The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association
The plan is designed to reduce taxpayer risk while creating a more competitive secondary market for mortgages
Underwriting standards, minimum down payments remain intact
Bankers group to support charity in 3 new US locations
Arbitrary cutoffs may violate Fair Housing Act
Former Long & Foster exec David Stevens will leave FHA at end of this month
Obama administration issues veto warning
Former real estate brokerage exec helped steer insurance program clear of bailout