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MBA Chief Economist to Retire

Jay Brinkmann, chief economist of the ""Mortgage Bankers Association"":http://mba.org/default.htm (MBA), has announced that he will retire in early 2014.

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""Having the opportunity to work for the mortgage industry through all of the changes of the last 13 years, not to mention becoming MBA's chief economist at the onset of the recession, has been a tremendous but exhausting experience,"" Brinkmann said. ""My wife Nancy and I own an historic old home in New Orleans and we have decided that the time has come to relocate down there on a more full-time basis to be closer to family, especially our new grandson, and to see if we still remember how properly to boil a pot of crawfish. I am looking forward to seeing what it is like to trade the sturm

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und drang of daily life in Washington for the luxury of reading the Wall Street Journal on my front porch while the streetcars roll by.""

Brinkmann joined the MBA in 2001 and served as its chief economist since 2008.

""Jay's knowledge and experience have gained him a well-earned reputation in the industry and in Washington,"" said MBA CEO David Stevens. ""We at the MBA will miss his many contributions as well as his humor. Something tells me that he will not be sitting on his New Orleans porch watching streetcars for long and that we will see him back involved in the industry in some capacity. In the meantime, I hope to be able to announce Jay's successor in a few weeks so we can begin the transition process.""

Upon announcing his retirement, Brinkmann made a point to thank several of his colleagues specifically.

""I want to thank three people who have been my principal deputies for most of the time I have been here, Marina Walsh, Jamie Woodwell and Mike Fratantoni,"" Brinkmann said. ""Each has expertise that is of tremendous value to the industry and their hard work has made my job immensely easier. I also want to say what a great pleasure it has been to work with Dave Stevens since he arrived on the scene. His energy, insights into the mortgage business, and access to the highest levels of government and our member companies have gone a long way to restoring the reputation and effectiveness of the MBA in working on behalf of our members.""

About Author: Hugh Moore

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