MBA Promotes Regulatory Expert to VP

David Stevens, president and CEO of the ""Mortgage Bankers Association"":http://www.mortgagebankers.org/default.htm (MBA), announced the promotion of Kenneth Markison, Esq., to VP and regulatory counsel.

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In his new role, Markison will lead and manage MBA's public policy initiatives around residential loan production, legal issues, and regulatory compliance. He was previously assistant VP and regulatory counsel for the association.

Markison joined MBA in 2004 after a 32-year career in the federal government. When he started with the association, he served as senior director and regulatory counsel, where he focused on a wide variety of legal and [COLUMN_BREAK]

regulatory compliance issues in the residential mortgage space. In the last several years, he has acted as the group's point person for regulatory efforts on mortgage disclosure reform under the Real Estate Settlement and Procedures Act (RESPA) and the Truth in Lending Act (TILA) as well as other regulatory movements.

Markison's work for the government included a stint as assistant general counsel for government sponsored enterprises/RESPA in the Office of General Counsel at HUD. During his time there, he was a principal architect of HUD's 2002 proposed RESPA Reform Rule as well as the agency's Fannie Mae and Freddie Mac regulations. He also represented HUD on the staff of the Oversight Board for the Resolution Trust Corporation.

""MBA and its members are very fortunate to have someone with Ken's depth and breadth of knowledge working on their behalf,"" Stevens said. ""Ken's understanding of the mortgage regulatory landscape, and how new rules and regulations will impact operations of MBA member firms, is without peer.

""Given all the regulatory changes our members face in the ongoing implementation of the Dodd-Frank law, Ken's expertise and leadership is more important than ever.""