Mortgage Bankers Association

What it reported doing in 2024

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 fiscal year 2025, the association provided thought leadership on a variety of public policy issues, including pathways to creating affordable rental and homeownership opportunities, reforming the secondary mortgage market, rationalizing risk-based capital standards, improving the homebuying experience for borrowers, 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 key congressional committees and support for the enactment of several industry priorities (both residential and commercial/multifamily), including those related to affordable housing and affordable rental housing, va home loan program reforms, funding for critical hud information technology infrastructure, extending the national flood insurance program, and mortgage credit "trigger leads" legislation. Through regular meetings with federal legislators and congressional staff our legislative affairs team provided education and advocacy on a wide variety of other real estate finance issues affecting single family, multifamily and commercial (e.g., tax policy, regulatory clarity, government housing programs, minimum federal remote online notarization standards, data privacy, false claims act, etc.). Mba's mortgage action alliance registered over 70,000 participants to conduct constituent engagement.regarding 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, and the use of artificial intelligence in lending and servicing. The association also filed amicus briefs in numerous cases supporting the industry in disputes over important legal issues.mba's regulatory work in fiscal year 2025 supported our members' commercial and multifamily real estate finance interests by supporting the objective of facilitating liquidity and capital availability for the industry. 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, the white house and treasury. Issues included: affordable rental housing, low-income housing tax credits, continued capital, flood insurance regulations, life company risk-based capital standards, gse capital and regulatory policy, and fha issues impacting multifamily and residential healthcare finance. 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. In the commercial and multifamily finance space, we worked with our state and local chapters to combat rent control efforts and instead advocate for common sense solutions to help renters, owners, and lenders. Additional efforts focused on state laws and regulations related to the taxation of mezzanine debt, rental housing subsidies and office conversion tax credits, data privacy/security, and mortgage servicer capital and liquidity requirements.as the voice of the real estate industry in Washington, d.c. And throughout the nation, mba provides numerous business segment forums for industry professionals to meet and discuss issues unique t

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 84.8%; rating input score 85; 19th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.4%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 2.82; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.3; rating input score 55; 55th percentile among comparable filings
• Officer compensation ratio: 14.7%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 13.2% per year; rating input score 100; 82nd percentile among comparable filings