David Sterns was recently sworn in as the new Assstant Secretary for Housing and the Federal Housing Administration (FHA) Commissioner at the U.S. Department of Housing and Urban Development (HUD). Stevens previously served as the president and chief operating officer of the Long & Foster Companies; Executive Vice President, National Wholesale Manager at Wells Fargo Home Mortgage’s wholesale channel; and Senior Vice President of single family business at Freddie Mac.
In his new role, Stevens will be responsible for overseeing the $600 billion FHA insurance portfolio and HUD’s multifamily subsidized housing program. In addition, he will oversee HUD’s regulatory responsibilities in the areas of the Real Estate Settlement Procedures Act (RESPA), and the manufactured housing industry. Read More…
