MORTGAGE BANKERS ASSOCIATION
1919 M STREET NW NO 5TH FL, WASHINGTON, DC 20036 www.mba.org

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Organizations Filed Purposes: 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., MBA INVESTS IN COMMUNITIES

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

MEETINGS & CONFERENCESMBA'S FISCAL YEAR 2019 (FY2019), ENDING SEPTEMBER 30, 2019, SAW MORE THAN 16,874 INDIVIDUAL ATTENDEES AT 19 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 ANNUAL CONVENTION IN OCTOBER 2018 IN WASHINGTON DC WITH 4252 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2019 IN SAN DIEGO WITH 3273 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS WITH 462 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES.IN ADDITION TO THE LARGE ANNUAL CONVENTION EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS 4 ADDITIONAL LARGE CONFERENCES AND EXPOS EACH YEAR AS WELL AS 15 MORE FINELY FOCUSED SPECIAL INTEREST CONFERENCES. THE FIVE LARGE GATHERINGS ARE THE ANNUAL CONVENTION & EXPO, COMMERCIAL REAL ESTATE FINANCE/MULTIFAMILY HOUSING CONVENTION & EXPO, NATIONAL MORTGAGE SERVICING CONFERENCE & EXPO, TECHNOLOGY SOLUTIONS CONFERENCE & EXPO AND NATIONAL SECONDARY MARKET CONFERENCE & EXPO. 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. EACH OF THESE PROGRAMS HAD STRONG ATTENDANCE AND IS AN IMPORTANT PART OF THE MEMBERSHIP VALUE PROPOSITION FOR MEMBER COMPANIES. SEVERAL PROGRAMS QUALIFY 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, DC AND IN STATE CAPITALS. IN 2019, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING PROPOSALS FOR BOTH ADMINISTRATIVE AND LEGISLATIVE GSE REFORM, PATHWAYS TO AFFORDABLE HOMEOWNERSHIP, AND OTHER REGULATORY AND SUPERVISORY ISSUES. OUR LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY ON CAPITOL HILL BEFORE THE HOUSE FINANCIAL SERVICES AND SENATE BANKING COMMITTEES, SUPPORT FOR THE ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY), INCLUDING FUNDING FOR CRITICAL HUD INFORMATION TECHNOLOGY INFRASTRUCTURE, VA HOME LOAN PROGRAM TECHNICAL CORRECTIONS, AND TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION, AS WELL AS EDUCATION AND ADVOCACY ON A WIDE VARIETY OF OTHER REAL ESTATE FINANCE ISSUES. WITH REGARD TO REGULATORY ACHIEVEMENTS, MBA SUBMITTED COMMENT LETTERS AND PROVIDED GUIDANCE AND SUBSTANTIVE RECOMMENDATIONS THROUGHOUT THE YEAR TO REGULATORS, INCLUDING HUD, VA, USDA, TREASURY, CFPB, FHFA, NAIC AND THE FEDERAL BANKING AGENCIES. THESE RECOMMENDATIONS COVERED A WIDE-RANGING SET OF MORTGAGE FINANCE ISSUES, INCLUDING ORIGINATION AND SERVICING GUIDELINES, SECONDARY MARKET STRUCTURE, TAX AND ACCOUNTING REQUIREMENTS, CAPITAL REQUIREMENTS, CONSUMER PROTECTION REGULATIONS, AND DATA SECURITY/PRIVACY. THE ASSOCIATION ALSO FILED AMICUS BRIEFS IN NUMEROUS CASES SUPPORTING THE INDUSTRY IN DISPUTES OVER IMPORTANT LEGAL ISSUES. IN THE COMMERCIAL/MULTIFAMILY REAL ESTATE FINANCE SECTOR, MBA'S PUBLIC POLICY ACTIVITIES IN 2019 SUPPORTED OUR MEMBERS' INTERESTS BY FURTHERING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE COMMERCIAL REAL ESTATE FINANCE MARKET. MBA SHARED INFORMATION AND RECOMMENDATIONS WITH THE PUBLIC AND POLICY MAKERS ON A VARIETY OF POLICY ISSUES AFFECTING THE COMMERCIAL/MULTIFAMILY FINANCE INDUSTRY, INCLUDING: TAX REFORM IMPLEMENTATION; BANK CAPITAL STANDARDS; LIFE COMPANY RISK-BASED CAPITAL STANDARDS, HOME MORTGAGE DISCLOSURE ACT REPORTING REQUIREMENTS FOR MULTIFAMILY MORTGAGES; THE IMPLICATIONS OF HOUSING FINANCE REFORM ON MULTIFAMILY FINANCE; FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE, FLOOD AND TERRORISM RISK INSURANCE, 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 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.

EDUCATIONMBA EDUCATION PROVIDED TRAINING TO OVER 12,000 REAL ESTATE FINANCE PROFESSIONALS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2019. THE TRAINING TO THESE INDIVIDUALS WAS DELIVERED THROUGH A MIX OF OVER 400 OFFERINGS. STUDENTS ACCESSED TRAINING THROUGH A MIX OF CLASSROOM COURSES AND WORKSHOPS, WEBINARS AND WEBINAR RECORDINGS, RESOURCE GUIDES, CERTIFICATION AND DESIGNATION PROGRAMS, INSTRUCTOR-GUIDED ONLINE COURSES, AND WEB-BASED SELF-STUDY COURSES. THE COURSES COVER BOTH THE SINGLE FAMILY/RESIDENTIAL AND COMMERCIAL/MULTIFAMILY INDUSTRIES, WITH CONTENT RANGING FROM INTRODUCTORY TO ADVANCED CONCEPTS IN REAL ESTATE FINANCE, LEADERSHIP AND MANAGEMENT, AND TECHNOLOGY AND COMPLIANCE. THE FLAGSHIP OFFERING IS MBA'S SCHOOL OF MORTGAGE BANKING (SOMB), WHICH IN FISCAL YEAR 2019 SAW THE ADDITION OF THE NEW SCHOOL OF MULTIFAMILY MORTGAGE BANKING. THE NEW CLASSROOM OFFERING IS THREE DAYS IN LENGTH AND CONTINUES THE DEPARTMENT'S GROWTH IN COMMERCIAL/MULTIFAMILY OFFERINGS. OVER 1,300 INDIVIDUALS WERE TRAINED THROUGH 43 SOMB OFFERINGS DURING THE FISCAL YEAR. THE FLAGSHIP CERTIFICATION AND DESIGNATION PROGRAM FOR THE INDUSTRY IS THE CERTIFIED MORTGAGE BANKER (CMB). FORTY-FOUR INDUSTRY PROFESSIONALS ACHIEVED THEIR CMB DURING THE FISCAL YEAR.

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