“We are the first to acknowledge that the end is not in immediate sight.” Those are the words of Jonathan Kempner, CEO of the Mortgage Bankers Association, on the credit crunch and lending crisis that continues to roil the mortgage and banking industry. He’s an association CEO in the midst of a real-time industry crisis, where depressed economic indicators and the rise in home foreclosures across the country tell the story of an industry fallout that hasn’t hit rock bottom yet. And if MBA’s members are looking for the positive spin on the story or the uptick buried in mounds of bleak forecasts and data, Kempner, once the chief booster of his trade group, offers little… Read More