More Leadership trouble at Mortgage Bankers Assoc.

After his resignation, we wrote that his replacement, John Courson, is a doozy. His own firm, Central Pacific Mortgage, went belly up, but not before HUD caught him overcharging customers for credit reports. Sounds like a small issue, though it was big enough that Courson was forced to settle for $85k.

Since taking over at MBA, Courson has been lobbying hard for, among other things, Paulson’s $700 billion bailout package.