Marie Head has been appointed deputy assistant secretary of multifamily housing programs at the Department of Housing and Urban Development (HUD) Tuesday, filling a post left vacant when Carol Galante became the acting Federal Housing Administration (FHA) commissioner in July.
Head had been the president and CEO of Prudential Huntoon Paige, the FHA business line of Prudential Mortgage Capital, since 2000, when Prudential acquired WMF Huntoon Paige Associates. Under her leadership, Prudential became the top FHA lender in the nation, originating about $2 billion in 2010.
Head was also responsible for arranging the largest construction loan in FHA’s history in 2009, a $756 million deal for Capital Health Systems Hospital in Trenton, N.J.
Head has a deep background within HUD as well. Before joining WMF Huntoon Paige, Head spent 20 years at HUD’s Atlanta hub, rising to production chief.
“Marie has been a prominent figure in the housing industry for about 30 years,” said Galante yesterday in an e-mail sent to staff and industry stakeholders. “I’m thrilled she has agreed to lead the Office of Multifamily Housing at such a dynamic and critical time for our organization, and I know she will be a tremendous asset to our team as we move forward with process improvements to fulfill multifamily market demand.”
Prudential shouldn’t miss a beat, though. The company named Paige Warren the new leader of Prudential Huntoon Paige. Warren has led Prudential Affordable Mortgage Co. for the last seven years as managing director and president, strengthening the company’s relationship with Fannie Mae and striking a new relationship with Freddie Mac to become a Targeted Affordable Lender.
Before joining Prudential, Warren had been deputy director for debt restructuring for HUD’s Mark-to-Market program.