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MBA Announces Appointment of Peter Grace to be Vice President, Strategic Planning and Internal Technology

WASHINGTON, D.C. – January 26, 2012 – (RealEstateRama) — David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Peter J. Grace to be MBA’s new Vice President of Strategic Planning and Internal Technology. Mr. Grace will facilitate the implementation of strategic initiatives through a coordinated project management and leadership role. Mr. Grace will manage cross-functional alignment on strategic initiatives that include broad membership engagement and coordination. He will also be responsible for managing MBA’s internal technology activities.

Mr. Grace joins MBA from the U.S. Department of Housing and Urban Development (HUD), where he most recently served as Chief of Staff for the Acting Deputy Secretary Estelle Richman on matters related to the management of HUD. He provided leadership on HUD’s Transformation Initiative, a multiyear, multifaceted organizational change program.

“Peter brings to MBA significant experience in strategic planning and execution,” said Stevens. “As MBA implements its new strategic operating plan to provide member value and enhance its industry leadership, Peter will play a key role facilitating cooperation and engagement of internal and external stakeholders to achieve MBA’s priorities and objectives.”

While at HUD, Mr. Grace also served as Director in the Office of Strategic Planning and Management where he was responsible for the development and execution of HUD’s 2010-2015 Strategic Plan and implementation of the department’s $13.6 billion in economic stimulus funding allocated under the American Recovery and Reinvestment Act. Mr. Grace also developed and managed the agency’s Transformation initiative and delivery of HUD’s competitive grant programs.

Prior to joining HUD, he was Associate Commissioner of the Office of Strategic Planning, Technology and Research at the New York City Department of Housing Preservation and Development where he was responsible for facilitating the identification of the agency’s strategic priorities and aligning and executing all program improvement, information technology and research activities with those priorities. Before moving into government, Peter worked at Accenture, a global management consulting, technology services company.

At MBA, Mr. Grace will report to President and CEO David Stevens on internal technology issues and to Chief of Staff Marcia Davies on strategic planning and related execution matters.

Mr. Grace received a bachelor’s degree in mechanical engineering from the University of Notre Dame. He also has a master’s degree in public administration from the Robert F. Wagner Graduate School of Public Service at New York University.

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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.