David Stevens
CEODavid Stevens is the CEO of Mountain Lake Consulting. He is the former CEO of the Mortgage Bankers Association and a former FHA commissioner.
David Stevens is the CEO of Mountain Lake Consulting. He is the former CEO of the Mortgage Bankers Association and a former FHA commissioner.
Policymakers are all too quick to categorize IMBs as financially risky institutions; making them easy targets for stricter - and unnecessary - federal oversight and regulatory efforts, Stevens and Olson argue.
Should the Federal Reserve step back into the market and restart their loan purchase activity?
Down payment assistance programs remain an important tool for increasing minority homeownership, but especially more so because of the pandemic.
Proponents of "recap and release" misread the political risks and the depth of interest that key lawmakers have in determining the long-term future of Fannie Mae and Freddie Mac.
The Federal Home Loan Bank system is not a private country club and shouldn't be operating as one. Captive insurance companies represent new potential to expand homeownership opportunities for credit-worthy borrowers.
The Federal Housing Finance Agency wants to exclude mortgage REITs from membership in the Federal Home Loan Banks. That would be a major setback for the entry-level borrowers who depend on mortgage REITs for sustainable home-financing options.
Fannie Mae has entered into deals with JPMorgan Chase and other companies that transfer some of the credit-loss risk on mortgage-backed securities to investors. Not only do these deals reduce the danger that taxpayers could be forced to cover the GSEs losses, they may help make mortgages more affordable.