The Mortgage Bankers Association appointed Jay Brinkmann as its chief economist and senior vice president for research and economics.
Brinkmann has been with the association since 2001 and has served as MBA's vice president of research for most of that period, according to an MBA release.
When the position first became vacant last March, Jay suggested we conduct a national search to find an ideal candidate, said John Courson, MBAs chief operating officer. After months of interviewing many well-qualified candidates, it became apparent that the best candidate already worked at MBA and we approached Jay to take the job.
Jay brings a unique set of qualifications to the position that will serve the mortgage industry well, Courson said. Beyond having a firm grasp of the fundamental drivers of the economy and the real estate industry, both single-family and commercial/multifamily, Jay has an intimate knowledge of mortgage company business operations and business models. And perhaps most importantly, Jays background in finance brings a capital markets perspective to the position that will be invaluable to the industry as we work through the challenges now facing the secondary markets.
Before joining the MBA, Brinkmann worked for Fannie Mae in the portfolio strategy and credit pricing areas.
He was also formerly on the business school faculty of the University of Houston where he specialized in the regulation of financial institutions and teaching commercial bank management after having worked in the commercial lending division of Premier National Bank in Louisiana. He served as the deputy of chief of staff for Louisiana Governor David Treen and was Treens press secretary during Treens years in the House of Representatives.