Steve Clinton joined the District of Columbia Housing Finance Agency (DCHFA) in January 2020. He serves as the Chief Financial Officer (CFO). Mr. Clinton is a Chartered Financial Analyst with over 30 years of experience in the U.S. housing finance and policy sector.
Recently, Mr. Clinton was a Senior Housing Policy Advisor for the U.S. Department of the Treasury where he contributed to the Housing Reform Plan released in September 2019 that was pursuant to the Presidential memo of March 2019 related to reform of U.S. Housing Finance (also known as Government Sponsored Enterprise reform). Additional U.S. Treasury assignments held by Mr. Clinton included a role as an advisor to the FISCAL Bureau of the Office of Domestic Finance of the U.S. Treasury Department. At the FISCAL Bureau, Mr. Clinton focused on strategic planning to include the processes, operations and technology associated with the multi-trillion-dollar U.S. Debt issuance market. He also spent time as a Senior Advisor to the Small Business Administration (SBA) Office of Capital Access focused on the SBA’s 40B secondary market program. In all of Mr. Clinton’s assignments in the last two years as a senior advisor in the U.S. Government, he was valued for his vast expertise in financial markets, asset backed securitizations, and overall familiarity with the U.S. housing and fixed income Market.
Prior to joining the U.S. Treasury Department, Mr. Clinton spent 25 years at Freddie Mac leaving in 2017 as a Senior Vice President. While at Freddie Mac, he had the unique experience of working in both the front (capital markets/finance) and back offices (operations, technology). This diverse housing finance market experience included roles ranging from the Senior Vice President of Single-Family Operations to Director of Single-Family Mortgage Credit Pricing to bond trader for the broker dealer desk of Freddie Mac. Mr. Clinton has managed teams as large as 600 and been a key participant in multi-billion-dollar housing related securitization transactions. This range of experience in financial transactions, operations and leadership led him to the role of Senior Vice President of Conservatorship for Freddie Mac in the aftermath of the 2008 financial crises. In that role, he worked with the primary regulator, the Federal Housing Finance Agency, Congress, Presidential administrative officials, trade associations, and industry experts on the complex discussions regarding reforming Freddie Mac and Fannie Mae as well as other conservatorship priorities. Included in his role as SVP of Conservatorship, Mr. Clinton had an executive role in the multi-year development of the Common Securitization Platform and the formation of the Freddie Mac /Fannie Mae joint venture called the Common Securitization Solutions which now performs the issuance and bond administration functions for the two agencies’ multi-trillion dollar mortgage backed securities.
Through his experience at Freddie Mac, the U.S. Treasury Department and as a direct primary market mortgage lender earlier in his career, Mr. Clinton is an expert in financial markets, housing policy and housing finance.
Mr. Clinton earned a Bachelor of Arts in Economics from the College of William and Mary.