“Over the past 15 years, MBA has become one of the most trusted sources of economic analysis on the housing industry.  Doug Duncan has been a major reason why.  With his balanced and level-headed approach, Doug has become a household name for anyone trying to understand the dynamics of the real estate market.  For that reason, he will of course be sorely missed.

“However, over those 15 years, Doug has built a smart and talented team that has driven MBA’s growth and success in the data and research field.  They have my full confidence and I don’t expect MBA to miss a beat while we search for a successor.

“Personally, I am very excited for Doug and this new opportunity.  At the same time, I lament losing his expertise and counsel on which we have come to rely.  But MBA’s loss is Fannie Mae’s gain, and I am buoyed by the fact that America’s housing industry will continue to benefit from Doug’s talents.”

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.