A month after he announced he will leave the Mortgage Bankers Association, the CEO did an about face and has decided to stay after all.
In announcing his change of heart, David H. Stevens told the National Mortgage Professional magazine, "I simply cannot leave the MBA at such a critical time for the industry and the association. 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."
Earlier, Stevens said he was leaving on June 30 to become president of SunTrust Mortgage.
Stevens was hired in May 2011 after leaving his position as assistant secretary for Housing and commissioner of the Federal Housing Administration at the US Housing and Urban Development Dept. Before HUD, Stevens was a senior executive in the real estate and mortgage finance sectors.
Stevens succeeded John Courson, who had been CEO from 2009 to 2011. Details: www.mbaa.org.