Jonathan Kempner, president and chief executive officer of the Mortgage Bankers Association (MBA), will be stepping down on Dec 31, according to an MBA release.
Kempner has spent seven years at the association, leading it through a turnaround in its operations after three particularly rough years.
MBA Chairman Kieran Quinn has named John Courson chief operating officer during the transition period, effective Aug. 1. Courson will assume presidency of the MBA on Jan 1.
Courson served as MBA chairman in 2003 and as a member of MBAs Board of Directors, the Residential Board of Governors (Resbog) and the Commercial Real Estate/Multifamily Finance Board of Governors (Combog). He has previously served as chairman of Resbog, MBAs legislative steering committee, Morpac, MBAs state and local liaison committee as well as MBA's mortgage reform task force.
He has also served as president of the California Mortgage Bankers Association and Michigan Mortgage Bankers Association, and as a director of the Texas Mortgage Bankers Association.