Secondary Conference 2016

Schedule

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Schedule subject to change.

Note: Meeting rooms may change, so please refer to the on-site program for final locations.

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Saturday, May 14, 2016

Sunday, May 15, 2016

  • Registration

    Location: 45th St. Registration Desk,
    5th Floor

    Registration

  • Committee Meeting

  • Press Room (Credentialed Media Only)

    Location: Lyceum/Carnegie,
    5th Floor

    Press Event

  • Executives' Perspectives on the Secondary Mortgage Market

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Thomas L. Wind, President, U.S. Bank Home Mortgage

    Stanley C. Middleman, President and Chief Executive Officer, Freedom Mortgage Corporation

    William Godfrey, Executive Vice President, Capital Markets, Mason-McDuffie Mortgage

    Thomas F. Esposito, Group Vice President, M&T Bank Corporation

    Bill Emerson, 2016 MBA Chairman, Chief Executive Officer, Quicken Loans, Inc.

    Smriti L. Popenoe, Executive Vice President and Co-Chief Investment Officer, Dynex Capital, Inc.

    General Session

    Read more Read less

    Hear key industry leaders share their perspectives on the current challenges and opportunities of the secondary mortgage market today.

    Speaker(s)

    Thomas L. Wind, President, U.S. Bank Home Mortgage

    Tom Wind is President of U.S. Bank Home Mortgage. U.S. Bank Home Mortgage is one of the largest originators and servicers of home loans in the United States. The company funded in excess of $50 billion in home mortgages during 2015 and provides loan servicing for approximately 1.9 million customers. U.S. Bank Home Mortgage is a nationwide provider of mortgage lending products through its Retail, Correspondent, Wholesale and Warehouse Finance divisions and has employees in 26 states. Tom is a mortgage industry veteran with more than 25 years of experience in finance, capital markets and executive leadership roles. He was most recently Executive Vice President of residential and consumer lending, at EverBank Financial Corporation in Jacksonville, FL. During his career, he has held executive positions with some of the nation’s largest lenders including Lehman Brothers, JP Morgan Chase, and CitiMortgage.

    Stanley C. Middleman, President and Chief Executive Officer, Freedom Mortgage Corporation

    Stanley C. Middleman is the founder and Chief Executive Officer of Freedom Mortgage Corporation, a national, full-service mortgage banker headquartered in Mount Laurel, NJ. The company is ranked in the top 10 mortgage originators nationally. In addition to his role leading Freedom Mortgage, Mr. Middleman is a prominent business strategist within the industry and an active member of the Mortgage Bankers Association. He is also a member of the Housing Policy Executive Council (HPEC), an affiliate of the Financial Services Roundtable. The Council advocates for the benefits of a fully competitive and integrated housing market and represents dozens of leading national mortgage finance companies. Mr. Middleman has served on numerous advisory boards, including Freddie Mac, Ellie Mae, Inc., and Fannie Mae and has over 30 years' experience in the financial services industry. Mr. Middleman is also Chairman of the Board of Directors of Cherry Hill Mortgage Investment Corporation (“Cherry Hill”), a real estate investment trust. The stock is listed and traded on the New York Stock Exchange under the symbol “CHMI.” Cherry Hill raised approximately $150 million in its initial public offering in October 2013. Cherry Hill acquires, invests in, and manages, residential mortgage-related assets in the United States. It is externally managed and advised by Cherry Hill Mortgage Management, LLC, which is an affiliate of Freedom Mortgage Corporation.

    William Godfrey, Executive Vice President, Capital Markets, Mason-McDuffie Mortgage

    Bill Godfrey is an accomplished mortgage professional with many years of experience in senior management positions. Mr. Godfrey serves on the executive committee and board of Mason McDuffie Mortgage Corp and is its EVP of Capital Markets and Risk Management. Previously, Mr. Godfrey was one of the founding partners of 2nd Mason-McDuffie Mortgage, All Pacific Mortgage, AIG Centre Capital, and Diversified Capital Banking, and has held various Senior-Level positions at Weyerhaeuser Mortgage (purchased the 1st/2nd Mason-McDuffie Mortgage) and Irwin Mortgage (purchased All Pacific Mortgage). He is past chairman and Co- Chairman, and current member of the Mortgage Bankers Association’s Secondary and Capital Markets Committee.

