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Long & Foster President Nominated for FHA Commissioner & HUD Secretary for Housing

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RISMEDIA, March 25, 2009-P. Wesley Foster, chairman and CEO of The Long & Foster Companies, announced that Long & Foster president and COO David H. Stevens has been nominated by President Barack Obama to serve as Federal Housing Administration Commissioner and Assistant Secretary for Housing.

Before joining Long & Foster, Stevens served as executive vice president at Wells Fargo Home Mortgage and senior vice president of the single family business at Freddie Mac.

David H. Stevens

David H. Stevens

“Dave is an excellent choice for this position,” said Foster. “The FHA has taken on a critical role in the mortgage sector. Dave’s background, leadership skills and insight into the industry will be vital assets for this new role.”

“While we are very sad to see him go, he has an opportunity to do more for the real estate industry as a whole through FHA,” Foster explained. “I am confident that Dave will be beneficial in turning around this housing crisis.”

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