David Stevens Drops Out As Head of MBA for New Role as President, SunTrust Mortgage, Inc.

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David Stevens Drops Out As Head of MBA for New Role as President, SunTrust Mortgage, Inc.

David Stevens Drops Out As Head of MBA for New Role as President, SunTrust Mortgage, Inc.

A little background on Mr Stevens: MBA head David Stevens “Cozy” with Banks While at the FHA

and he wasn’t at the Mortgage Bankers Assoc. for very long either…so what’s up?

MSN-

Stevens to Leave as Head of Mortgage Bankers Association June 30

ATLANTA, May 30, 2012 /PRNewswire/ — SunTrust Banks, Inc., STI announced today that David Stevens, currently President and CEO of the Mortgage Bankers Association (MBA 0.00%, news), will join the Company as President of SunTrust Mortgage, Inc., effective July 16, 2012.  He will assume responsibility for the day-to-day operations of the business, including sales, production, fulfillment, and mortgage capital markets, and report to SunTrust Mortgage CEO Jerome Lienhard.

Mr. Stevens, 55, will be based in Washington, D.C., and maintain offices in both Washington and Richmond, Va., where SunTrust Mortgage has a significant corporate presence.

“David Stevens is a high-caliber leader, professional and individual,” said Mr. Lienhard.  “His subject matter knowledge and leadership abilities are well known, as is his tireless commitment to our industry.  I am personally delighted to welcome such a well-respected colleague to our business and look forward to the transformational change he will drive.”

[MSN]

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