Stevens Statement on Presidential Nominations

WASHINGTON, D.C. (May 23, 2014) – David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA) issued the following statement on the nomination of Shaun Donovan to be Director of the Office of Management and Budget (OMB) and Julian Castro to be Secretary of Housing and Urban Development (HUD).

“In his five years as HUD secretary, Shaun Donovan has proven his value to the President by being the point man for the White House on critical initiatives like the Sandy recovery, the housing revitalization and borrower assistance programs. I had the pleasure for working with Shaun as Federal Housing Commissioner and saw first-hand his management and leadership skills. He has managed complex budget initiatives at HUD and has developed strong relationships on both sides of the aisle on Capitol Hill. He will be a great OMB Director.

“Julian Castro is a brilliant academic who will come to HUD with practical experience in a major city with diverse housing needs. He is a forward thinking policy advocate who will bring a youthful vigor to the department. His work in San Antonio has been thoughtful and innovative and he will be a welcome addition to the President’s Cabinet.”