Skip to main content

Stevens to Retire From MBA Leadership Role

Oct 25, 2017
The new push by the Trump Administration to bring the government-sponsored enterprises (GSEs) out of their 11-year federal conservatorship could result in some negative impacts on the wider mortgage market, according to an opinion piece by David H. Steven

David H. Stevens has announced that he will retire as President and Chief Executive of the Mortgage Bankers Association (MBA) on Sept. 30, 2018.
 
Stevens joined the MBA in May 2011 after serving as commissioner of the Federal Housing Administration (FHA) during the first years of the Obama Administration and a private sector career where he held senior executive positions in the real estate and mortgage finance sectors. This marks the second time that Stevens announced he was leaving the MBA—one year after taking the reins at the trade group, he announced that would resign to take the job as president of SunTrust Mortgage, only to change his mind two months later.
 
In 2016, Stevens publicly acknowledged that he was diagnosed with prostate cancer. On Monday, he announced that his cancer was in remission during the opening of the MBA’s Annual Convention in Denver. With his retirement announcement, he stressed that he would focus on his health and his family and friends.
 
“This was a difficult decision,” Stevens said. “It's hard to walk away from supporting an industry that shaped my career. It's been an honor to work with talented staff, strong leadership and diverse membership of MBA.”
The search committee to replace Stevens has been formed, with MBA Immediate Past Chairman Rodrigo Lopez as its Chairman.

 
About the author
Published
Oct 25, 2017
Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid mounting pressure, frustration from President Trump

Guild Mortgage To Go Private In $1.3B Deal With Bayview Asset Management

Guild to remain independent post-acquisition, strengthening national retail and servicing strategy

Jun 18, 2025
Rocket Pro And Vetted VA Join Forces

What started as a Facebook group now educates 100K+ veterans monthly — Vetted VA and Rocket Pro working to bring ethics, clarity to a broken system

Jun 17, 2025
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Jun 16, 2025
Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Jun 13, 2025
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next