Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Investments

Obama housing adviser heads to Wells Fargo

 

A top housing adviser in the Obama administration Bob Ryan is swapping out his hat to become a senior mortgage-banking member of Wells Fargo Home Mortgage (WFC).

Ryan will become senior vice president within the capital markets group of the company, sources told HousingWire.

Currently, Ryan is a senior adviser to secretary Shaun Donovan of the U.S. Department of Housing and Urban Development

He joined the agency in 2009 as the first ever chief risk officer at the Federal Housing Administration. As the chief risk officer, Ryan expanded the Federal Housing Administration’s ability to assess financial and operational risk to its fund and perform more sophisticated data analysis.

Last year, Ryan briefly served as the agency’s acting FHA commissioner.

Ryan was also considered as a potential nominee among a very long list to succeed current acting director Ed DeMarco of the Federal Housing Finance Agency, sources told HousingWire. 

During Ryan’s time at the FHA, he assisted in growing market share by more than 30 percentage points in four years with growing demand and lenders clamoring to write more FHA-approved loans. 

The FHA share of mortgage origination market grew from 3% in 2005 to 37% in 2009. At the end of the third quarter of 2010, 21% of the 402,000 loans written in 2007 were delinquent by 90 days or more.

About 17% of the more than 1 million mortgages insured by the FHA in 2008 were in serious delinquency. 

Previously, Ryan spent 26 years at Freddie Mac where he held a range of senior positions in capital markets and single-family mortgage credit divisions. 

cmlynski@housingwire.com

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

House Financial Services Committee members named

With the 117th Congress having been sworn in, Rep. Maxine Waters announced the Democratic members for the House Financial Services Committee, which has oversight on banking, insurance, real estate and securities sectors.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please