Risk Manager to Run FHA Once Stevens Steps Aside

by devteam April 7th, 2011 | Share

The lending executive who became the firstrnRisk Manager of the Federal Housing Administration (FHA) will now, at least temporarilyrnhead the agency. </p

Robert C. Ryan will become Acting Commissioner of FHA,rnreplacing David H. Stevens.  Ryan willrnalso hold the title of Assistant Secretary of the Department of Housing andrnUrban Development.  Any permanent appointmentrnthe position is subject to confirmation by the U.S. Senate.</p

Ryan joined FHA on October 26, 2009 at a time whenrnit was facing unprecedented delinquencies and its capital reserves had fallen to 0.53 percent of totalrninsurance in force, significantly below the two percent level it is required byrnCongress to maintain. Ryan was responsible for establishing a new office withinrnFHA to oversee its credit risk management functions.  The office expanded the agencies capacity tornassess financial and operational risk, perform more sophisticated data analysisrnand respond quickly to changes in the market. rn</p

Prior to joining FHA Ryan held several senior executive positions atrnFreddie Mac and has a total of 26 years experience in the mortgage industry.  He holds a BS degree from George MasonrnUniversity and the Stanford Program of the Stanford Business School.</p

FHA’s website lists Ryan as Acting Assistant Secretary and FHArnCommissioner, however there has been no mention of when he is assuming hisrnduties.  The resignation of Stevens, whornis leaving FHA to serve as Chief Executive Officer of the Mortgage BankersrnAssociation was originally announced as effective June 1, however, the issue ofrnpotential conflicts of interest has come up in several publications includingrnMND as he continued to serve as FHA head.  

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of is prohibited.

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...