After leading efforts to put the Federal Housing Administration (FHA) back on more stable footing, as well as overseeing and managing the Office of Manufactured Housing, FHA Commissioner Dave Stevens will be leaving his position at the U.S. Department of Housing and Urban Development (HUD) in mid-April to return to the private sector. During his tenure, Commissioner Stevens created and built a Risk Management office in FHA, the first in FHA’s history; strengthened the FHA’s MMI Fund; and modernized FHA’s programs and policies. Also during his tenure, the FHA Title I reforms were fully implemented, and the Ginnie Mae moratorium on Title I issuers was lifted. Commissioner Stevens was a friend to the manufactured housing industry, and we wish him well in his future endeavors.

HUD Secretary Shaun Donovan and the Office of Housing will announce next steps in the weeks to come. MHI will monitor developments closely on who will be appointed as the next FHA Commissioner.

Source: Manufactured Housing Institute (MHI)