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Mortgage bankers lend evenly to Republicans, Democrats in 2014 races


The political action arm of the Mortgage Bankers Association (MBA), MORPAC, split its campaign contributions nearly evenly between Democrats and Republicans in 2014, and bolstered candidates in some of the most contested seats in this year’s elections.

According to the Federal Elections Commission, in 2014 MORPAC, a non-partisan MBA committee, gave $164,500 directly to Democratic candidates and $212,750 directly to Republicans.

Evening out its contributions, MORPAC gave $141,000 to Democratic-affiliated political action committees and $99,500 to Republican-affiliated PACs. Between candidates and PACs, MORPAC gave $305,500 to Democrats and $312,250 to Republicans.

MORPAC gave $15,000 each to the Republican Congressional Committee, the Republican Senatorial Committee, the Democratic Congressional Committee and the Democratic Senatorial Committee.

MORPAC donated to Senate races in Alaska, Kansas, West Virginia, and New Hampshire. The committee stayed away from directly backing candidates in the Kentucky Senate race, which involved Senate Majority Leader Mitch McConnell, as well as the Senate races in Montana, Iowa, Michigan, and Louisiana.

Some donations by MORPAC to political action committees went to candidates in those races, however. For example, MORPAC gave $3,500 to the Forward Together PAC, which in turn gave $10,000 to McConnell challenger Alison Grimes; MORPAC also gave $2,500 to the McConnell-affiliated Bluegrass Committee PAC, which exclusively supported Republican candidates in 2014.

In 2014, MORPAC made 70 donations to PACs, and some of those were multiple contributions to single PACs.

In 2014, MORPAC earned about $393,000 in individual contributions.

Senate races

U.S. Sen. Pat Roberts, R-Kansas, got $3,000 from MORPAC in two separate donations. Greg Orman unsuccessfully challenged Roberts, but ran as an Independent, and did not say whether he would caucus with Democrats.

In West Virginia, MORPAC gave $5,000 in two separate donations to Republican Shelley Moore Capito, who won the U.S. Senate seat that Jay Rockefeller is vacating.

The PAC also contributed $3,500 to the campaign of Republican U.S. Sen.-elect Tim Scott, who will become the first black Senator to represent South Carolina. Scott was appointed in 2013 to fill a vacancy left by Jim DeMint, but 2014 was his first electoral test. 

In Alaska, U.S. Sen. Mark Begich received $2,500 from MORPAC. Incumbent Begich lost the election to Republican Dan Sullivan.

In the closely watched Colorado Senate race, MORPAC gave $2,500 to both Democrat Mark Udall and Republican Cory Gardner, who won the race.

Congressional races

MORPAC gave more contributions directly to Republican congressional candidates than Democratic candidates. Republicans got about $120,000 compared to the Democrats’ $80,000.

A political committee supporting U.S. Rep. Maxine Waters, D-CA, received $6,500 from MORPAC. This year, Waters introduced the HOME Forward Act, which is one of several pieces of legislation dealing with reforming the government-sponsored enterprises.

U.S. Rep. Ed Perlmutter, D-CO, got $4,000 from MORPAC. Perlmutter was co-sponsor of legislation that would prevent the federal government from penalizing loans to marijuana-related businesses. The co-sponsor of that bill, U.S. Rep. Denny Heck, D-WA, got $1,000 from MORPAC.  


 

Questions? Contact Neal McNamara at (425) 984-6017 or nealm@scotsmanguide.com.

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