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by CareyBot

David Stevens, the former Long & Foster Cos. executive tapped by the Obama administration in 2009 to run the Federal Housing Administration, says he'll be moving on in the next few weeks -- perhaps to head up oversight of Fannie Mae and Freddie Mac, some have speculated.Early in Stevens' tenure, loans that FHA had insured during the housing boom were going bad at a rate that drained capital reserves to below their congressionally mandated minimums.Stevens presided over a slew of changes -- ranging from tightened underwriting standards and oversight of lenders to a restructuring of mortgage insurance premiums -- that auditors said will likely keep the government mortgage insurance program self-sustaining, avoiding the need for a taxpayer bailout."Assuming this position and the chal...