FHA Nominee David Stevens Remains in Limbo

David Stevens' nomination to head the Federal Housing Administration is still in limbo. The Senate — which returns on Monday — left town for the Memorial Day recess without acting on his confirmation. Senate Banking Committee leaders are trying to sort out issues involving alleged RESPA violations by his former employer — the real estate brokerage firm of Long & Foster. Just before the recess, committee leaders were unsure whether they would be able to act on Mr. Stevens' appointment. Mr. Stevens managed Long & Foster's affiliated mortgage, insurance and title company unit. He is a former Freddie Mac and Wells Fargo Home Mortgage executive. Housing secretary Shaun Donovan still wants Mr. Stevens to run FHA and his supporters are hoping the nominee will be confirmed by the July 4th recess.