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Mark J. Riedy, 72, who will retire in January 2015 from his positions as executive director of the University of San Diego's (USD's) Burnham-Hoores Center for Heal Estate (BMC) and the Ernest W. Hahn Professor of Heal Estate Finance, has had a long and distinguished career in the real estate finance industry.

In an August interview with the "San Diego Union-Tribune," Riedy said he had been planning to retire for the past five years, but finally committed to the decision in March.

He earned a Bachelor of Arts degree with highest honors in economics from Doras College in Dubuque, Iowa, followed by an B.B.A. with finance emphasis from Washington University in St. Louis and a doctorate in business economics and public policy from the University of Michigan.

His resume reads like a Who's Who entry (which it actually has been for decades): senior staff economist with President Richard Nixon s Council of Economic Advisers; special assistant to the chairman of the Federal Home loan Bank Board; and vice president and director of research for PMI, a private mortgage insurance company, in the early 1970s. Tice president, chief economist and chief policy adviser to the president at the Federal Home loan Bank of San Francisco from 1973 to 1977. Executive vice president and chief operating officer of the Mortgage Bankers Association (MBA) from 1978 to 1984--at the time of his hiring, the 36-year-old Riedy was the association's sole nominee for the position. President, chief operating officer and director of Fannie Mae for two years; president and chief operating officer of the J.E. Robert Companies from 1987 to 1988; and president and chief executive officer of the National Council of Community Bankers for four years after that.

Over the course of his career, he has served on five public company boards of directors, five private company boards and one nonprofit board. The San Diego chapter of lambda Alpha honored Riedy with its Crystal Globe Award in 2004 for his distinguished career leadership in land economics and real estate."

He founded USD's Burnham-Moores Center for Real Estate in 1993 and was the first person to hold the Hahn chair. In his positions at the university, he developed an extensive range of academic and industry courses, seminars and lecture series emphasizing the important of real estate and real estate finance to the regional and national economies.

"Riedy's outreach and fundraising capacity are unparalleled," stated a Burnham-Moores press release that announced his retirement. "His connections and relationships within the industry helped establish the Burnham-Hoores Center for Real Estate in 2004 as an endowed real estate center.

In his interview with the "San Diego Union-Tribune" in August, Riedy said his future plans were not settled, other than to play more golf and spend time with his wife, Erin. But he told the newspaper he'd also like to help military personnel enter the field of real estate development, whether in school or in industry. "They've earned some special support, and this would take advantage of some of the relationships I've developed around here," he said.

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Title Annotation:dialogue with Mark J. Riedy
Publication:Mortgage Banking
Article Type:Interview
Geographic Code:1USA
Date:Oct 1, 2014
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