Multi-Housing Executives Update: MBA Appoints Jay Brinkmann as Chief Economist, and Other Moves
- Aug 29, 2008
By Anuradha Kher, Online News EditorWashington, D.C.–The Mortgage Bankers Association (MBA) recently named Jay Brinkmann (picturedleft) as chief economist and senior vice president for research and economics. Brinkmann has been with the MBA since 2001 and has served as the organization’s vice president of research for most of that period.”When the position first became vacant last March, Jay suggested we conduct a national search to find an ideal candidate,” says John A. Courson, MBA’s chief operating officer. “After months of interviewing many well-qualified candidates, it became apparent that the best candidate already worked at MBA and we approached Jay to take the job.” “Jay brings a unique set of qualifications to the position that will serve the mortgage industry well,” says Courson. “Beyond having a firm grasp of the fundamental drivers of the economy and the real estate industry, both single-family and commercial/multifamily, Jay has an intimate knowledge of mortgage company business operations and business models. And perhaps most importantly, Jay’s background in finance brings a capital markets perspective to the position that will be invaluable to the industry as we work through the challenges now facing the secondary markets.” Prior to joining the MBA, Brinkmann worked for Fannie Mae in the portfolio strategy and credit pricing areas.Fannie Mae Replaces CFO, Expands Role of VP Capital Markets Washington, D.C.–The Government Sponsored Enterprise, Fannie Mae has replaced its chief financial officer, Stephen M. Swad, and vice president for capital markets, Peter S. Niculescu, will take on an expanded role. He will now run three divisions: single-family mortgage guaranty, capital markets, and housing and community development.Swad joined the company only a year ago. In addition, Robert J. Levin, Fannie Mae’s chief business officer, is retiring and that Enrico Dallavecchia, the chief risk officer, is stepping down.Daniel H. Mudd, the chief executive, will remain and has the confidence of directors.AMCAL Hires Two For Homebuilder’s TeamAgoura Hills, Calif.–AMCAL Multi-Housing Inc. has hired an acquisitions manager and construction manager both based in AMCAL’s corporate office in Agoura Hills, Calif.As acquisitions manager, Frank Chang is responsible for the due diligence, feasibility and escrow coordination processes of multifamily residential development projects throughout California. Prior to joining AMCAL, Chang served as vice president of acquisitions and development for Enhanced Affordable Development. As construction manager, John O’Neil will oversee all stages of construction for Los Vientos, a family affordable development located in the Barrio Logan neighborhood of San Diego. O’Neil previously worked for Intracorp in Los Angeles, where he was involved in the completion of two high-rise condominiums towers in Long Beach.“As AMCAL continues its expansion throughout the state, it is important to have a strong team to support our efforts,” says AMCAL President and CEO Percival Vaz.