Key facts
- Frank Cassidy has rejoined Walker & Dunlop as a senior managing director.
- Cassidy previously held this position before his tenure at HUD.
- He will advise clients on FHA and government-sponsored enterprise financing strategies.
- Cassidy oversaw the FHA's $2T mortgage insurance portfolio during his time at HUD.
- During his tenure, HUD reduced FHA multifamily mortgage insurance premiums and launched the Section 232 initiative.
Frank Cassidy, formerly the top mortgage insurance official at the Department of Housing and Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA), has returned to Walker & Dunlop as a senior managing director. Cassidy's return comes just over a month after he stepped down from his federal roles.
In his new capacity, Cassidy will leverage his expertise to advise Walker & Dunlop's clients on FHA and government-sponsored enterprise (GSE) financing strategies. He will also guide them through the evolving policy and capital markets landscape. Cassidy previously served in a similar role at Walker & Dunlop before his 15-month stint in public service.
During his time at HUD, Cassidy oversaw the FHA's substantial mortgage insurance portfolio, valued at approximately $2 trillion. Key initiatives during his tenure included reducing FHA multifamily mortgage insurance premiums to the statutory minimum of 25 basis points, streamlining the Green Mortgage Insurance Premium category, and launching the Section 232 "express lane" initiative. He also managed HUD's multifamily assisted housing portfolio.
Cassidy's career also includes previous roles at Oppenheimer & Co., Berkeley Point Capital, and Newmark Knight Frank, before his initial joining of Walker & Dunlop in August 2019. He cited family matters as a reason for his departure from federal service, expressing a desire to spend more time with his wife and young daughter.