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Monday, October 28, 2019

  • General Session: An Era of New Leadership for the GSEs

    Location: Level 4,
    Ballroom D


    Susan Stewart, 2019 MBA Chairman Elect, Chief Executive Officer, SWBC Mortgage

    David Brickman, Chief Executive Officer, Freddie Mac

    Hugh R. Frater, Chief Executive Officer, Fannie Mae

    Kurt Pfotenhauer, Vice Chairman, First American Financial Corp (NYSE: FAF)

    General Session

    In recent months, both Fannie Mae and Freddie Mac have appointed new Chief Executive Officers, ushering in a new era of leadership for the GSEs.  Join us as MBA’s Chairman-Elect interviews them about the strategic vision and top priorities they have for their organizations. 


    Susan Stewart, 2019 MBA Chairman Elect, Chief Executive Officer, SWBC Mortgage

    Susan Stewart is the 2019 MBA Vice Chairman of the Mortgage Bankers Association and Chief Executive Officer of SWBC Mortgage, a full-service mortgage banking firm headquartered in San Antonio, Texas. She currently serves as a member of MBA’s Board of Directors and is the immediate past Vice-Chair of the MBA’s Residential Board of Governors (RESBOG). Stewart serves on the board of the MBA Opens Doors Foundation (ODF) and both Stewart and SWBC Mortgage have been recognized as Guardian level donors of the organization. She currently serves on MBA’s Consumer Affairs Advisory Council and has previously served on MBA’s Loan Production and Fraud Prevention Committees.

    David Brickman, Chief Executive Officer, Freddie Mac

    David Brickman is Chief Executive Officer of Freddie Mac, one of the largest providers of mortgage financing in the United States. He is also a member of the company’s Board of Directors.
    Previously, Brickman served as President of Freddie Mac and was responsible for all three of Freddie Mac's business lines – Single-Family, Multifamily and Capital Markets – as well as the information technology and operations areas that support these business lines. Prior to this role, he was the head of Freddie Mac Multifamily, where he presided over a remarkable period of growth – raising annual production from $16 billion in 2010 to almost $80 billion in 2018 and increasing the organization from 300 staff members in four offices to approximately 1000 employees in a dozen locations across the country. He also firmly established the company's flagship K-Deal Securitization program as one of the leading securitized products in the structured finance markets. Brickman also drove significant innovation and an expansion in Freddie Mac's products and offerings – particularly those that serve the growing need for affordable and workforce housing.  Before serving as head of Multifamily, Brickman served as senior vice president and vice president in charge of the Multifamily Capital Markets business area. In these positions, he oversaw all functions relating to Freddie Mac's multifamily and CMBS investment and capital markets activities. He is the key architect behind several of Freddie Mac's innovative multifamily financing products, including the Capital Markets Execution and K-Deal program, Reference Bill ARM, fixed-to-float suite of products, and Performance-Based PC, for which he holds a U.S. patent.  Prior to joining Freddie Mac in 1999, Brickman co-led the Mortgage Finance and Credit Analysis consulting group at PricewaterhouseCoopers.

    Hugh R. Frater, Chief Executive Officer, Fannie Mae

    Hugh R. Frater is Fannie Mae's Chief Executive Officer (CEO). He sets the overall enterprise vision and strategic direction of the company and is a member of the company's Board of Directors.  Mr. Frater served as Interim CEO from October 2018 through March 2019 and has served on Fannie Mae’s Board since 2016. He currently serves as Non-Executive Chairman of the Board of VEREIT, Inc. Mr. Frater previously led Berkadia Commercial Mortgage LLC, a national commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. He served as Chairman of Berkadia from April 2014 to December 2015 and he served as Chief Executive Officer of Berkadia from 2010 to April 2014. Earlier in his career, Mr. Frater was an Executive Vice President at PNC Financial Services, where he led the real estate division, and was a Founding Partner and Managing Director of BlackRock, Inc. 

    Kurt Pfotenhauer, Vice Chairman, First American Financial Corp (NYSE: FAF)

    Kurt Pfotenhauer is Vice Chairman of First American Financial Corp (NYSE: FAF), a family of over 100 companies whose core business lines include title insurance, settlement services, property data, home warranty products, property and casualty insurance as well as banking, trust and wealth management services.  Reporting directly to the CEO, Kurt’s responsibilities include managing the company’s executive level relationships with the company’s largest customers, the U.S. Congress and executive branch.  He also leads an innovation effort within corporation to automate title decisioning using artificial intelligence.  Prior to joining First American, Kurt served as chief executive officer of the Washington, D.C.-based American Land Title Association (ALTA).  Prior to joining ALTA, Kurt served as senior vice president of government affairs for the Mortgage Bankers Association (MBA), where he was twice named one of Washington, D.C.’s top lobbyists. He previously served as chief of staff for Senator Gordon Smith (R-OR) and Rep. Denny Smith (R-OR), and was vice president of public affairs for United Parcel Service.


    Kurt currently serves on the MBA's Board of Directors, Board of Directors of the Opens Doors Foundation, and sits on the Housing Policy Council's executive committee. He previously chaired the Board of Directors of MERS Corp and is past chair of the MBA’s political action committee (MORPAC) and presently chairs the Board of Directors of the Mortgage Industry Standards Maintenance Organization (MISMO).

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