MBA Taps NMHC's Kempner for EVP
The Mortgage Bankers Association of America has picked Jonathan L. Kempner, chairman of the National Multi Housing Council, to be its new executive vice president in charge of day-to-day operations. Mr. Kempner, who headed the NMHC for 14 years, is expected to take the EVP mantle sometime this spring. The council represents owners of market rate multifamily housing units. (Late last month, National Mortgage News reported that Mr. Kempner was the leading candidate for the MBA job.) He replaces Paul Reid, who left the MBA under pressure last June. One trade association official described Mr. Kempner as a "good manager and aggressive marketer" who built the NMHC into "a formidable organization." Mr. Kempner will take control of the MBA amid rampant industry consolidation and political/business unrest concerning Fannie Mae and Freddie Mac. Although lenders are enjoying what could turn out to be their second-best year ever -- or maybe even best -- in terms of loan volume, there is continued griping from some sectors of the industry concerning "charter creep" at the government-sponsored enterprises and alleged bullying by the two in regard to certain business partners. Fannie and Freddie have denied that they bullied or threatened any business partners.