Sunday, March 22, 2009

FHA Commissioner Nominee to be Former Freddie Exec?

WaPo says HERE that it will be David Stevens. From story:

He..." began his career at World Savings Bank, a California savings and loan, where he worked on the banking and mortgage side of the business and left as senior vice president after 16 years there.

He was recruited by Freddie Mac, where he worked from 1999 to 2005 also as a senior vice president running the single-family business and regularly negotiating contracts and interacting with all lenders who did business with the firm.

From there he went to Wells Fargo Home Mortgage, where he was a vice president in charge of the side of the business that dealt with mortgage brokers.

Stevens joined Long & Foster in 2006 to lead its affiliated businesses, including the mortgage, title and insurance divisions before he was promoted to president and chief operating officer in October. "

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