Mortgage Bankers Association Of America

MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY, EDUCATION, RESEARCH, AND ADVOCACY.

MEETINGSDUE TO THE ON-GOING PANDEMIC, MBA CONTINUED TO OFFER VIRTUAL MEETINGS FOR A MAJORITY OF FY2021 CREATING A CUSTOM 3D PLATFORM TO ADD TO OUR MBALIVE OFFERINGS TO DELIVER THE BEST CONTENT AND HIGH-LEVEL EXPERIENCE FOR OUR MEMBERS. MBA'S FISCAL YEAR 2021 (FY2021), ENDING SEPTEMBER 30, 2021, SAW MORE THAN 8926 INDIVIDUAL ATTENDEES AT 9 (1 IN-PERSON, 8 VIRTUAL) CONFERENCES AND MEETINGS THAT PROVIDED ATTENDEES WITH TIMELY INFORMATION ABOUT THE ECONOMY, BUSINESS TRENDS, TECHNOLOGICAL INNOVATION AND LEGISLATIVE AND REGULATORY CHANGES AND PROSPECTS. MBA CONDUCTED A SUCCESSFUL VIRTUAL ANNUAL CONVENTION IN OCTOBER 2021 WITH 2007 ATTENDEES. THE VIRTUAL CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2021 IN SAN DIEGO WITH 2170 ATTENDEES. SPONSORSHIP AND BOOTH SALES WERE STRONG FOR A VIRTUAL PLATFORM AT THE MBALIVE MEETINGS WITH 100 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES AND 159 SPONSORS.IN ADDITION TO THE LARGE ANNUAL CONVENTIONS EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS USUALLY HOSTS 4 ADDITIONAL LARGE CONFERENCES AND EXPOS EACH YEAR AS WELL AS 15 MORE FINELY FOCUSED SPECIAL INTEREST CONFERENCES, WHICH ARE SPECIALIZED PROGRAMS HELP PARTICIPANTS GAIN KNOWLEDGE AND INFORMATION IN SUCH AREAS AS LEGAL ISSUES AND REGULATORY COMPLIANCE, COMMERCIAL SERVICING, RISK MANAGEMENT, AND ACCOUNTING AND FINANCIAL MANAGEMENT. DUE TO THE PANDEMIC, MBA COMBINED 3 OF OUR LARGER CONVENTIONS, SERVICING SOLUTIONS CONFERENCE & EXPO, TECHNOLOGY SOLUTIONS CONFERENCE & EXPO, AND SECONDARY AND CAPITAL MARKETS CONFERENCE & EXPO INTO ONE LARGE SPRING CONFERENCE WITH AN ATTENDANCE OF 2299. SEVERAL PROGRAMS STILL QUALIFIED IN WHOLE OR IN PART FOR CONTINUING LEGAL EDUCATION CREDIT (CLE), CPE AND OTHER CONTINUING EDUCATION CREDITS.

