President Obama is rumored to be on the verge of announcing his nominee to be the new chief for the Federal Housing Administration. See the Bloomberg article on the subject here. It will be interesting to see if the new leader does anything to help re-ignite the housing market even further.
Here is a bit from the article:
David Stevens, president and chief operating officer of real estate brokerage Long & Foster Cos., is President Barack Obama’s choice to head the Federal Housing Administration, according to people familiar with the selection.