David H. Stevens, president and chief executive officer of the Mortgage Bankers Association (MBA), has announced the promotion of Kenneth A. Markison Esq., formerly associate vice president and regulatory counsel, to the position of VP and regulatory counsel. In his new position, Markison will lead and manage MBA’s public policy initiatives around residential loan production, legal issues and regulatory compliance.
“MBA and its members are very fortunate to have someone with Ken’s depth and breadth of knowledge working on their behalf,” said Stevens. “Ken’s understanding of the mortgage regulatory landscape, and how new rules and regulations will impact operations of MBA member firms, is without peer. Given all the regulatory changes our members face in the ongoing implementation of the Dodd-Frank law, Ken’s expertise and leadership is more important than ever.”
Markison joined MBA in July of 2004 as a senior director and regulatory counsel, where he has focused on a wide variety of legal and regulatory compliance issues in the residential mortgage space. In the last several years, he has been MBA’s point person for regulatory efforts on mortgage disclosure reform under the Real Estate Settlement and Procedures Act (RESPA) and the Truth in Lending Act (TILA), the Consumer Financial Protection Bureau’s (CFPB) rulemakings to implement the Qualified Mortgage/Ability to Repay and Loan Officer Compensation regulations as well as other efforts around the Home Ownership and Equity Protection Act (HOEPA) and the Home Mortgage Disclosure Act (HMDA).
Markison came to MBA after a distinguished 32 year career in the federal government, at the conclusion of which he was Assistant General Counsel for Government Sponsored Enterprises/RESPA in the Office of General Counsel at the U.S. Department of Housing and Urban Development (HUD). During his time at HUD, he was a principal architect of HUD’s 2002 proposed RESPA Reform Rule, as well as HUD’s Fannie Mae and Freddie Mac regulations. He also represented HUD on the staff of the Oversight Board for the Resolution Trust Corporation.