MBA's Mortgage Action Alliance: A Message From MAA Chairman Gene M. Lugat
Jan 24, 2019
As we make our way into the end of 2018, the Mortgage Action Alliance (MAA) would like to reflect on another successful year for MBA Advocacy. The industry has had many challenges, changes, and victories this year. Here are a few achievements we would like to share with you:
►27,000 MAA members: A 76 percent increase over 2016
►3,220 downloads of MAA mobile app
►Four companies with more than 1,000 MAA member employees
►Two companies with more than 2,000 MAA member employees
►50,000 letters and tweets sent to elected officials, a 350 percent increase over 2016
►Contacted 95 percent of House & Senate Offices on key issues
►4,000 followers on social media
►Raised more than $2.1 million for MORPAC, setting single-cycle and single-year fundraising records in the 2017-2018 election cycle
►Contributed more than $2.2 million to federal candidates—with a candidate win rate of 82 percent
►With fundraising and contributions to candidates, MORPAC is once again ranked as a top 20 trade association PAC nationally
With MAA leading the way, industry advocacy played a key role in keeping the industry’s priorities front and center, scoring major wins with the Tax Cuts and Jobs Act (Public Law 115-97) and The Economic Growth, Regulatory Relief and Consumer Protection Act, (Public Law 115-174) which both included many important provisions to MBA members.
With the midterm elections in the rearview mirror, now is a great time to begin proactively engaging and educating policymakers (current and the newly elected) during the final weeks of 2018. There will be 100 new members of Congress next year and now is an important time to tell lawmakers and regulators, influencers in Washington and throughout the country, all the good things our industry is doing to ensure the dream of homeownership is realized by millions of Americans.
Policymakers need to know what you do locally to help families buy their first home or refinance their mortgage, how you create rental housing or help finance the buildings where your neighbors work or shop. Educating these new lawmakers early will put us in a strong position to promote and move forward with our legislative priorities in the 116th Congress.
To that end, we encourage you to Join MAA if you haven’t already done so.
You can join MAA for free at MBA.org/JoinMAA or search “Mortgage Action Alliance” in the App Store or Google Play to download the MAA mobile app. We have tools and materials available to help you connect with your current and newly-elected policymakers and MBA staff can help you every step of the way. If you are interested in running a MAA enrollment campaign at your company, please contact MBA’s Director of Political Affairs Alden Knowlton at (202) 557-2816 or e-mail [email protected].
Gene M. Lugat is Chairman of the Mortgage Bankers Association’s Mortgage Action Alliance. Gene is Executive Vice President, National Industry and Political Relations for PrimeLending Inc.
This article originally appeared in the December 2018 print edition of National Mortgage Professional Magazine.
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