Former Federal Housing Administration Commissioner Frank Cassidy has rejoined Walker & Dunlop as a senior managing director after previously leading the FHA and serving as assistant secretary for housing at the U.S. Department of Housing and Urban Development.

The news comes just a month after Cassidy resigned from his post after taking a brief leave in April due to personal matters.

At Walker & Dunlop, Cassidy will advise clients on FHA and government-sponsored enterprise (GSE) financing strategies. He will work with owners, developers, lenders and investors as they navigate federal housing policy and capital markets, the commercial real estate finance company said.

Cassidy joined HUD in April 2025 and oversaw the agency’s housing programs as FHA commissioner and assistant secretary for housing. In that role, he managed the FHA’s approximately $2 trillion mortgage insurance portfolio covering single-family, multifamily and health care loans, supporting more than 8 million homeowners, about 1.5 million renters and nearly 4,000 health care facilities.

During his tenure, HUD reduced FHA multifamily mortgage insurance premiums to 25 basis points; eliminated the Green Mortgage Insurance Premium category and related reporting requirements; simplified multifamily mortgage insurance programs; and launched the Section 232 Express Lane initiative to expedite eligible financing applications for residential health care facilities.

Cassidy’s tenure also included the modernization of the FHA’s single-family loss-mitigation waterfall and HUD’s announcement that it would adopt the VantageScore 4.0 and FICO 10T credit-scoring models.

Cassidy also oversaw HUD’s Multifamily Assisted Housing Portfolio, which serves more than 1.2 million low-income residents, along with the agency’s housing counseling program and manufactured housing construction standards.

“Serving at HUD gave me the opportunity to help shape housing policy during an important period for our country’s history,” Cassidy said. “I’m excited to return to Walker & Dunlop and work alongside our talented team to deliver the financing solutions our clients need to increase housing supply, improve affordability, and connect public policy with private capital.”

Before joining HUD, Cassidy worked at Walker & Dunlop, where he helped expand the firm’s FHA lending platform for multifamily, affordable housing, senior housing and health care properties.

Walker & Dunlop executives said Cassidy’s experience at HUD will help clients navigate changes in federal housing policy and government-backed financing programs.

“Frank returns to Walker & Dunlop at a defining moment in the housing industry,” said Sheri Thompson, executive vice president and head of affordable housing at Walker & Dunlop. “Our country continues to face a significant housing shortage, and collaboration between the public and private sectors will be essential to delivering more affordable and workforce housing.

“Frank’s leadership at HUD and deep understanding of FHA programs will be critical in helping clients navigate the evolving finance landscape.”

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