Former CEO and president will be sorely missed
The Mortgage Bankers Association (MBA) has announced the unexpected passing of David H. Stevens, its former president and chief executive officer.
The industry legend’s eight-year spell at the MBA helm, between 2011 and 2018, followed a hugely successful career in the real estate and mortgage finance sectors that included prominent leadership positions at Freddie Mac, Wells Fargo, and Long & Foster.
Stevens also served as assistant secretary of housing – federal housing commissioner at the Department of Housing and Urban Development under President Obama immediately prior to joining MBA, and joined financial services consulting firm Mountain Lake Consulting after retiring from the association.
MBA’s current president and CEO Bob Broeksmit said in a statement that the real estate finance community was mourning the loss of one of its “great leaders and fiercest advocates.”
“Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA commissioner during and immediately after the 2008 financial crisis and then as president and CEO of MBA, where he was instrumental in rebuilding our organization and leading the industry out of the Great Recession,” Broeksmit said.
He said those who worked with Stevens at MBA would remember him as a great mentor, boss, and friend. “He was quick with a joke, sometimes at his own expense, and truly cared about those he worked with and those who worked for him,” he said.
Stevens and his wife Mary played a significant role in the creation of the MBA Opens Doors Foundation in 2011, Broeksmit added, helping over 16,000 families with crucially ill or injured children stay in their homes during their children’s treatment.
“Dave’s sincere belief in the value and benefits of sustainable homeownership led him to a career dedicated to making the American Dream achievable for more Americans,” he said.
“He had endless energy to engage in the fights that needed fighting to ensure that the industry could safely served qualified low- and moderate-income and first-time homebuyers. He was an outside-the-box thinker when it came to trying to solve some of the industry’s greatest challenges.”
The team at Mortgage Professional America sends its deepest condolences to David’s wife, family, and loved ones on their loss.
