The Mortgage Bankers Association announced Wednesday that President/CEO David Stevens will be leaving the organization effective June 30 to take a position as president of SunTrust Mortgage.
Atlanta-based SunTrust Bank is a long-standing and active member of the MBA, according to the association’s release.
“Dave has been an exceptional leader for MBA,” said MBA Chairman Michael Young. “Although we are sorry to see him leave so soon, he leaves us well-positioned for the future. Dave delivered on his pledge to enhance MBA’s position as the industry’s leading voice in advocacy, policy, education and research and has developed a dynamic infrastructure for addressing member needs.
“His insights and leadership have demonstrated the importance of having one large platform where the entire industry can come together in an effort to provide a common voice on the critical issues of the day.” Young said. “The MBA, its leadership and members remain steadfast in our focus to bring solutions that will benefit the entire housing market, borrowers and lenders alike.”
Stevens was hired in May 2011 after leaving his position as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration at the U.S. Department of Housing and Urban Development.
Prior to HUD, Stevens held senior executive positions in the real estate and mortgage finance sectors.
Young announced that the MBA’s chief of staff and senior vice president, Marcia M. Davies, will be the interim head of the association. A search for a permanent replacement is under way.