Key facts
- Frank Cassidy has rejoined Walker & Dunlop as a senior managing director.
- Cassidy previously served as the Federal Housing Administration Commissioner and Assistant Secretary for Housing at HUD.
- He will advise clients on FHA and government-sponsored enterprise financing strategies.
- During his HUD tenure, Cassidy managed the FHA's approximately $2 trillion mortgage insurance portfolio.
- Key initiatives included reducing FHA multifamily mortgage insurance premiums and launching 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 tenure at HUD.
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 for health care facilities. He also managed HUD's Multifamily Assisted Housing Portfolio and the agency's housing counseling program.
"Serving at HUD gave me the opportunity to help shape housing policy during an important period for our country’s history," Cassidy said. "I’m excited to return to Walker & Dunlop and work alongside our talented team to deliver the financing solutions our clients need to increase housing supply, improve affordability, and connect public policy with private capital."
Walker & Dunlop executives noted that Cassidy's experience at HUD will be critical in helping clients navigate the evolving finance landscape amid a significant housing shortage.