After months of speculation, the Mortgage Bankers Association has found a replacement for its departing iconic leader. The new chief is a seasoned executive with an Ivy League education.

Back in October 2017, the Washington-based association revealed that David H. Stevens, its president and chief executive officer, will leave in September of this year.

Stevens, who came from his Obama administration post as Federal Housing Commissioner, bridged the gap between the conservative-leaning MBA and the liberal Obama administration.

Source: Mortgage Daily