    Thomas F. Esposito, Group Vice President, M&T Bank Corporation

    Tom Esposito is Group Vice President, and head of M&T Bank’s Capital Markets Group within the Residential Mortgage Division; he has been with M&T Bank for 24 years. In this position, Esposito is responsible for setting policy and strategy for pricing, hedging and delivery of all residential mortgage loan activity. In addition, he also oversees the Division’s Mortgage Servicing Team, and the Product Development Team. Previously, Esposito was a Vice President, Pipeline Manager, and oversaw all MBS and whole loan sale activity. Prior to joining M&T, Esposito worked in the Secondary Market Department for both Key Bank, and Goldome Realty Credit Corporation. He started his career in 1984 with Kidder, Peabody and Company in New York City.

    Bill Emerson, 2016 MBA Chairman, Chief Executive Officer, Quicken Loans, Inc.

    Bill Emerson is 2016 MBA Chairman and Chief Executive Officer of Quicken Loans, Inc., the nation’s largest online home loan lender and second largest retail mortgage lender. He is responsible for the leadership and growth of Quicken Loans.

    Emerson joined the company in 1993 as a mortgage banker. His passion and commitment for learning and growing, and his zeal for taking care of clients, helped him take on many roles at the company. Emerson’s leadership ability afforded him the opportunity to run several business units at Quicken Loans, as well as lead mortgage operations for the company, where he was responsible for driving performance within Quicken Loans’ businesses. In February of 2002, Emerson was promoted to Chief Executive Officer.

    Bill is an active spokesperson on the housing industry and has testified before the United States Senate Committee on Banking, Housing, and Urban Affairs and the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. He serves as Chairman of the Mortgage Bankers Association. In addition, Bill is the former Chairman of MBA's Diversity Committee and former Vice-Chairman of MBA's Residential Board of Governors. He serves on the MBA's Board of Directors and is a member of the Financial Services Roundtable's Housing Policy Council and the HPC's executive council.

    Smriti L. Popenoe, Executive Vice President and Co-Chief Investment Officer, Dynex Capital, Inc.

    Smriti L. Popenoe, Co-Chief Investment Officer, is responsible for day-to-day management of the Company’s investment portfolio. Prior to assuming this position in January 2014, Ms. Popenoe was a strategic consultant to the Company since May 2013. Before joining Dynex Capital, Ms. Popenoe served as Executive Vice President, Chief Risk Officer at PHH Corporation, a leading provider of mortgage banking and fleet management outsourcing services. Prior to joining PHH, Ms. Popenoe was Senior Vice President, Balance Sheet Management at Wachovia (now Wells Fargo), where she led a team responsible for all aspects of the firm's $130 billion investment portfolio, including agency and non-agency RMBS, ABS, CMBS and whole loans. Ms. Popenoe previously served as Senior Vice President, Investments of Sunset Financial Resources, a start-up investment business under a REIT framework, where she successfully built and managed a $1.1 billion ARM portfolio. Previously, Ms. Popenoe spent nine years with Freddie Mac, where she was responsible for investment portfolio management across Freddie Mac's $400-billion fixed-rate MBS and whole loan portfolios. Ms. Popenoe holds a B.S. in Chemistry and Environmental Science from St. Joseph's College in Bangalore, India; a Masters-Level French Diploma from the Alliance Francaise; and an M.B.A. from the University of Rochester. She is a Chartered Financial Analyst (CFA).

  • Opening Reception in THE HUB "Take the A Train"

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Exhibit Hours,

    Reception

Monday, May 16, 2016

  • Registration

    Location: 45th St. Registration Desk,
    5th Floor

    Registration

  • Continental Breakfast

    Location: Broadway Ballroom Foyer,
    6th Floor

    Networking Opportunities,

    Breakfast

  • Press Room (Credentialed Media Only)

    Location: Lyceum/Carnegie,
    5th Floor

    Press Event

  • Opening General Session: Point-Counterpoint with David Axelrod and Laura Ingraham

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    David Axelrod, Director, University of Chicago, Institute of Politics; Senior Political Commentator, CNN, 2012 Obama Re-Election Campaign and Senior Advisor to President Barack Obama (2009-2011)

    Laura Ingraham, Conservative Political Analyst; Fox News Contributor; New York Times Best-Selling Author, Host, The Laura Ingraham Radio Show

    David H. Stevens, CMB, President and Chief Executive Officer, Mortgage Bankers Association

    Jay Lown, Executive Vice President, Freedom Mortgage Coporation

    General Session

    Read more Read less

    The 2016 presidential race is in full swing, and campaigns are in high gear. Join us as MBA’s President and Chief Executive Officer, David H. Stevens, hosts a lively conversation with political experts David Axelrod and Laura Ingraham. Get their unique and informed insights on the 2016 election and politics in Washington.

