FORT WORTH, Texas, Feb. 21, 2017 /PRNewswire/ -- Colonial Savings, F.A. is proud to partner with the Mortgage Bankers Association's (MBA) Opens Doors Foundation to provide rental and mortgage grants to patient families at Cook Children's Medical Center.
The MBA Opens Doors Foundation is committed to helping families around the country find comfort in their homes when they are at their most vulnerable. The Foundation's Mortgage and Rental Grant Assistance Initiative provides grants to parents and guardians with critically ill or injured children at eight pediatric medical centers across the country, allowing them to take unpaid leave from work and spend precious time together without jeopardizing their homes.
Locally, the MBA Opens Doors Foundation provided $49,670 in mortgage and rental grants to Cook Children's families in 2016. Nationally, the Foundation donated more than a half million dollars to families across the country, and it is on track to greatly exceed that amount in 2017. One hundred percent of donation dollars are distributed to families, with the MBA covering all administrative costs associated with the program.
"A member of the Fort Worth community since our founding in 1952, Colonial has a long history of charitable contributions to benefit local families," said David Motley, President of Colonial and Chairman Elect of MBA. "The MBA Opens Doors Foundation is an initiative that is very close to our hearts. Our hope is that the grants are able to allow these families to spend more time with their children and less time worrying about their finances."
How can you help? Any amount helps. If you would like to donate or learn more about the MBA Open Doors Foundation, visit www.mba.org and click on the "Who We Are" tab for complete information.
Founded in 1952, Colonial is a national, multi-service financial institution headquartered in Fort Worth, Texas, and is one of largest servicers of mortgage loans in the United States, with a servicing portfolio of $26 Billion. It is the parent company of Colonial National Mortgage, a leading retail mortgage lender; CU Members Mortgage, which provides mortgage services to more than 500 credit unions nationwide; Community Bankers Mortgage, which provides mortgage origination and servicing to community banks; and Colonial Savings, a network of eight consumer/commercial banks located throughout North Central Texas. It is also affiliated with Colonial Life Insurance Company of Texas, DuBose & Associates Insurance, and Colonial Lloyds. The privately held company provides a full array of personal and business financial products and originates approximately $2.5 billion in FHA, VA, Jumbo, conventional, condo, and innovative single close construction loans annually. For additional information, please visit GoColonial.com.
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SOURCE Colonial Savings