NAHB Mourns Passing of Former MBA President and CEO David H. Stevens

Published

David H. Stevens, who served as president and CEO of the Mortgage Bankers Association (MBA) from 2011 until 2018, passed away unexpectedly this week.

Stevens’ career in real estate and mortgage finance started at World Savings and Loan and included leadership roles at Freddie Mac, Wells Fargo Home Mortgage and Long & Foster Companies.

Immediately before joining MBA, Stevens served as assistant secretary of housing and federal housing commissioner at the U.S. Department of Housing and Urban Development under President Obama. After he retired from MBA, Stevens was CEO of Mountain Lake Consulting, a financial services consulting firm focused on the real estate finance sector, and served on the board of Dynex Capital.

“David Stevens was an icon within the housing finance industry who shared NAHB’s vision in making the American dream of homeownership a reality for so many American families,” said NAHB CEO Jim Tobin. “We are thankful for his vision and dedication, especially during such difficult times for the industry as the Great Recession, and we know his voice and leadership will be missed.”

For more information, see MBA’s statement.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Economics | Housing Affordability

Feb 24, 2026

Falling Mortgage Rates Make Homeownership Possible for Millions of Households

The average interest rate on a 30-year fixed-rate mortgage fell to around 6% last week, the lowest rate borrowers have seen in close to three years. Borrowers will not only enjoy lower monthly payments at that rate, but it also makes homeownership possible for millions more.

Material Costs

Feb 23, 2026

Supreme Court Strikes Down Trump’s Tariffs – But Uncertainty Persists

The Supreme Court on Feb. 20 ruled that President Trump’s attempts to use emergency powers under the International Emergency Economic Powers Act (IEEPA) was not valid. But Trump still has wide latitude in setting tariff policy and announced a new global tariff of 15%. American consumers and businesses are unsure how any new tariffs will affect them.

View all

Latest Economic News

Economics

Feb 24, 2026

Young Adult Headship Rates in 2024: Cyclical Slip or New Equilibrium?

Reversing the post-pandemic rebound, the headship rates among young adults (the share of the population heading their own households) declined in 2024, according to NAHB’s analysis of the American Community Survey (ACS) data.

Economics

Feb 23, 2026

A 25-Basis-Point Decline in the Mortgage Rate Prices-In 1.42 Million Households

Housing affordability remains a critical challenge nationwide, and mortgage rates continue to play a central role in shaping homebuying power. Although rates have declined from the recent peak of about 7.6% in 2023 to around 6.01% as of February 19,2026, they remain elevated relative to typical levels in the 2010s.

Economics

Feb 20, 2026

New Home Sales Close 2025 with Modest Gains

New home sales ended 2025 on a mixed but resilient note, signaling steady underlying demand despite ongoing affordability and supply constraints. The latest data released today (and delayed because of the government shutdown in fall of 2025) indicate that while month-to-month activity shows a small decline, sales remain stronger than a year ago, signaling that buyer interest in newly built homes has improved.