FHA Commissioner David Stevens to Take the Reins at MBA

The Mortgage Bankers Association (MBA) announced Tuesday that John A. Courson, the organization's president and CEO, will be leaving the association, effective June 1, 2011. Courson will be replaced by David H. Stevens, the current commissioner of the Federal Housing Administration (FHA). Stevens announced last week that he would be resigning from his position at FHA. His departure from the federal agency is set for March 31. According to MBA, he will join the trade group in May.