David H. Stevens resigns from Radian board

by Ryan Smith17 Apr 2019

Less than a month after taking the position, former Mortgage Bankers Association head David H. Stevens has resigned from Radian Group’s board of directors.

The mortgage insurer announced Stevens’ appointment March 20 with much fanfare. His departure was announced in a short 8-K filing with the Securities and Exchange Commission.

“On April 12, 2019, David H. Stevens a director of Radian Group Inc. (the “Company”), resigned from the board of directors of the Company,” the filing said. Radian gave no reason for Stevens’ departure, but did say that there “were no disagreements between the Company and Mr. Stevens relative to his resignation.”

Stevens served as president and CEO of the MBA from 2011 to 2018. He also served as assistant secretary of the Federal Housing Administration during the Obama administration. During his more than 30 years in the industry, Stevens has held executive positions in sales, acquisition, investment, risk management and regulatory oversight at organizations including Wells Fargo, Freddie Mac and World Savings.