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Press Release

July 30, 2008 - Mortgage Bankers Association of America

James P. Gross Joins MBA as Associate Vice President of Accounting, Tax and Bank Regulation

The Mortgage Bankers Association (MBA) today announced the appointment of James P. Gross as Associate Vice President of Accounting, Tax and Bank Regulation. In this capacity, he will help develop and implement MBA's strategy on legislative, regulatory and industry issues in the areas of accounting and tax policy and bank regulatory capital. He will also be the staff representative to MBA's Financial Management Committee.

'MBA is very fortunate to welcome Jim to our Government Affairs staff,' said Jonathan L. Kempner, MBA's President and Chief Executive Officer. 'His thorough understanding of financial management and accounting standards and his years of active participation on our Financial Management Committee will allow him to step right in and hit the ground running. He will be an invaluable addition to our policy team.'

Gross has over 20 years of experience working in accounting and tax policy in the industry including ten years of Big 4 accounting experience. He has previously served as the Chief Financial Officer (CFO) for NetBank, Inc., an internet-only bank for which he designed and built net value added internal reporting systems for two mortgage production units, a loan servicing operation and an on-line commercial bank. He has also served as CFO or Controller for a number of small and mid-size banks and major mortgage banks.

Gross earned his Bachelor of Arts degree from Ohio Wesleyan University, a Masters of Business Administration from Rutgers University, and he received a Certified Public Accountant license from the State of Ohio.

Gross takes the accounting policy reins at MBA from Alison Utermohlen, who is retiring from the Association after 20 years of serving MBA members.

Mortgage Bankers Association of America by John Mechem, Washington-District of Columbia