The Mortgage Bankers Association is pleased to announce that David H. Stevens has agreed to stay on as President and CEO. Recently, Stevens indicated he planned to leave the association in order to accept a position at SunTrust Mortgage, a long-standing active MBA member.
Over the past several weeks, MBA’s leadership, members and staff impressed upon Dave the important role he was playing for the industry and his unique qualifications to lead the association. "The importance and significance of MBA's voice during this critical time coupled with Dave's experience and talents encouraged us to do all we could to retain him,” said MBA Chairman Michael W. Young.
"The past few weeks have been extremely difficult for me personally and professionally. After serious thought and consideration, I simply cannot leave the MBA at such a critical time for the industry and the association." Stevens said. "Frankly, at the end of the day, stepping away now when so much progress is being made and so much still left to be done, did not feel right."
"The officers and management of MBA could not be more pleased and supportive of Dave's decision to stay." said MBA Chairman-Elect, Debra W. Still. "Dave’s leadership and influence over the past year have been invaluable to our members and our industry. We are all looking forward to continuing the good work and forward momentum of the MBA with Dave at the helm.”
“Going through this experience left me encouraged by the tremendous opportunity that lies within our industry and reinforced the essential component mortgage finance will continue to play in helping our nation’s economy recover.” Stevens noted.