Colonial Companies & MBA Opens Doors Announce First Grant to Cook Children’s Hospital Family

FORT WORTH, TX – (RealEstateRama) — The Colonial Family of Companies and the Mortgage Bankers Association Opens Doors Foundation (MBA Opens Doors) today announced that MBA Opens Doors has provided the inaugural grant as part of its new relationship with Cook Children’s Hospital in Dallas-Ft. Worth, Texas. MBA Opens Doors assists families with critically ill or injured children by providing mortgage or rental assistance grants to help them keep their homes in the face of significant medical expenses. Since its founding in 2011, MBA Opens Doors has provided assistance to over 450 families.

The grant was awarded to the family of Jeremiah, age 3, who lives in Fort Worth with his parents and two young siblings. He is currently undergoing chemotherapy. The family has struggled financially since Jeremiah’s diagnosis due to a significant loss of income and increased expenses.

“As parents and family members, it’s easy to imagine how our work and family life would be disrupted by the diagnosis of a critically ill or injured child. For far too many families, sudden medical care creates an additional financial burden at a time of extreme emotional stress. This can often lead to putting the family home in jeopardy. I’m proud that the Colonial Family of Companies can help launch MBA Opens Doors in Texas. Helping a family keep their home while they provide long-term care for a sick child not only helps the family financially, but it can be critical to the wellness and recovery of the child,” said J. David Motley, President of Colonial Savings, F.A. and its divisions — Colonial National Mortgage and CU Members Mortgage, and Vice-Chairman of the Mortgage Bankers Association.

“I want to thank Dave and the entire team at the Colonial Family of Companies for connecting the good people at Cook Children’s Hospital with the Opens Doors Foundation.” said Debra Still, CMB, Chairman of the MBA Opens Doors Foundation and President & CEO of PulteMortgage. “From reading the grant applications each month, I have seen how lives are touched by Opens Doors. We are honored to have the chance to help Jeremiah’s family and look forward to helping out many others.”

Founded in 1952, the Colonial Family of Companies is a comprehensive, national financial services company offering home mortgage with retained servicing, personal and commercial banking services, property/hazard insurance, and life/disability insurance.

For most families, the fear of losing a home is second only to the sense of panic that comes with the need to care for a loved one who is suffering from a major illness – especially if they are a child. The MBA Opens Doors Foundation was developed as an industry association model for utilizing both expertise and resources to help individuals and families facing housing challenges associated with the significant cost of care for a seriously ill child.

Opens Doors is currently able to pass 100 percent of the donations it receives on to families in need of assistance. The Foundation’s ongoing relationship with children’s hospitals in Washington D.C., Boston, Massachusetts, Dallas-Ft. Worth, Texas, Denver, Colorado, and Houston, Texas identifies potential grant recipients.

Opens Doors is a 501(c)(3) organization and all contributions are tax deductible. For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.

CONTACT
Ali Ahmad

(202) 557- 2727

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MBA

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., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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