MBA Names New Chief Economist

Douglas G. Duncan has been appointed staff vice president/chief economist of the Mortgage Bankers Association of America. He replaces David Lereah, who recently became president of the MBA's new subsidiary, Lender Technologies Corp. Mr. Duncan will be responsible for providing economic and policy analyses in the areas of real estate finance, new mortgage instruments, legislative and regulatory proposals, and industry trends. Since joining the MBA in September 1992, Mr. Duncan has served as director and, most recently, senior director of the MBA's Research Group. His focus has been on creating benchmarking tools for the real estate finance industry, including the MBA Cost of Servicing Study, Information Technology Cost Study, and Peer Group Roundtable Benchmarking Study.