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Stevens Statement on HUD Leadership Changes

Stevens Statement on HUD Leadership Changes

WASHINGTON, D.C. – March 27, 2015 – (RealEstateRama) — David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement on the transition of Ed Golding to be Principal Deputy Assistant Secretary at the U.S. Department of Housing and Urban Development (HUD).

“Ed Golding is an excellent choice to fill a very critical role at HUD, bringing more than two decades of real-world, operational experience in the mortgage markets. FHA has a number of important items on its plate right now for both single family and multifamily housing finance, and I can’t think of anyone better suited than Ed to lead those initiatives. Ed’s unparalleled knowledge and experience will serve him well as he carries out FHA’s mission to ensure affordable mortgage financing for qualified low and moderate income and first time homebuyers, while at the same time stabilizing and rebuilding the MMI fund.

“I also want to recognize the leadership that Biniam Gebre provided FHA during his tenure as Acting Assistant Secretary. We worked closely with Biniam on several projects and found him to be open, thoughtful and forward-thinking. I am glad to hear that he will be staying at HUD in another capacity because he is an important resource for Secretary Castro.”

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