ADVOCACY FOR MEMBERS AND THE INDUSTRYMBA CONTINUES TO BE THE LEADING ADVOCATE FOR THE ENTIRE REAL ESTATE FINANCE INDUSTRY BOTH IN WASHINGTON, D.C. AND IN STATE CAPITALS. IN 2021, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING PATHWAYS TO CREATING AFFORDABLE RENTAL AND HOMEOWNERSHIP OPPORTUNITIES, CLOSING THE RACIAL HOMEOWNERSHIP GAP, STRUCTURAL REFORMS OF THE SECONDARY MORTGAGE MARKET, RATIONALIZING RISK-BASED CAPITAL STANDARDS, COVID-19-RELATED ISSUES IMPACTING INDUSTRY STAKEHOLDERS, TAX POLICIES IMPACTING REAL ESTATE FINANCE, AND OTHER LEGISLATIVE, REGULATORY, AND SUPERVISORY ISSUES. OUR FEDERAL LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY AND STATEMENTS FOR THE RECORD BEFORE THE HOUSE FINANCIAL SERVICES AND SENATE BANKING COMMITTEES AND SUPPORT FOR THE ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY), INCLUDING THOSE RELATED TO FUNDING FOR CRITICAL HUD INFORMATION TECHNOLOGY INFRASTRUCTURE AND ASSISTANCE FOR HOMEOWNERS AND RENTERS FACING COVID-19-RELATED HARDSHIPS, AS WELL AS EDUCATION AND ADVOCACY ON A WIDE VARIETY OF OTHER REAL ESTATE FINANCE ISSUES (E.G., TAX POLICY, REGULATORY CLARITY, GOVERNMENT HOUSING PROGRAMS, MINIMUM FEDERAL REMOTE ONLINE NOTARIZATION STANDARDS, DATA PRIVACY, FALSE CLAIMS ACT, ETC.). WITH REGARD TO REGULATORY ACHIEVEMENTS IN THE RESIDENTIAL REAL ESTATE FINANCE SECTOR, MBA SUBMITTED COMMENT LETTERS AND PROVIDED GUIDANCE AND SUBSTANTIVE RECOMMENDATIONS THROUGHOUT THE YEAR TO REGULATORY AGENCIES, INCLUDING HUD, VA, USDA, TREASURY, CFPB, FHFA, SEC, OCC, FDIC, AND THE FEDERAL RESERVE. THESE RECOMMENDATIONS COVERED A WIDE-RANGING SET OF MORTGAGE FINANCE ISSUES, INCLUDING ORIGINATION AND SERVICING GUIDELINES, SECONDARY MARKET STRUCTURE, TAX AND ACCOUNTING REQUIREMENTS, CAPITAL AND LIQUIDITY REQUIREMENTS, CONSUMER PROTECTION REGULATIONS, AND DATA SECURITY/PRIVACY. CONSIDERING THE ONGOING CHALLENGES ASSOCIATED WITH THE COVID-19 PANDEMIC IN 2021, THE ASSOCIATION PLAYED A CRITICAL ROLE IN EDUCATING MORTGAGE SERVICERS AND ORIGINATORS, AND ADVISING THE REGULATORY AGENCIES, ON THE IMPACTS OF THESE RULES AND REQUIREMENTS. THE ASSOCIATION ALSO FILED AMICUS BRIEFS IN NUMEROUS CASES SUPPORTING THE INDUSTRY IN DISPUTES OVER IMPORTANT LEGAL ISSUES.IN THE COMMERCIAL AND MULTIFAMILY REAL ESTATE FINANCE SECTOR, MBA'S PUBLIC POLICY IN FISCAL YEAR 2021 SUPPORTED OUR MEMBERS' INTERESTS BY FURTHERING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE INDUSTRY, INCLUDING CONTINUED SUPPORT THROUGHOUT THE COVID-19 PANDEMIC. MBA PROVIDED DATA, INFORMATION AND RECOMMENDATIONS ON ISSUES AFFECTING THE COMMERCIAL REAL ESTATE FINANCE INDUSTRY TO THE ADMINISTRATION AND REGULATORY AGENCIES, INCLUDING THE CFPB, FDIC, THE FEDERAL RESERVE, FHFA, HUD, OCC, SEC, AND TREASURY. ISSUES INCLUDED: AFFORDABLE RENTAL HOUSING, CLIMATE RISK AND GREEN LENDING, LOW-INCOME HOUSING TAX CREDITS, CONTINUED CAPITAL, AND ACCOUNTING