Other new appointments include Michael W. Young, chairman of the Board of Cenlar, who was elected as MBA vice chairman; and Robert E. Story, president and CEO of Seattle Financial Group, as chairman of MBA. Berman, Young and Story will serve for the 2009-2010 membership year.
Berman currently serves as chairman of MBA's Council on Ensuring Mortgage Liquidity, and sits on MBA's Board of Directors and the National MultiHousing Council Board of Directors. He has also served on MBA's Commercial/Multifamily Board of Governors; on the Fannie Mae DUS Advisory Council; the Council to Shape Change and chaired MBA's Strategic Planning Committee.
Young is a former member of MBA Board of Directors and currently sits on the Council on Ensuring Mortgage Liquidity; he's also served on MBA's Residential Board of Governors and its Strategic Planning Committee.
MBA has also elected its Board of Directors for the 2009-2010 membership year. The board consists of 20 elected members; three are from the Commercial Real Estate/Multifamily Finance Board of Governors, six are from the Residential/Single-Family Board of Governors, five are members at large, one is an associate member and one represents state and local mortgage banker associations. The newly elected members of MBA's Board of Directors are Gary Acosta, Prado Mortgage; E. Todd Chamberlin, Regions Financial Corp.; Henry V. Cunningham, Jr., Cunningham & Co.; Tari L. Flannery, M&T Realty Capital Corp.; Rodrigo Lopez, Amerisphere Multifamily Finance; Samuel B. Morelli, Eagle National Bank; Joseph A. Splendido, Colonial Mortgage Service Co.; and Michael W. Young, Cenlar FSB.
MBA, of course, is a stalwart in the real estate industry, serving many roles for the community. In the last two years, though, its lobbying efforts within the government have been highlighted more than any other role it plays. Earlier this year, for instance, it rolled out a significant proposal to create a new line of mortgage-backed securities backed by a new form of government guarantee, while realigning the GSEs Fannie Mae and Freddie Mac. MBA did not return a call to GlobeSt.com in time for publication.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
