FHA Hires Wells Wholesale Executive to Run Single-Family Program

Vicki Bott has left Wells Fargo Home Loans to run the Federal Housing Administration's single-family program, according to industry sources. The new deputy assistant secretary began working at the Department of Housing and Urban Development on Monday after moving from Austin, Texas. Ms. Bott was a senior vice president for national sales at Wells Fargo Wholesale Lending. She will report to FHA commissioner David Stevens. Wells is one of the nation's largest FHA funders. In other personnel news, the Mortgage Bankers Association has hired Tom Koonce to manage the trade group's day-to-day lobbying efforts on Capitol Hill. A former lobbyist for the Independent Insurance Agents and Brokers of America, Mr. Koonce previously served as legislative director for Rep. Brad Miller, D-N.C., who has sponsored several anti-predatory lending bills.