Oneof our own has been confirmed as Assistant Secretary for Housing at
HUD. Always good to have somebody on board who actually knows what’s
On July 15, 2009, David H. Stevens, former President and Chief Operating Officer of the Long and Foster Companies, was sworn in as Assistant Secretary for Housing/Federal Housing Administration (FHA) Commissioner at the Department of Housing and Urban Development (HUD). President Obama’s pick for the position, Mr. Stevens was strongly endorsed by NAR and will oversee HUD’s major housing programs and the FHA mortgage insurance fund. He will also administer important regulatory programs such as RESPA.
Secretary Donovan said “David Stevens is an innovator in the housing industry and he is the right person to lead FHA as it continues to help hundreds of thousands of families finance their homes with lower rates and better terms. David’s knowledge in real estate, housing and the mortgage industry will help us overcome the current challenges we face, he will implement changes that protect FHA and will enhance its risk management capabilities to protect its future viability.”
To see NAR President Charles McMillan’s statement on Stevens’ confirmation, please visit REALTOR.org: http://www.realtor.org/press_room/news_releases/2009/07/stevens_confirmation?lid=ronav0022.