Obama Nominates Former Freddie Mac Executive As ‘Housing Commissioner’

March 24, 2009 - 4:00 AM
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Washington (AP) - President Barack Obama has named a former Freddie Mac executive to head the federal housing commission.
 
The White House on Monday named David Stevens as assistant secretary at the Department of Housing and Urban Development. The position requires Senate confirmation and would put Stevens in charge of the government's housing mortgage-insurance program.
 
Stevens now is the head of Long and Foster Companies, a real estate and mortgage firm. He previously worked at World Savings bank and Wells Fargo Home Mortgage.
 
At Freddie Mac, Stevens was a senior vice president in charge of affordable lending, sales and marketing.