The Mortgage Bankers Association’s Opens Doors Foundation (MBA Opens Doors) today announced that it surpassed a milestone, having provided mortgage or rental payment assistance grants to more than 2,000 families across the country. The grants are made to families with critically ill or injured children, allowing parents and guardians to be by a child’s side during treatment, without fear of jeopardizing their home.
“Due to the generosity of MBA members and the efforts of social workers in our network of hospitals, we are thrilled to have helped more than 2,000 families in more than 40 states with housing payment support during a time of crisis. This kind of national reach with local impact has made a meaningful difference for families with children who are literally in the fight of their lives,” said Debra W. Still, CMB, President and CEO of Pulte Mortgage and Chairman of MBA Opens Doors.
“This milestone is worthy of celebration, but it also underscores the big task we have ahead of us. In the first five years of the Foundation’s existence, we helped 1,000 families and in less than a year later we’ve doubled that number,” said Deborah Dubois, President of MBA Opens Doors. “We are working really hard to make sure that as the need grows, we’re there to support it.”
Through the generosity of MBA, the Foundation passes on 100 percent of the donations it receives to families in need of assistance. Potential recipients of the grants are identified through the Foundation’s ongoing relationships with nine children’s hospitals in Washington D.C., Boston (2), Dallas-Fort Worth, Denver, Houston, northern and southern California and Akron, Ohio.
About The Mortgage Bankers Association
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,300 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field.