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Mortgage bankers selling headquarters

In an Oct. 27 letter to members, Mortgage Bankers Association President and CEO John A. Courson announced the group will sell its 170,000 square-foot headquarters building at 1331 L St., NW in Washington, D.C.The letter said the decision to jettison the property was made “after thoughtful deliberation” and that the board is in “complete agreement that a sale … is the best course for MBA.” MBA Senior Vice President of Communications Cheryl Crispen told CEO Update the economic recession and the current leasing environment led the group to conclude “it was not financially in the best interest of the MBA to continue ownership.” Despite the difficult economic environment,… Read More