UPDATE@4:19 PM. We got a call from the Mortgage Bankers who said the purchase price was $76 million, not the $100 million reported by the Post.

The Mortgage Bankers Association, which has been reeling from the recession, told its members that will put its recently-purchased headquarters up for sale.

We reported in February that the MBA was experiencing real estate problems of its own and was having difficulty finding tenants to fill its 12-story building at 1331 L Street. The association purchased the property in May 2008, right before the collapse in the market.

"These factors, coupled with a challenging leasing environment, led the MBA board to conclude that continued ownership of 1331 L Street was economically imprudent," CEO John Courson wrote to members.

According to an April 2008 Washington Post story, MBA paid about $100 million for the building.

The MBA paid $76 million for the building.