Stevens to Stay at MBA

Stevens to Stay at MBA

Washington, DC – July 2, 2012 – (RealEstateRama) — The Mortgage Bankers Association is pleased to announce that David H. Stevens has agreed to stay on as President and CEO. Recently, Stevens indicated he planned to leave the association in order to accept a position at SunTrust Mortgage, a long-standing active MBA member.

Over the past several weeks, MBA’s leadership, members and staff impressed upon Dave the important role he was playing for the industry and his unique qualifications to lead the association. “The importance and significance of MBA’s voice during this critical time coupled with Dave’s experience and talents encouraged us to do all we could to retain him,” said MBA Chairman Michael W. Young.

“The past few weeks have been extremely difficult for me personally and professionally. After serious thought and consideration, I simply cannot leave the MBA at such a critical time for the industry and the association.” Stevens said. “Frankly, at the end of the day, stepping away now when so much progress is being made and so much still left to be done, did not feel right.”

“The officers and management of MBA could not be more pleased and supportive of Dave’s decision to stay.” said MBA Chairman-Elect, Debra W. Still. “Dave’s leadership and influence over the past year have been invaluable to our members and our industry. We are all looking forward to continuing the good work and forward momentum of the MBA with Dave at the helm.”

“Going through this experience left me encouraged by the tremendous opportunity that lies within our industry and reinforced the essential component mortgage finance will continue to play in helping our nation’s economy recover.” Stevens noted.

###

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mortgagebankers.org.

SHARE
MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

Previous articleFTC Wins $2.6 Million Court Judgment Against Operation That Made Exaggerated Claims for Mortgage and Foreclosure-Relief Services
Next articleMBA: First Quarter Mortgage Banker Production Profits Improve