“Shaun Donovan will bring experience, energy and innovative thinking to HUD at a crucial time in our nation’s history.  He has previous experience at HUD both as acting FHA Commissioner and as Deputy Assistant Secretary for Multifamily Housing and we welcome his broad knowledge of the issues facing both the single and multi family markets.

“His work in the private, non-profit and academic sectors gives him a unique perspective on the current turmoil in the housing market and he has been widely hailed during his time as New York City’s Housing Commissioner.  We look forward to working with him to solve the ongoing crisis in the U.S. housing market.”

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site:  www.mortgagebankers.org.