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
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024