The Department of Housing and Urban Development late Wednesday named former Freddie Mac executive Robert C. Ryan acting commissioner of the Federal Housing Administration, replacing the departing David Stevens.
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Ryan joined the agency in 2009 and is its chief risk officer. He worked at Freddie for almost three decades.
"He starts [as commissioner] straight away," said a HUD spokesman. Ryan will not need Senate confirmation unless the White House decides to name him the permanent FHA commissioner.
A few weeks ago Stevens accepted a position as president of the Mortgage Bankers Association.
