MBA CHIEF ECONOMIST JAY BRINKMANN TO RETIRE IN EARLY 2014

WASHINGTON, D.C. — The Mortgage Bankers Association (MBA) has announced that MBA’s chief economist Jay Brinkmann will be retiring in early 2014. Brinkmann has been with MBA since 2001 and has served as the association’s chief economist since 2008. “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,” said Brinkmann. “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 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.”