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    Mortgage Bankers Association

    1919 M Street NY, 5th Floor
    Washington, DC 20036
    (202) 557-2700

    The Mortgage Bankers Association is the main trade group in the United States for the real estate finance industry. Its more than 2,200 member companies include ones from every aspect of the field, including originators, servicers, underwriters, compliance personnel and information-technology professionals. The MBA is based in Washington, D.C., and has a New York outpost in Hicksville, Long Island.

    Along with providing research, continuing education and certifications to its members, the association also lobbies government on behalf of the real estate finance industry. A lot of this lobbying is done through the Mortgage Bankers Association Political Action Committee (MORPAC).

    As of spring 2015, the MBA was headed by president and CEO David Stevens and chairman Michael Berman. The recession that started in 2008 damaged the MBAs image, given the detrimental effect that subprime mortgages had on the economy; it also hurt the associations membership, dropping it from 3,000 to 2,500, and then to its current level. -TA

    What happens to mortgage servicers remains unclear. Last week, the Mortgage Bankers Association estimated that lenders could be on the hook for at least $75 billion on short notice, and possibly more than $100 billion if homeowners and landlords sought forbearance en masse...

    Commercial loans are more difficult to compile and compare, because of the variety of mechanisms used to record them, and because multiple lenders often participate in larger originations. In addition, second mortgages and preferred equity are typically not recorded at all. There are national tables of commercial lending, for example the Mortgage Bankers Association compiles a national ranking annually, but none are publicly available detailing only New York City lending...

    • The national mortgage delinquency rate -- which includes loans with at least one late payment -- reached a record 9.24 percent in the second quarter, according to the Mortgage Bankers Association...