    Speaker(s)

    David Axelrod, Director, University of Chicago, Institute of Politics; Senior Political Commentator, CNN, 2012 Obama Re-Election Campaign and Senior Advisor to President Barack Obama (2009-2011)

    David Axelrod served as senior advisor to President Barack Obama and to the Obama-Biden Presidential Transition, as well as senior strategist to Barack Obama's historic campaign for the presidency in 2008 and his reelection in 2012. Today he serves as director of the Institute of Politics at the University of Chicago and as a senior political commentator for CNN.

    He formerly served as a senior political analyst for NBC News and MSNBC. He was recently inducted into The American Association of Political Consultants’ Hall of Fame. His New York Times bestselling memoir, BELIEVER: My Forty Years in Politics (February, 2015), spans forty years which include corruption and transformation, turmoil and progress, offering a look behind the closed doors of politics while offering a thrilling call to democratic action. This powerful and inspiring memoir is enlivened by the charm and candor of one of the greatest political strategists in recent American history. He is currently host of "The Axe Files", a series of interviews with key figures in the political world.

    During his time at the White House, Axelrod was the Administration's most frequent presence on influential Sunday talk shows including NBC’s Meet the Press, ABC’s This Week, CBS’s Face the Nation, FOX News Sunday and CNN’s State of the Union. He also appeared several times on The Tonight Show, The Daily Show with Jon Stewart and The Late Show with David Letterman.

    Axelrod founded the Chicago consulting firm AKPD Message and Media in 1985, and was senior partner there until 2008. At AKPD, he managed media strategy and communications for more than 150 campaigns, with a focus on progressive candidates and causes.

    In 2006, Axelrod ran the independent expenditure media program for the Democratic Congressional Campaign Committee, helping Democrats regain the majority in the House of Representatives. Axelrod also served as media adviser to Deval Patrick, who was elected Massachusetts's first Democratic governor in 16 years and the state's first-ever African American governor. In 2004, Axelrod helped then-State Senator Barack Obama win a challenging primary and go on to a landslide win in his U.S. Senate campaign.

    Before entering politics in 1984, Axelrod spent eight years as a reporter for The Chicago Tribune, where he covered national, state and local politics. In 1981, he became the youngest political writer and columnist in the paper's history. He also served as the Tribune's City Hall bureau chief.

    Laura Ingraham, Conservative Political Analyst; Fox News Contributor; New York Times Best-Selling Author, Host, The Laura Ingraham Radio Show

    Laura Ingraham is the most-listened-to woman in political talk radio and editor-in-chief and founder of LifeZette, the new political and lifestyle website. Ingraham is heard on hundreds of stations across America and is a regular contributor on Fox News Channel. A provocative author of five books, including the #1 New York Times best sellers Power to the People and The Obama Diaries, she is one of the nation’s most respected voices on politics and the culture.

    David H. Stevens, CMB, President and Chief Executive Officer, Mortgage Bankers Association

    David Stevens is President and CEO of the Mortgage Bankers Association (MBA). Prior to assuming this position, Dave served as the Assistant Secretary for Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development (HUD).

    Dave has more than 30 years of experience in mortgage finance and has held several executive level positions in sales, acquisition, investment, risk management and regulatory oversight, including positions in senior management with Wells Fargo, Freddie Mac and World Savings. Prior to his appointment by the Obama Administration to serve at HUD, Dave was President and COO of the Long and Foster Companies.

    He is known inside the beltway as a key housing influential; serving as an industry authority on major mortgage finance legislative and regulatory issues. Dave is often quoted in the national media and regularly appears trade media on issues affecting the mortgage and housing markets.

    In 2013, Dave received the National Association of Hispanic Real Estate Professionals (NAHREP) Founders Award, presented to individuals that have distinguished themselves by their work in support of sustainable Hispanic homeownership to improve the quality of life for Hispanics in America. He has been named to Bloomberg’s “50 Most Powerful People in Real Estate” list, and twice recognized as one of the “Top 100 Most Influential Real Estate Leaders” by Inman News and named one of Swanepoel REAL ESTATE TRENDS Report’s top ten "Newsmakers" of the year.

    He currently serves on the Hope Loan Port board of directors, the board of MBA Opens Doors Foundation, MBA's national 501(c) 3 nonprofit organization for philanthropic ventures, and as an advisory board member of the newly formed J. Ronald Terwilliger Foundation for Housing America's Families.

    Jay Lown, Executive Vice President, Freedom Mortgage Coporation

  • COFFEE SPOT in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event

  • HUB Event

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Refreshment Break

  • THE HUB is Open

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Exhibit Hours

  • General Session: A Conversation with GSE Leadership

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Andrew Bon Salle, Executive Vice President, Single Family Business, Fannie Mae

    David Lowman, Executive Vice President, Single Family Business, Freddie Mac

    Bill Emerson, 2016 MBA Chairman, Chief Executive Officer, Quicken Loans, Inc.

