2020 Schedule

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Schedule subject to change.

Note: Meeting rooms may change. Please refer to the MBA Events mobile app, available in both the App Store and Google Play, on-site for final locations.

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Monday, February 10, 2020

  • Breakout Session: The MAP and the Territory: A Discussion on HUD Initiatives to Address Housing Supply and Affordability

    Location: 2nd Floor,
    Seaport Ballroom G


    Speaker(s)

    Raelee Jones, FHA Chief Underwriter, Centennial Mortgage, Inc.

    Terry Wellman, Senior Vice President, PNC Bank, National Association

    Theodore K. Toon, Deputy Assistant Secretary, U.S. Department of Housing and Urban Development

    Angela Corcoran, Production Division Director, Multifamily West Region, U.S. Department of Housing and Urban Development

    Patricia M. Burke, Director, Office of Multifamily Production, U.S. Department of Housing and Urban Development

    Breakout Session

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    FHA insurance remains critical for construction and rehabilitation of muchneeded affordable and workforce rental housing. HUD senior leadership and MAP lenders share their perspectives on the past year’s progress and future plans to continue to address opportunities for FHA programs and the FHA lending community.

    Speaker(s)

    Raelee Jones, FHA Chief Underwriter, Centennial Mortgage, Inc.

    Raelee Jones began her lending career in the 1980’s before transitioning to Senior Housing Development in the 1990’s.  In 2001 she came back to lending and has focused on FHA insured lending since then.  In addition to Multifamily loans, her focus has been on the HUD 232 program.  In 2008, Raelee helped with the development of HUD’s Lean Pilot program.  She has also served the industry through her roles in the Mortgage Banker’s Association FHA Committee, Western Mortgagee Advisory Council and Healthcare Mortgagee Advisory Council.  Raelee Jones is FHA Chief Underwriter of Wells Fargo Multifamily Capital.  Raelee is based out of the group’s Vancouver, WA office.  She is responsible for managing an underwriting team as well as overseeing the FHA compliance tasks and its FHA healthcare lending.  She has been with Wells Fargo since 2006 when the mortgage company she was working for was purchased by Wells Fargo.  Raelee began her lending career in the 1980’s – with the West Coast predecessor to Wells Fargo, First Interstate Bank -  before transitioning to Senior Housing Development in the 1990’s.  In 2001 she came back to lending and has focused on FHA insured financing since.  Her primary focus has been in the HUD 232 program but she has also had extensive experience with Multifamily properties as well as exposure to HUD’s hospital financing program.  In 2008, Raelee helped with the development of HUD’s 232 Lean Pilot program and continues to coordinate those efforts with HUD.  Raelee is a Board Member and current Secretary for Western Mortgagee’s Advisory Council (WMAC), a consortium of HUD approved multifamily and healthcare lenders that provide constructive advice and support to HUD leadership to improve the effective delivery of FHA multifamily insurance programs in the Western Region.  She is also a Board Member and current Secretary for Healthcare Mortgagee’s Advisory Council (HMAC) which has a similar focus as WMAC but has a nation-wide reach and is solely focused on HUD’s healthcare programs.  Raelee has been instrumental in organizing this newly created organization.  In addition, Raelee actively works on and supports HUD-related issues for the Mortgage Bankers Association.

    Terry Wellman, Senior Vice President, PNC Bank, National Association

    Terry Wellman is PNC Real Estate’s FHA Chief Underwriter, responsible for the underwriting of all FHA multifamily transactions nationwide. Over the past 20 years Mr. Wellman has provided financing for market rate and affordable multifamily housing under broad range of sources including FHA, Freddie Mac, Fannie Mae, CMBS, and LIHTC equity. Throughout his career Mr. Wellman has been directly involved in over $3 billion in multifamily and commercial real estate financing.  Under his leadership PNC Real Estate closed the first FHA-insured RAD transaction in the country and recorded two record breaking years of FHA production. Mr. Wellman is actively involved with industry trade group as the Vice President of the Western Mortgagee Advisory Council and Vice-Chair of the LIHTC Committee of the Mortgage Bankers Association FHA Lenders’ Group. He is active in various working groups addressing HUD policy, procedures, and requirements. As part of the LIHTC Committee, he was instrumental in securing a policy change with HUD to make equity bridge loans more feasible with FHA financing, along with other changes. He has spoken on numerous panels at conference hosted by Novogradac, Pennsylvania Housing Finance Agency, Ballard Spahr/CSG Advisors (Best of the West Conference), Affordable Housing Investor Conference, and IPED. He has also led training for PNC’s internal tax credit equity group on FHA impacts to LIHTC investments. 

    Theodore K. Toon, Deputy Assistant Secretary, U.S. Department of Housing and Urban Development

    Angela Corcoran, Production Division Director, Multifamily West Region, U.S. Department of Housing and Urban Development

    Angela Corcoran is the Production Division Director in the Multifamily West Region.  Angela has been the head of Production in San Francisco since 2009.  Angela was born, raised and educated in San Francisco and started her career with HUD in 1990. Upon completion of a two-year HUD Management Intern program, Angela worked for six years in the Multifamily Development Branch as a Multifamily Housing Rep, and then as the Supervisory Team Leader for one of the insured processing teams.  In 1998, Angela moved over to Asset Management, first as the Troubled Projects Coordinator, and then as the Director of Asset Management for the region.  Angela also spent two years as the Operations Director before starting her current position.

    Patricia M. Burke, Director, Office of Multifamily Production, U.S. Department of Housing and Urban Development

    Patricia Burke has 30 years’ experience in real estate finance in lending, acquisitions, and portfolio management. Positions she has held over her career include:

    Director of Multifamily Production at HUD (current), where she manages the national FHA Insurance Program for MF Housing.

    President of Nationwide Capital, a subsidiary of HomeFed Bank of San Diego, where she managed construction and permanent lending in four east coast offices.

    Associate Director at Freddie Mac Multifamily, where she managed affordable and conventional lending policy and new program development.

    Senior Development Director at the US Department of HUD, where she developed policy and regulations for the Mark-to-Market Program; and negotiated participating loans for public-private partnerships under the Urban Development Action Grant Program.

    Ms. Burke has a B.A. from Marymount Manhattan College in New York City.