Overview
- Walker & Dunlop announced Tuesday that Frank Cassidy has rejoined the firm as a senior managing director to advise clients on federal housing finance.
- In the role Cassidy will counsel owners, developers, lenders and investors on FHA and government-sponsored enterprise financing and on navigating changes in policy and capital markets.
- Cassidy resigned from his HUD and FHA posts on June 1 after taking an extended leave for family reasons and saying a long interstate commute cut into time with his young daughter.
- While FHA commissioner and assistant secretary for housing he managed roughly $2 trillion in mortgage insurance and led measures that cut multifamily mortgage insurance premiums to 25 basis points, streamlined the Green MIP category, launched the Section 232 'express lane', and simplified several underwriting and loss-mitigation processes.
- Walker & Dunlop is a leading multifamily originator that sold the most loans to Fannie Mae last year and ranks among the largest sellers to Freddie Mac, so Cassidy’s return could speed client access to FHA and GSE financing and help shape lending costs and project timelines that affect housing supply and affordability.