Freddie Mac veteran Bob Ryan starts this Monday as the Federal Housing Administration's first senior risk officer ever.

Ryan has worked at Freddie Mac for nearly 26 years and most recently served as vice president of portfolio management and pricing in Freddie Mac's single family credit guarantee division.

FHA commissioner David Stevens pledged to install an experienced risk manager to review all FHA programs.

"FHA will never be able to fulfill its mission long term or short term if it is under scrutiny for not being well managed from a risk management standpoint," Stevens said.

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