David Stevens nominated for housing assistant and FHA commissionerMortgagePress.comU.S. Department of Housing and Urban Development, David Stevens, Shaun Donovan, Barack Obama, FHA Commissioner
The U.S. Department of Housing and Urban Development (HUD)
Secretary Shaun Donovan has announced that President Barack Obama
nominated David Stevens as Assistant Secretary for Housing and
Federal Housing Administration (FHA) Commissioner.
Stevens currently serves as the president and chief operating
officer of the Long and Foster Companies, which includes Long &
Foster Real Estate and its affiliated businesses, including
mortgage, title, insurance and home service connections.
"The President's swift nomination of David Stevens, an innovator
and single family housing industry leader, shows this
Administration's commitment to moving this country out of the
current housing crisis," said Donovan. "David's depth of knowledge
in real estate, housing and the mortgage industry will help us
transform not only the way HUD does business, but help to transform
the housing market as the FHA's market share continues to grow. He
is an excellent choice to lead the FHA through the current housing
crisis and I am thrilled with his nomination."
Stevens' background also includes serving as executive vice
president, national wholesale manager at Wells Fargo Home
Mortgage's wholesale channel; vice president of single family
business at Freddie Mac; and, a 16-year tenure at the World Savings
Bank, where he began his career. He is also the founding executive
sponsor of the Women's Mortgage Industry Network and while at
Freddie Mac, he coordinated the first Latino joint venture
initiative with Freddie Mac and Latino mortgage industry
Stevens is a graduate of the University of Colorado at
For more information, visit www.hud.gov.