The Mortgage Banker’s Association (MBA) announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

“This has been an extremely intellectually stimulating and rewarding period in my professional life,” said Kempner. “Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society. I am very proud for the extraordinary staff I have helped assemble at MBA, as my colleagues’ dedication, intelligence, and expertise make a true difference in the overall quality of life for many Americans. MBA’s mission, I am convinced, will be enhanced with new leadership, and on a personal level I very much look forward to a new position of leadership myself after nearly eight wonderful years at MBA.”

Kieran P. Quinn, MBA Chairman of the Board of Directors had this to say of Kempner, “Jonathan has been an exceptional leader for MBA. He has led a major transformation in our operations, and put in place a first rate staff that is widely acknowledged to be one of the most effective in the Washington association world. He has poured his heart and soul into MBA with the highest degree of professionalism, integrity, and devotion to our members, and always with a personal warmth and sense of humor. The entire MBA family will miss him.”

Quinn also announced that John A. Courson, former MBA Chairman, will become their COO effective August 1, and will assume the position of President of MBA, effective January 1, 2009.

Quinn said that, “John Courson brings tremendous industry knowledge, business savvy, and political skills to MBA. John has worked tirelessly on behalf of our industry for more than 40 years. He has been an advocate ensuring safe and affordable housing for all Americans and for simplifying the mortgage process. We are lucky to have John join MBA and steer our association to represent the real estate finance industry as we continue to build America’s communities.”

Courson, who currently serves as Chairman of the Board of Directors of the California Housing Finance Agency, served as Chairman of MBA in 2003 and as a member of MBA’s Board of Directors, the Residential Board of Governors (RESBOG) and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).]

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CHENNAI: India Institute of Technology (IITS) have long been recognized as one of the best of our education system and also have the worldwide recognition that the institutions comparable to the best in the world, the vice-president, planning the communication, Montek Singh Ahluwalia said here on Friday.

As graduates of the IITS were well in the USA, the U.S. Congress recently adopted a resolution on the estimation of these institutions, alongside the assessment of contributions by Indian Americans on the U.S. economy .

India is indeed the rate of private savings on a broad basis of the ability of business, commitment to an independent judiciary and respect for accepted standards of accounting had observers suggest that the country has able to achieve a growth rate of over 8 per cent per annum, however, support political measures were available, “said Ahluwalia also the convocation address in IIT.

M.S. Ananth, director of IIT Madras, has been awarded 1134 degrees. Among them, 82 Ph.Ds, 98 MS, 411 M Tech, 37 MBA, MSc 83, 80 and Dual Degree 343 B. Tech.

“These accounts cover a wide range of disciplines and specialties offered by the ten engineering departments, three divisions, the division of management studies and the Division of the Humanities and Social Sciences and Humanities”.

The Chairman, Board of Governors, AE Muthunayagam said the creation of technology park would be a reality, with the government allotting areas related to the IIT.

Among the winners was Arvind Thiagarajan, receive, the President of India and the price by the highest score among CGPA-tech students and pupils in two ways.

The governor, the prize went to Mahesh Krishnamurthi (B. Tech). Karthik Srivatsa (B. M. technology and dual-Tech Degree), Dr. bags Shankar Dayal Sharma, while the price-AVN Ravikanth, the Institute was awarded the Order of Merit.

Finally, there is hope for the leaders, are seeking a level of management, to help them climb quickly heads Corporate. Although the Indian Institute of Management, Calcutta, the former position is not prosecuted Graduate Management Programme (evening) for executives, he now has another year of progress.

In the evening, of course, the demolition of this academic session attended prudent not only for candidates for membership, but also among the graduates, during several meetings with the authorities trying to impress and the need for Course.

The new course is quite different in approach and content compared to the previous and is likely to win the leadership, not only the country but also abroad. While entering all other post-graduate diploma in management programmes IIM-C is the common Admission Test (CAT), under the direction of six IIMS, the program calls for the GMAT. The reason is that foreign students for the course.

In addition, unlike the past, of course, where students could attend the evening classes after hours, it will be a full-time courses, where students are required to make the stay on campus, as d ‘ usually on the other PGP. It is for students to line their current employer or leave their work for the course. The courses of the Institute at the end of the program, but those who took lien on the course are not allowed at the site.

“We are targeting a different group of students from this program. One of the criteria that must be at least five years of professional experience and are in the age group of 28-29 years. rate is contributing, married a lot more students to positions they held before classes. We expect many students from South-East Asian countries, Anup Sinha, dean of programme initiatives said.

The course will begin in December 2006 with 40 students. The student’s income increases, reaching 120. “We are families who need it. That is why we will take some time to increase home, “Sinha added.

A program like this is currently in India by the School of Business, Hyderabad. Apart from IIM Calcutta, IIM Ahmedabad is also planned for courses, although a little earlier in July. The fee for one year, this course has been fixed at Rs 800000 or the equivalent amount in U.S. dollars for foreign students.