The Mortgage Bankers Association is continuing to lose experienced staffers, confirming the departures of senior vice president in charge of commercial/multifamily, Jan Sternin, and one other. Leaving the trade group next week is Chris Oswald, who serves as director of state government affairs. Ms. Sternin will depart by late January. A spokeswoman for the trade group confirmed the departures but said MBA will hire replacements. The trade group, which hopes to turn a profit in the current fiscal year, is in the process of reorganizing parts of its government affairs division. It is in the process of selling its new Washington headquarters building but expects to take a loss on the sale.
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