FLEXIBILITY FOR LOAN MODIFICATIONS DURING THE COVID-19 PANDEMIC; FLOOD INSURANCE REGULATIONS, CONTINUED ECONOMIC RELIEF DURING THE PANDEMIC; LIFE COMPANY RISK-BASED CAPITAL STANDARDS, GSE CAPITAL AND REGULATORY POLICY; FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE, AND APPRAISAL MATTERS. AT THE STATE LEVEL, WE WORKED WITH NUMEROUS STATE MORTGAGE BANKING ASSOCIATIONS AND OTHER PARTNERS ON A WIDE VARIETY OF HOUSING, LICENSING, AND REAL ESTATE FINANCE ISSUES BY PROVIDING DATA AND POLICY ANALYSIS TO SUPPORT THEIR EFFORTS. AS THE COVID-19 PANDEMIC FORCED SOCIAL DISTANCING, WE WORKED WITH STATES TO URGE THEM TO ALLOW MORTGAGE EMPLOYEES TO WORK REMOTELY, A COMMON-SENSE SOLUTION TO ALIGN OUR INDUSTRY WITH THE REALITIES OF THE PANDEMIC. WE ALSO ADVOCATED IN SUPPORT OF STATE LAWS PERMITTING THE USE OF REMOTE ONLINE NOTARIZATION. IN THE COMMERCIAL AND MULTIFAMILY FINANCE SPACE, WE WORKED WITH OUR STATE AND LOCAL CHAPTERS TO FIND COMMON SENSE SOLUTIONS TO HELP RENTERS, OWNERS, AND LENDERS DURING THE COVID-19 PANDEMIC, AND TO RATIONALIZE ANY NEW TAXES AFFECTING THE INDUSTRY. ADDITIONAL ADVOCACY EFFORTS FOCUSED ON STATE LAWS AND REGULATIONS RELATED TO DATA PRIVACY/SECURITY, MORTGAGE SERVICER CAPITAL AND LIQUIDITY REQUIREMENTS, AND STATE COMMUNITY REINVESTMENT MATTERS.AS THE VOICE OF THE REAL ESTATE INDUSTRY IN WASHINGTON, D.C. AND THROUGHOUT THE NATION, MBA IS ALSO PROUD TO HOST AND SUPPORT DIVERSITY AND INCLUSION INITIATIVES, YOUNG PROFESSIONALS' GROUPS, AND AFFORDABLE HOMEOWNERSHIP COALITIONS.

MEMBERSHIP MBA'S MEMBERSHIP INCLUDES BUSINESSES FROM ALL SEGMENTS OF THE REAL ESTATE FINANCE INDUSTRY. WE ENDED 2021 WITH MORE THAN 1,900 TOTAL MEMBERS. EDUCATION MBA EDUCATION PROVIDED TRAINING AND DEVELOPMENT TO OVER 60,000 REAL ESTATE PROFESSIONALS REPRESENTING SINGLE-FAMILY AND COMMERCIAL/MULTIFAMILY LENDING DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2021. TRAINING IS PROVIDED THROUGH A MIX OF DELIVERY FORMATS INCLUDING CLASSROOM-BASED COURSES, INSTRUCTOR-GUIDED ONLINE COURSES, CERTIFICATION AND DESIGNATION PROGRAMS, WEBINARS, AND WEB-BASED SELF-STUDY COURSES. ACROSS MBA EDUCATION'S LIVE PROGRAMMING AND SELF-PACED OFFERINGS, THE DEPARTMENT OFFERS NEARLY 450 TRAINING PROGRAMS COVERING ALL FACETS OF THE INDUSTRY. DURING THE YEAR, MBA EDUCATION LAUNCHED A THREE-MONTH PROGRAM COVERING FHA AFFORDABLE 221(D)(4) LENDING FOR OUR MULTIFAMILY LENDER MEMBERS. OUR 3-COURSE FLAGSHIP PROGRAM, THE SCHOOL OF MORTGAGE BANKING, COMBINED TO TRAIN NEARLY 1,200 STUDENTS. SUCCESSFUL COMPLETION OF THE THREE COURSES RESULTS IN STUDENTS BEING AWARD THE ACCREDITED MORTGAGE PROFESSIONAL (AMP) CERTIFICATION. MBA EDUCATION'S CERTIFICATION AND DESIGNATION PROGRAMS CONTINUED TO BE A SIGNIFICANT BENEFIT TO INDUSTRY PROFESSIONALS. DURING THE FISCAL YEAR, OVER 2,100 INDIVIDUALS ENROLLED IN ONE OF MBA EDUCATION'S SEVEN CERTIFICATION AND DESIGNATION PROGRAMS.