    General Session

    Read more Read less

    Attend this session to hear directly from the enterprise leaders in an interactive discussion on current industry hot topics.

    Speaker(s)

    Andrew Bon Salle, Executive Vice President, Single Family Business, Fannie Mae

    Andrew Bon Salle is Executive Vice President – Single-Family Business at Fannie Mae, a leading source of liquidity in the U.S. residential housing market. Reporting to the President and Chief Executive Officer, Mr. Bon Salle is responsible for all aspects of the Single-Family business, including engagement with Single-Family customers, managing the performance of the credit portfolio, and overseeing all Single-Family capital markets activities. Mr. Bon Salle also leads the company’s efforts to integrate with the Common Securitization Platform. Most recently, Mr. Bon Salle served as Fannie Mae's Senior Vice President and Head of Underwriting and Pricing and Capital Markets, overseeing the company’s credit risk management and pricing strategies to optimize the performance of the Single-Family credit book throughout different economic cycles. During his tenure at Fannie Mae, Mr. Bon Salle has also served as Fannie Mae’s Senior Vice President – Capital Markets, where he managed the Single-Family Products Group, providing lender execution services such as mortgage-backed securities (MBS) and structured product sales and trading, whole loan acquisition and conduit activities, and early funding transactions. Earlier in his Fannie Mae career he was Vice President – Capital Markets Mortgage Assets; Vice President – Portfolio Management; Director – MBS Trading Desk; Director – Direct Sell Initiative; Manager – Early Funding Programs; and Senior Capital Markets Analyst. Prior to joining Fannie Mae in 1993, Mr. Bon Salle was Vice President at Hamilton, Carter, Smith & Company, Inc.

    David Lowman, Executive Vice President, Single Family Business, Freddie Mac

    David Lowman was named executive vice president for the Single-Family Business in May 2013. He is a member of the company's senior operating committee and reports directly to CEO Don Layton. As head of Single-Family, Lowman has broad responsibility for the line of business, including managing the company's relationships with its Seller/Servicers, the performance of Freddie Mac's guarantee book of business, securitization of new business, and all sourcing, servicing and business operations. Lowman has worked in the mortgage and consumer finance business for over 30 years, serving at some of the nation's largest mortgage operations. Lowman served as CEO of Chase Home Lending from 2006 to 2011, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the country's third largest mortgage originator and servicer. Prior to that, he spent a decade in senior leadership roles in various lending businesses of Citigroup, including head of CitiMortgage and Citicorp Trust Bank, FSB. Before joining Citigroup, Lowman spent 11 years at The Prudential Home Mortgage Company, Inc. in progressively senior leadership roles. He started his career in the Washington, D.C. office of KPMG where his clients included banks, thrifts and mortgage bankers.

    Bill Emerson, 2016 MBA Chairman, Chief Executive Officer, Quicken Loans, Inc.

    Bill Emerson is 2016 MBA Chairman and Chief Executive Officer of Quicken Loans, Inc., the nation’s largest online home loan lender and second largest retail mortgage lender. He is responsible for the leadership and growth of Quicken Loans.

    Emerson joined the company in 1993 as a mortgage banker. His passion and commitment for learning and growing, and his zeal for taking care of clients, helped him take on many roles at the company. Emerson’s leadership ability afforded him the opportunity to run several business units at Quicken Loans, as well as lead mortgage operations for the company, where he was responsible for driving performance within Quicken Loans’ businesses. In February of 2002, Emerson was promoted to Chief Executive Officer.

    Bill is an active spokesperson on the housing industry and has testified before the United States Senate Committee on Banking, Housing, and Urban Affairs and the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. He serves as Chairman of the Mortgage Bankers Association. In addition, Bill is the former Chairman of MBA's Diversity Committee and former Vice-Chairman of MBA's Residential Board of Governors. He serves on the MBA's Board of Directors and is a member of the Financial Services Roundtable's Housing Policy Council and the HPC's executive council.

  • General Session: Strategies for Ginnie Mae Issuers

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    The Honorable Theodore Tozer, President, Ginnie Mae

    Michael R. Drayne, Senior Vice President, Issuer and Portfolio Management, Ginnie Mae

    Cameron Beane, Secondary Market Director, EverBank

    Steve O'Connor, Senior Vice President, Public Policy and Industry Relations, Mortgage Bankers Association

    Albert P. Blank, Senior Vice President, Business Development, Union Home Mortgage

    General Session

    Read more Read less

    After introductory remarks from Ginnie Mae’s President, Ted Tozer, join us for a peer-led discussion of the operational nuances in pooling and issuing Ginnie Mae bonds, including selecting and working with broker-dealers, and strategies for preserving the bonds’ value in the market.

