Industry News
Kempner to Depart MBA, Courson to be Named New COO
July 23, 2008

Jonathan Kempner will be stepping down from his role as president and chief executive officer of the Mortgage Bankers Association on December 31.  Kempner joined the company in March 2001 to lead the firm through a turnaround in its operations. Under his leadership, the association doubled its revenues and operating reserve fund.

In a release Kempner said "This has been an extremely intellectually stimulating and rewarding period in my professional life.  Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society.  I am very proud of the extraordinary staff I have helped assemble at MBA, as my colleagues' dedication, intelligence and expertise make a true difference in the overall quality of life for many Americans.  MBA's mission, I am convinced, will be enhanced with new leadership, and on a personal level, I very much look forward to a new position of leadership myself after nearly 8 wonderful years at MBA."
Addition


Additionally, John A. Courson  will be named Chief Operating Officer of the Mortgage Bankers Association  during the transition period, effective August 1.  Courson will become President of MBA on January 1, 2009.  


 
Recent Industry News Headlines
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According to a report in the New York Daily News, Eric Hadar, CEO of Allied Partners, was busted for drugs, including cocaine, Oxycontin and Xanax, He was stopped while driving erratically Friday on the Saw Mill River Parkway in New York and is due to make a court appearance on two felony counts today in Westchester, N,Y., the paper stated. His real estate firm bought the Citigroup Center on Lexington Ave. for $725 million in 2001.
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JCPenney Expands Houston Presence with 2 New Stores
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University Medical Center Buys Land for 500,000-SF Biotech Park in Dallas
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The University of Texas Southwestern Medical Center acquired a 13-acre site from the City of Dallas for the development of BioCenter at Southwestern Medical District, a 500,000-square-foot biotech park.
 

 

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