David H. Stevens, a well-respected figure in the mortgage banking industry, sadly passed away at 66. He started his career at World Savings and Loan, where he held important leadership roles.
He went on to make significant contributions at Freddie Mac, Wells Fargo Home Mortgage, and Long & Foster Companies. Stevens was widely acknowledged for his outstanding skills and insights in the real estate and mortgage finance world.
How Did David Stevens Die?
David Stevens passed away unexpectedly at the age of 66 on January 16, 2024. The reason for his death hasn’t been shared publicly. But we do know that Stevens fought against prostate cancer for almost ten years. He shared updates about his cancer treatments at Johns Hopkins University on Facebook for everyone to see.
A Tenure of Transformation at the FHA and MBA
In 2009, during the Obama administration, Stevens was chosen to be the Assistant Secretary of Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development (HUD).
While in this role, he made important changes and plans to guide the FHA (Federal Housing Administration) through the tough times of the Great Recession.
Later on, after leaving HUD, Stevens became the President and CEO of the Mortgage Bankers Association (MBA). During his time there, the MBA improved and played a vital role in helping the industry recover from the financial crisis.
Mortgage Bankers Association shared a post on Facebook and wrote,
“We honor the life and legacy of former MBA President and CEO, David H. Stevens, CMB.”
David Stevens Advocacy and Impact
Stevens wasn’t just a leader; he was a strong supporter of helping American families own homes. He played a key role in starting the MBA Opens Doors Foundation, a charity that assists families with seriously ill or injured children in keeping their homes during tough times.
Besides his work, Stevens was also a mentor and friend to many, inspiring others. He worked towards making it easier for low- and moderate-income households to own homes by supporting policies that lowered barriers.
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David Stevens Final Years and Continuing Influence
After finishing his MBA, Stevens didn’t stop making a difference. He became the CEO of Mountain Lake Consulting, a company that deals with real estate finance.
He kept on being a big influence, often talking about important rules and giving ideas that shaped the future of the industry. People in the business, as well as government officials, regularly asked for his advice.
Remembering David Stevens
People who knew David Stevens remember him as someone special. He was really smart in his job and also very friendly. He left a lasting mark in the mortgage banking industry because of his great ideas, leadership, and strong support for the idea of people owning their own homes.
His death was a big loss for the industry and for those who were close to him. The things he did and the ideas he shared will be remembered for a long time, even by future generations.
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