    Speaker(s)

    The Honorable Theodore Tozer, President, Ginnie Mae

    Theodore W. Tozer was appointed by President Barack Obama and confirmed by the U.S. Senate to serve as President of Ginnie Mae on February 24, 2010. With more than 30 years of experience in the mortgage, banking and securities industries, Tozer manages Ginnie Mae’s $1.7 trillion portfolio of mortgage-backed securities (MBS), which has grown by more than 50 percent during his tenure. At Ginnie Mae, Tozer has brought renewed focus to protecting the government guaranty and managing the common securitization platform for government mortgage programs. A sought after expert in the housing industry, Tozer’s perspectives have been featured in outlets including CNN, CNBC, The Wall Street Journal, Bloomberg News, Businessweek, Politico and The Hill. Prior to Ginnie Mae, Tozer served as Senior Vice President of Capital Markets at the National City Mortgage Company (NCM). During his tenure at NCM, the company was consistently profitable with growth in annual loan sales from $1 billion in 1989 to $106 billion in 2003. Tozer has also served as a charter member of the National Lender Advisory Boards of both Fannie Mae and Freddie Mac, chairman of the Capital Markets Committee of the Mortgage Bankers Association of America (MBA) and as a member of the Board of Governors of the MBA.

    Michael R. Drayne, Senior Vice President, Issuer and Portfolio Management, Ginnie Mae

    Michael R. Drayne as Senior Vice President of the Office of Issuer & Portfolio Management, Michael Drayne is responsible for the management of Ginnie Mae's relationships with the mortgage lenders who issue securities under Ginnie Mae mortgage-backed securities program. In this capacity, he oversees the Single-Family and Multifamily Program Divisions, as well as the Monitoring & Asset Management Divisions, the latter of which is responsible for the oversight of the Ginnie Mae servicing assets owned by Issuers or Ginnie Mae. A 25-year veteran of the housing finance industry, Mr. Drayne began his career at Chevy Chase Bank, where he served as Vice President and Director of Secondary Marketing. In addition, he was responsible for managing several other operational units for the bank’s nationwide mortgage lending subsidiary. He has also held management positions with the residential lending divisions of two other banks. At one of these banks, he co-founded a reverse mortgage lending unit. Mr. Drayne has participated at numerous industry conferences. In particular, he has spoken about the U.S. secondary mortgage markets and the evolution of the post-crisis housing finance industry and its relation to government-insured lending and the capital markets.

    Cameron Beane, Secondary Market Director, EverBank

    Cameron Beane joined EverBank’s Capital Markets group in 2012, Mr. Beane has more than 20 years of experience in capital markets, mortgage finance, secondary marketing and GAAP technical accounting related to mortgage and banking specific transactions/structures. Prior to joining EverBank, Mr. Beane worked for SunTrust Mortgage as SVP Residential Loan Portfolio Manager as well as with Genworth Financial’s capital markets/reinsurance group and the company’s reverse mortgage subsidiary. Additionally, he ran capital markets for HomeBanc Mortgage Corporation where he was responsible for all aspects of pricing, hedging, trading, private-label securitization, investor delivery and all fulfillment operations for post-closing. Mr. Beane has also held executive-level positions with firms including United First Mortgage, Inc., Access National Mortgage Corporation, GMAC Mortgage Corporation, Capital Center LLC, Signet Bank and Signet Mortgage Corporation.

    Steve O'Connor, Senior Vice President, Public Policy and Industry Relations, Mortgage Bankers Association

    Steve O'Connor is Senior Vice President of Public Policy and Industry Relations at the Mortgage Bankers Association (MBA). He manages MBA's residential policy process for legislative, regulatory, and industry issues. O'Connor directs MBA's regulatory advocacy efforts. He is also responsible for outreach to industry groups, consumer organizations, and other key stakeholders. O'Connor is a regular guest speaker on industry issues. O'Connor leads MBA's Consumer Affairs Advisory Council. He also serves on a number of industry boards, including the National Housing Conference, the National Association of Hispanic Real Estate Professionals, HOPE LoanPort, and Freddie Mac's Affordable Housing Advisory Council. O'Connor joined MBA in 1996. Previously, he worked in government affairs for the National Association of Realtors and Freddie Mac. He also worked for Skyline Financial Services Corporation.

