Long & Foster prez (probably) tapped to run FHA

Grats, David!David Stevens, president of Long & Foster (and VAR member, of course) looks to be the Obama administration’s choice to head the Federal Housing Administration.

We say "looks to be" because the White House hasn’t confirmed it and Stevens ain’t talking "until the White House does." But the Washington Post got a tip from an anonymous source, so there’s good reason to think it’s gonna happen.

Stevens has been a banker, then worked for Freddie Mac, then Wells Fargo (a "brief stint") and then joined Long & Foster in 2006.

Heck, why reinvent the wheel. Check out the Post article (which, by the by, incorrectly identifies Long & Foster as a "Washington Real Estate firm," when in fact it’s a Virginia company).

If confirmed by Congress, Stevens would be the only FHA commissioner in recent years with a strong background in single-family home mortgages. After more than two decades in the financial services industry, Stevens has overseen every aspect of home financing, from originating mortgages to selling them on the secondary market. That experience appealed to the administration, the sources said.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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2 Responses to Long & Foster prez (probably) tapped to run FHA

  1. President Obama is doing a good job in taking his time to find qualified persons with real time experience in their designated areas. Stevens will be a good appointment if it comes to be.

  2. eliot says:

    I didn’t think he was a realtor.

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