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[7 May 2011 | 4 Comments | 3,312 views]
Stevens intriguing choice to head up Mortgage Bankers Association

The national Mortgage Bankers Association last month named former Federal Housing Administration (FHA) head David H. Stevens as its chief executive officer – an intriguing choice on at least a few levels.
As the head of the FHA, one of Stevens’ duties was to deal with an issue that has been tossed around a lot over the past few years – risk. In short, is a lender making a good bet a home buyer will pay off a mortgage if that loan is written?
Stevens ought to know a thing or two …