MBA's Kempner Out; Courson To Step Up
Search
2008-07-22 — ml-implode.com
On the heels of Option ARMegeddon's recent article about MBA's financial difficulties, we learn today that President and CEO Jonathan L. Kempner is resigning.
In joint press releases today, the Mortgage Bankers Association announced Kempner's resignation to be effective 2008-12-31. Former MBA chairman John A. Courson will assume the role of CEO on 2008-08-01, and will become the organization's President as of 2009-01-01.
Use the following links to view the MBA press releases. Click the "original article" link below to read the Option ARMegeddon blog post.
"MBA’s Kempner Announces His Departure"
"MBA’s Quinn Announces John A. Courson to be Chief Operating Officer"
original article | permalink to this page | forum thread
Comments:
Aaron at 19:55 2008-07-22 said:
Just to add some color to this: Head of Mortgage Bankers Association to resign"I'm confident that I'll land in something equally exciting," he said, noting that in the real estate industry, "I think it's fair to say that I have one of the plumpest rolodexes in town."Permalink
Aaron at 19:58 2008-07-22 said:
ML-implode profile on Central Pacific (#29 implode) and Courson Permalinkmdaccess at 23:06 2008-07-22 said:
Fundamental Mortgage....? Central Pacific Mortgage....? Weren't these companies in "crash and burn" mode at the end? Didn't one bankrupt and the other implode leaving its branches with questionable accounting issues? Wow! Now he's a Chief Operating Officer for MBA. Don't they check out the people supposed to be our leaders? Maybe that's not how the game is played. Wow! PermalinkGrantHandH at 20:14 2008-07-25 said:
I saw this article in the Washington post. The MBA is announcing that they will have John A. Courson as the new Chief Operating Officer. In my opinion this type of person is the basis for the degradation of the Mortgage Industry. I was with his company, Central Pacific Mortgage for four years up to where he gave his entire company the Kiss-Off memo. After years of making millions and perhaps billions in the mortgage business he closed the door leaving his entire company without their last pay check. Loyal hard working loan officers and support staff some of whom are single parents were left penniless at the worst time in the history of the mortgage business. I'm personally sitting on a judgment award issued by the Labor Commissioner of the Sate of California in the amount of $5,650.41 and when I attempted to collect on the judgment my correspondence was never replied to. How people like John A. Courson remain in responsible position in the mortgage industry is beyond me but this caliber of person is the reason some good people are homeless today. The MBA is making this man the C.O.O.???? In my opinion he should be in jail. Permalinkadd a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
