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.