The Federal Housing Administration confirmed that it has hired a new multifamily director and a new chief risk officer.
FHA tapped Marie Head, who until recently was president of Prudential Huntoon Paige, as deputy assistant secretary in charge of multifamily. Early in her career Head worked in HUD's Atlanta office. (Prudential Huntoon Paige manages a $7.8 billion FHA portfolio.)
Meanwhile, FHA named Freddie Mac veteran Frank Vetrano to lead its office of risk management and regulatory affairs.
"Frank started last week as my senior advisor for risk," said acting FHA commissioner Carol Galante. “His experience in the field, including special expertise in assessing mortgage credit risk, is extensive.”
In other hiring notes, Sarah Gerecke is joining FHA as a senior policy advisor to Galante. She comes from the Furman Center for Real Estate and Urban Policy at New York University’s school of law. Gerecke led the Neighborhood Housing Services of New York City for nearly a decade.
Meanwhile, over at Treasury former attorney and Commodity Futures Trading Commission official Cyrus Amir-Mokri was named assistant secretary for financial institutions.
He previously served as a senior legal and policy advisor to the CFTC chairman and represented the commission on the Financial Stability Oversight Council, which is chaired by Treasury secretary Timothy Geithner.
Amir-Mokri was confirmed by the Senate earlier this week. He replaces former Treasury assistant secretary Michael Barr who stepped down in January.
