John Kendall recently rejoined the team at Mason Street Advisors, taking up a position in its non-agency mortgage group, according to market sources. Kendall worked at Mason Street up until four years ago, when he left to join Fieldstone Mortgage Investment Corp. In his last position there, he was a highlevel executive. Fieldstone Mortgage declared bankruptcy and went out of business amid the volatility that uprooted the subprime mortgage market.

Mortgage Bankers Associa-tion Chief Economist Douglas Duncan will be leaving the mortgage industry trade group for Fannie Mae. In a statement late Tuesday, Jonathan Kempner, president and CEO of the MBA, commented on Duncan's departure. Duncan announced last Tuesday that he has accepted an offer to be vice president and chief economist at the GSE. "Personally, I am very excited for Doug and this new opportunity," Kempner said. "At the same time, I lament losing his expertise and counsel on which we have come to rely. But MBA's loss is Fannie Mae's gain, and I am buoyed by the fact that America's housing industry will continue to benefit from Doug's talents." The chief economist has been with the MBA since 1992. Before joining the MBA, Duncan was a LEGIS fellow with the U.S. House of Representatives Committee on Banking, Finance and Urban Affairs. Duncan will be replacing David Berson, who left Fannie Mae for PMI Group last September.

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