Derrick D. Cephas, the former top mortgage regulator in New York State, has been elected to the board of directors of the Housing Partnership Development Corp.
Cephas is currently a partner at Weil, Gotshal & Manges LLP, where he heads the law firm's financial institutions regulatory practice group and is a member of its financial regulatory reform working group.
In 1991, then-Gov. Mario Cuomo appointed him as superintendent of banks, a role in which he also oversaw the mortgage industry. He served in that position until 1994.
Prior to joining WGM, Cephas served as president and chief executive of
The Housing Partnership Development Corp. is an intermediary for the development of new and rehabilitated affordable housing on both public and private sites.
