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September 20, 2026

10 Employees of the Mortgage Bankers Association Take Home $49 Million in Compensation

by Anne Paddock

10 of the most highly compensated employees of the Mortgage Bankers Association – a Washington, DC-based, tax-exempt, non profit 501 (c) 6 national trade association with more than 2,200 members,  that represents the real estate finance industry – received $49 million in compensation from 2017-2024:

Robert D Broeksmit:  Total Compensation 2019-2024:  $11 million

  • 2024:  $2,216,614
  • 2023:  $2,353,669
  • 2022:  $2,497,887
  • 2021:  $2,064,539
  • 2020:  $1,795,631
  • 2019:  $  447,604

Marcia M Davies:  Total Compensation 2017-2024:  $8 million

  • 2024:  $  955,466
  • 2023:  $1,033,695
  • 2022:  $  952,055
  • 2021:  $  931,335
  • 2020:  $1,137,359
  • 2019:  $1,438,949
  • 2018:  $  855,022
  • 2017:  $  688,112

Gordon R Mills:  Total Compensation 2017-2024:  $5 million

  • 2024:  $709,641
  • 2023:  $718,015
  • 2022:  $702,828
  • 2021:  $682,128
  • 2020:  $673,855
  • 2019:  $619,489
  • 2018:  $586,823
  • 2017:  $575,101

William P Killmer:  Total Compensation 2017-2024:  $5 million

  • 2024:  $673,738
  • 2023:  $667,957
  • 2022:  $651,082
  • 2021:  $618,465
  • 2020:  $628,805
  • 2019:  $616,892
  • 2018:  $597,058
  • 2017:  $574,668

Michael P Flood:  Total Compensation 2021-2024:  $2 million

  • 2024:  $562,074
  • 2023:  $556,203
  • 2022:  $531,573
  • 2021:  $467,040

Michael Fratanoni:  Total Compensation 2017-2024:  $4 million

  • 2024:  $510.267
  • 2023:  $528,015
  • 2022:  $503,745
  • 2021:  $478,926
  • 2020:  $467,783
  • 2019:  $426,040
  • 2018:  $418,616
  • 2017:  $398,465

Peter Grace:  Total Compensation 2017-2024:  $4 million

  • 2024: $523,574
  • 2023:  $512,222
  • 2022:  $498,228
  • 2021:  $462,409
  • 2020:  $465,261
  • 2019:  $436,593
  • 2018:  $410,592
  • 2017:  $367,322

Stephen O’Connor:  Total Compensation 2017-2024:  $4 million

  • 2024:  $494,034
  • 2023:  $491,406
  • 2022:  $477,950
  • 2021:  $453,291
  • 2020:  $463,441
  • 2019:  $460,632
  • 2018:  $468,266
  • 2017:  $427,605

Lisa Haynes:  Total Compensation 2017-2024:  $4 million

  • 2024:  $497,269
  • 2023:  $471,102
  • 2022:  $445,874
  • 2021:  $415,847
  • 2020:  $404,580
  • 2019:  $327,318
  • 2018:  $255,999
  • 2017:  $208,456

Michael Briggs:  Total Compensation 2021-2023:  $2 million

  • 2024:  $434,710
  • 2023:  $433,260
  • 2022:  $416,332
  • 2021:  $223,914

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