    Albert P. Blank, Senior Vice President, Business Development, Union Home Mortgage

    Al Blank has been with Union Home Mortgage since January 2013. Mr. Blank has had the privilege of working with a very talented group of Independent Mortgage Bankers across 31 states and 80 branch offices. Union Home Mortgage will originate in excess of $2 billion in 2016.  Al has enjoyed a career in the financial sector since 1984 in various executive roles. He has an extensive background in Capital Markets, Growth and Development as well as Operational Fulfillment. He has developed his experiences in both the bank and non-bank environments.  Al has enjoyed serving on the boards of several non-profit and community organizations such as The Ohio Foundation of Independent Colleges, Hope for Youngstown, Talk is Cheap, the Warren/Youngstown Regional Chamber of Commerce and Valley Christian Academy.

  • Lunch in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Lunch

  • New Member Lunch (By Invitation Only)

    Location: Astor Ballroom,
    7th Floor

    Member Services Event

  • Press Lunch (Credentialed Media Only)

    Location: Music Box/Winter Garden,
    6th Floor

    Press Event

  • General Session: Update on the Single Security & Common Securitization Platform

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Garry Cipponeri, Chief Executive Officer, TradeRoom Capital

    David M. Applegate, Chief Executive Officer, Common Securitization Solutions, LLC

    David Battany, Executive Vice President, Capital Markets, Guild Mortgage Company

    Robert Fishman, Senior Associate Director, Office of Strategic Initiatives, Federal Housing Finance Agency (FHFA)

    Mark D. Hanson, Senior Vice President, Securitization, Freddie Mac

    Renee R. Schultz, Senior Vice President, Capital Markets and Single Family Business, Fannie Mae

    General Session

    Read more Read less

    The common securitization platform and single security are key transition steps that are developing the foundation of the future housing finance system. As the anticipated roll-out of these initiatives draws nearer, market participants should be sure to understand the changes and their expected impact on day-to-day activities. Hear from industry experts as they discuss these two initiatives, their development status, and expected impact on the market.

    Speaker(s)

    Garry Cipponeri, Chief Executive Officer, TradeRoom Capital

    Jerome A. (Garry) Cipponeri is the President & CEO is the Founder, President and CEO of TradeRoom Capital, LLC and TradeRoom Capital Partners LLC. Prior to founding TradeRoom Capital Partners LLC and TradeRoom Capital, LLC, Garry was the Senior Vice President and Director of the Capital Markets Department for Chase Home Finance, the Mortgage Banking arm of JPMorgan. He joined Chase in August of 2004, but has been in the mortgage business for 39 years, and specifically, Capital Markets and Secondary Marketing functions for 37 years. His responsibilities at Chase Home Finance included all hedging and asset sales, as well as securitization, sales operations, pledging, agency, government and MI relationships & captive MI’s. He also served as Chairman and President of Chase’s three private label security companies as well as running a specialized Asset Sales group. Prior to becoming part of the Chase team, he spent 19 years at CitiMortgage as their Senior Vice President for Secondary Marketing, responsible for hedging all pipeline and warehouse risk, selling all mortgage products and structuring Citi’s private label securities. He also served as President of CitiCorp Mortgage Securities Inc. Garry is the former Chairman of the National MBA’s Residential Board of Governors (RESBOG); has served two terms as Chairman of the Mortgage Bankers Association’s Capital Markets Committee, and he has served on the MBA’s Board of Directors as well.

    David M. Applegate, Chief Executive Officer, Common Securitization Solutions, LLC

    David M. Applegate was appointed chief executive officer of Common Securitization Solutions, LLC in November 2014, bringing more than 20 years of mortgage banking experience to his new leadership role at CSS.  Prior to joining CSS, Applegate was president, CEO and director of Homeward Residential, Inc., a Dallas-based mortgage lender and servicer with assets of $4.5 billion and a global workforce of 3,000. Previously, he was president of GMAC Mortgage and chairman of GMAC Bank from 2000-2007. At GMAC Mortgage, Applegate assembled a strong executive team that transformed the company into an industry leader. Applegate also served as president of mortgage insurer Radian Guaranty Inc., and managed a consulting practice with major financial services clients.

    David Battany, Executive Vice President, Capital Markets, Guild Mortgage Company

    David H. Battany is the Executive Vice President of Capital Markets for Guild Mortgage Company. He is responsible for overseeing the firm’s capital market activities, including pricing, hedging, secondary market execution, shipping, product development, and managing investor relationships with the GSE’s, government agencies, and private investors. Prior to joining Guild, Mr. Battany was Chief Product Strategist for Penny Mac, from 2012-2015, where he was responsible for managing Penny Mac’s product development group, as well as its GSE and agency relationships. From 1990 to 2012 Mr. Battany was with Fannie Mae, based in Pasadena, California where he served as Director of Single Family Business and was responsible for managing the firm's relationships with west-coast based lenders. Mr. Battany began his career in 1986 with First Interstate Bank of California, where he traded and hedged the bank's mortgage production. Mr. Battany is a board member of the California MBA, and is chairman of the national MBA’s Secondary Marketing Committee. He is a present board member of Habitat for Humanity.

