second only to the sense of panic that comes with the need to care for a seriously ill child. Our goal at MBA Opens Doors is to end the specter of foreclosure for families who unfortunately – and through no fault of their own – now face the deep financial uncertainty so often involved with attending to a loved one who is too young to help themselves.

“I thank everyone who donated, and I encourage the entire real estate finance industry to go to www.mbaopensdoors.org and give to the Opens Doors Foundation so we can act to protect the one thing every family should have: a home. MBA is pleased to offer yet another way lenders can demonstrate their commitment to sustainable housing through charitable giving.”

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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 assists families with critically ill or injured children by providing mortgage 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.