For at least his first year as head of the Mortgage Bankers Association (MBA), David Stevens will be barred from lobbying the federal agency that matters most to many of the trade group's members: the one he's leaving.

Stevens, who last week announced he would step down in mid-April as assistant secretary for the Department of Housing and Urban Development (HUD) and commissioner of the Federal Housing Administration (FHA), will join the MBA as president and chief executive June 1, the group said Tuesday.

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