    Robert Fishman, Senior Associate Director, Office of Strategic Initiatives, Federal Housing Finance Agency (FHFA)

    Robert Fishman is the Senior Associate Director of the Office of Strategic Initiatives in the Federal Housing Finance Agency (FHFA). He is responsible for leading, coordinating, and monitoring FHFA’s and the Enterprises’ activities related to FHFA’s Strategic Plan for the Enterprise Conservatorships. Robert is also the FHFA’s lead for the development and implementation of the Common Securitization Platform and the Single Security. Prior to joining FHFA in December 2012, Robert was the Managing Executive of the Office of Compliance Inspections and Examinations at the Securities and Exchange Commission, where he had responsibility for the operational functions (strategic planning, budget, information technology, human resource management, risk and surveillance analytics, etc.) of the National Exam Program. Previously, Robert was the Chief Risk Officer at the Government National Mortgage Association (“Ginnie Mae’) and he spent 15 years at Freddie Mac, where he held a variety of senior positions related to business operations and controls. He had previously worked at the U.S. Department of the Treasury and the Office of Management and Budget.

    Mark D. Hanson, Senior Vice President, Securitization, Freddie Mac

    Mark D. Hanson is the senior vice president of Freddie Mac’s Securitization Division. In this role, he oversees Freddie Mac's mortgage securitization efforts, including pass-thru, REMIC and strip issuance. He is also responsible for developing and implementing new mortgage security products and capabilities that meet the needs of institutional investors, broker/dealers, lenders, servicers and third party vendors. Additionally, Hanson leads Freddie Mac’s efforts supporting FHFA’s directives around the Single Security, expanding liquidity in the conventional TBA space.  Hanson was previously a vice president for Lazard Asset Management, where he managed mortgage and asset-backed positions for institutional clients. Since 1986, Hanson has held a number of positions, including a vice president of research for Donaldson, Lufkin & Jenrette, director of research for Freddie Mac's Securities Sales & Trading Group, and a security analyst for Metropolitan Life Insurance Company.

    Renee R. Schultz, Senior Vice President, Capital Markets and Single Family Business, Fannie Mae

    Renee Schultz is Fannie Mae’s Senior Vice President – Capital Markets, reporting to the Executive Vice President and Head of Single-Family Business. Ms. Schultz manages Fannie Mae’s Capital Markets Pricing and Sales Desk, the Credit Risk Transfer program, and the Whole Loan Conduit. Her teams are responsible for providing liquidity to lenders and the broader capital markets through establishing and implementing credit pricing terms, executing strategies to transfer credit risk associated with Fannie Mae’s single-family guaranty business, trading mortgage-backed securities (MBS) with capital markets participants, purchasing and subsequently securitizing whole loans, and purchasing pools and whole loans using Early Funding. Ms. Schultz also oversees Fannie Mae’s MBS policy team, which ensures proper administration of matters related to the strategic and business value of Fannie Mae MBS. Further, Ms. Schultz leads the Strategic Initiatives team responsible for Capital Markets strategic technology builds. Experience: Previously, Ms. Schultz was Vice President – Capital Markets Single-Family Products and Business Initiatives, where she was responsible for lender execution services, including MBS sales and trading, whole loan acquisition and conduit activities, and early funding transactions. During her tenure at Fannie Mae she has also served as Director for the Portfolio Whole Loan and Municipal Asset Desks. Ms. Schultz joined Fannie Mae in 1998.

  • Mets Legend, Keith Hernandez, in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event

    Read more Read less

    Meet Mets Legend Keith Hernandez.  
    He will answer your questions from 2:15 p.m. - 3:00 p.m. and then do a Meet-and-Greet and ball signing from 3:00 p.m. - 4:00 p.m.

