WASHINGTON, D.C. – March 31, 2011 – (RealEstateRama) — John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Thomas T. Kim as Vice President of Commercial Regulatory Policy.
“Tom is uniquely qualified to help craft MBA’s commercial policy, as well as help navigate our industry through the seemingly constant regulatory changes,” said Courson. “He joins us at a most crucial time in our industry’s history, as we work through the implementation of the Dodd-Frank Act and other critical regulatory changes. We are thrilled to have Tom coming on board at MBA.”
Kim is joining MBA from the Federal Home Loan Mortgage Corporation (Freddie Mac), where he served as Associate General Counsel. In this role, he advised the company on a broad range of regulatory and public policy matters, including regulatory and policy aspects of multifamily loan purchase and securitization transactions. Prior to Freddie Mac, Kim served as in-house counsel on legislative, regulatory and financial services policy matters at the Investment Company Institute, the national trade association of the mutual fund industry. In his new role at MBA, Kim will manage all activities relating to commercial regulatory issues, will serve as the staff representative to the Commercial Risk Retention Task Force, and will advance and promote commercial policy with a focus on federal financial regulatory reform and bank oversight.
Kim holds B.A. degrees from University of California, Irvine, a J.D. degree from University of California, Los Angeles School of Law, and an LL.M. degree from Georgetown University Law Center. He will begin on April 14 and will report to MBA’s Senior Vice President of Commercial and Multifamily, Gail Cardwell.
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.