MBA’s Kempner out, replacement a doozy

"According to a Washington Post article, Courson’s own mortgage firm went bust in early 2007. Cheryl Crispen, MBA’s spokeswoman, told the Post that Courson closed his company due to 'a cash-flow and capital situation. . . . There was a lack of cash.'

Hmmmm. This makes him a good choice to run MBA? An organization facing its own cash crunch?

Not to mention his questionable ethics. Ten years ago, HUD caught him overcharging customers for credit reports. The settlement (a copy of which you can see here) cost him $85k."