Walker & Dunlop, Inc. (NYSE: WD) announced that Frank Cassidy has rejoined the firm as a senior managing director following his tenure as commissioner of the Federal Housing Administration (FHA) and assistant secretary for housing at the U.S. Department of Housing and Urban Development (HUD).

Cassidy joined HUD in April 2025. In that role, he oversaw the FHA's approximately $2 trillion single-family, multifamily, and healthcare mortgage insurance portfolio, serving more than eight million homeowners, approximately 1.5 million renters, and nearly 4,000 healthcare facilities across the United States and its territories.

During his tenure at HUD, the agency reduced all FHA multifamily mortgage insurance premiums to the statutory minimum of 25 basis points, eliminated the Green Mortgage Insurance Premium category, simplified multifamily mortgage insurance programs, and launched the Section 232 Express Lane initiative for priority processing of eligible low-risk residential healthcare facility financing applications.

In his new role at Walker & Dunlop, Cassidy will advise clients on FHA and Government-Sponsored Enterprise financing strategies and work with owners, developers, lenders, and investors on policy and capital markets matters.

"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."

Cassidy previously worked at Walker & Dunlop, where he contributed to the firm's FHA lending platform across multifamily, affordable housing, seniors housing, and healthcare transactions. According to the press release, Walker & Dunlop ranks No. 5 among HUD lenders based on MAP and LEAN volume in 2025 and has closed $45 billion across more than 2,000 FHA/HUD transactions since its platform's inception.