Skip to main content

David H. Stevens Joins REIT Board

Phil Hall
Jan 04, 2019
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, the former President and CEO of the Mortgage Bankers Association (MBA), has entered 2019 with a new gig: he was elected to the Board of Directors of Dynex Capital Inc., a real estate investment trust (REIT) based in Glen Allen, Va.
In order to accommodate Stevens, Dynex Capital amended its bylaws to increase the number of directors from five to six. Stevens was also appointed to the Board’s Investment Committee. This is Stevens’ first professional endeavor since stepping down from the MBA leadership last fall.
“It is with great pleasure that we welcome David to the board,” said Michael R. Hughes, Dynex Capital’s Chairman of the Board. “He brings an important skill set to our board with his broad and unique career experiences, combining significant knowledge of real estate finance, mortgage banking and public policy related to the U.S. housing finance system accrued over more than 35 years.”

Jan 04, 2019
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023
If You Build It, They Will Come

Ratings will go a long way toward growing the market for home equity-backed securities

Sep 07, 2023
Investors May Be Losing Interest In The Single-Family Rental Market

Rise in interest rates, drop in values have them pulling back in certain regions

Sep 07, 2023