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FHA, VA and HECM mortgage news. HUD and G i n n i e news also. Originations, servicing and FHA approval.

New FHA Chief has Quarter Century in Mortgage Lending

Robert Ryan appointed FHA commissioner

April 1, 2011

By staff

The new assistant secretary of Housing and Urban Development who will oversee the Federal Housing Administration has more than a quarter century under his belt in real estate finance.

Robert C. Ryan first joined HUD in October 2009 as its first chief risk officer. In that capacity he was responsible for setting up a new Office of Risk Management.

"That office has expanded FHA's capacity to assess financial and operational risk, perform more sophisticated data analysis, and respond quickly to changes in the market," a HUD statement said.

He was named Deputy Assistant Secretary for Risk Management and Regulatory Affairs in September 2010. He previously worked at Freddie Mac, holding senior positions in capital markets, single family pricing and credit, and the office of the president.
photo of Robert Ryan
Photo of Robert Ryan

The George Mason University alumnus reportedly has 26 years' "experience in all aspects of the mortgage market."

HUD said his understanding of the mortgage origination and capital markets processes are "deep," while his experience with profit and loss accountability is "extensive."

A HUD spokesman confirmed that Ryan has been appointed as FHA commissioner.

He still must be confirmed by the Senate.

Ryan replaces David Stevens, who last month disclosed plans to leave the housing agency. Stevens has since accepted a position as president and chief executive officer of the Mortgage Bankers Association.

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