Mortgage Bankers Association - MBA

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DEFINITION of 'Mortgage Bankers Association - MBA'

The national association that represents the real estate finance industry. The Mortgage Bankers Association, headquartered in Washington is frequently referred to as the MBA. The MBA works to help their members conduct business of single and multifamily mortgage finance by promoting fair and ethical lending practices, fostering professional excellence through educational programs and publications, providing news and information, and holding conferences.

INVESTOPEDIA EXPLAINS 'Mortgage Bankers Association - MBA'

A mortgage banker is an institution or individual who closes and funds mortgage loans in their own name. This is opposed to a mortgage broker who facilitates a mortgage transaction between a mortgage banker and a borrower for a fee. The MBA represents mortgage bankers. The National Association of Mortgage Brokers (NAMB) represents mortgage brokers.

RELATED TERMS
  1. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  2. Mortgage Banker

    A company, individual or institution that originates mortgages. ...
  3. Real Estate

    Land plus anything permanently fixed to it, including buildings, ...
  4. Mortgagor

    An individual or company who borrows money to purchase a piece ...
  5. Origination

    The process of creating a home loan or mortgage. During the origination ...
  6. Mortgagee

    An entity that lends money to a borrower for the purpose of purchasing ...
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