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    Refreshment Break

  • Best Execution Strategies

    Location: Soho Complex,
    7th Floor


    Speaker(s)

    Daniel McPheeters, Associate Director, Mortgage Bankers Association

    Russell Brady, Vice President, Secondary Markets, Elevations Credit Union

    Christopher J. Cusack, Senior Vice President, Capital Markets, George Mason Mortgage, LLC a Subsidiary of Cardinal Bank

    Steven J. Robertson, Principal, Consumer Finance Group, PwC

    Robert Branthover, Managing Director, Secondary Solutions Group, Mortgage Industry Advisory Corporation - MIAC

    Concurrent Session

    Read more Read less

    Execution is the dominant driver in turning sound strategies into consistent, profitable business for a company. Hear from a panel of industry experts on how to convert dynamic pricing models into best execution strategies. Learn how to securely migrate from best efforts to mandatory execution, incorporate origination and hedging costs, and maximize the GSE buy-up / buy-down grids and pair-off opportunities.

    Speaker(s)

    Daniel McPheeters, Associate Director, Mortgage Bankers Association

    Daniel McPheeters is Associate Director of Secondary and Capital Markets in the Residential Policy group at the Mortgage Bankers Association. He serves as the organization’s lead capital markets policy expert, focusing on issues that impact the agency and non-agency securities markets. Dan’s role includes crafting responses to proposed regulatory and legislative initiatives, and representing MBA and its members before industry regulators and members of Congress. Dan also serves as the primary staff representative on the Secondary and Capital Markets committee and the REIT Executive Council. Prior to joining MBA, Dan served as a project manager for a retail clothing company, where he was responsible for facility life-cycle and energy use issues for the chain’s 250+ stores.

    Russell Brady, Vice President, Secondary Markets, Elevations Credit Union

    Russ Brady is the Vice President, Secondary Markets for Elevations Credit Union. He is responsible for the pricing, hedging, and investor delivery of single-family mortgages. Russ also participates in the management of the credit union’s investment portfolio.  Russ has over 20 years of industry experience. Prior to joining Elevations in 2012, Russ spent the previous 8 years with Lehman Brothers/Aurora Loan Services where he held the positions of Vice President of Capital Markets and Vice President of Contract Administration. Prior to Aurora, Russ spent the previous 7 years with Ohio Savings Bank where he held various positions including the Director of Strategic Analysis for the Mortgage Division.

    Christopher J. Cusack, Senior Vice President, Capital Markets, George Mason Mortgage, LLC a Subsidiary of Cardinal Bank

    Chris Cusack is a strategic leader with over 25 years of experience in capital markets, mortgage lending and financial services. Currently, as Senior Vice President of Capital Markets, he is responsible for developing/executing capital markets strategy and enhancing the secondary marketing activities at George Mason Mortgage, a leading retail lender headquartered in Fairfax, VA. Prior to joining GMM in 2013, Chris was at Capital One (through the acquisition of Chevy Chase Bank, FSB) where he was the head of secondary marketing. Prior to Capital One, Chris was at Farmer Mac where he issued debt, co-managed its fixed income portfolio, issued agricultural MBS, and managed interest rate risk.

    Steven J. Robertson, Principal, Consumer Finance Group, PwC

    Steve Robertson is a Principal in PwC’s Consumer Finance Group (CFG) with over 17 years of professional experience in mortgage asset valuation and risk management. Steve provides mortgage asset valuation and risk management advisory services to various consumer finance and bank affiliated mortgage companies and government agencies including prime, home equity, and credit card lenders and servicers. Steve is one of the firm’s model validation specialists for interest rate lock commitments, whole loan, MSR, and securitization residual valuation and risk management models and supports some of PwC’s largest Financial Services audit clients by auditing model-based critical accounting estimates. Steve has extensive mortgage Capital Markets engagement experience ranging from developing valuation and risk management policies, procedures, and reporting packages to supporting Internal Audit with audits of MSR and secondary marketing hedge strategy and risk management controls. In addition to model validation engagements, Steve has led pre-regulatory examination secondary marketing and MSR risk and control assessments as well as company-wide risk and control assessments for several bank-owned mortgage companies. Steve is a frequent speaker at Mortgage Bankers Association conferences on secondary marketing and MSR topics.

    Robert Branthover, Managing Director, Secondary Solutions Group, Mortgage Industry Advisory Corporation - MIAC

    Robert Branthover Co-Heads MIAC’s Secondary Solutions Group and works with over 100 originators to mitigate interest rate risk. Rob has helped over 50 originators move from Best Efforts to Mandatory as well as analyze the retained/released execution alternatives and assisting customers as they transition to selling directly to the GSE’s and GNMA.  Rob has formally worked for Lehman Brothers, Chase Home Finance and JPMorgan Chase.  At Lehman Brothers, Rob was a Fixed Income Salesman in the Bank Specialist Group and headed of the Community Banking Team.  While at Chase, Rob was responsible for the Jumbo/Alt-A Fixed rate Mortgage Pipeline between 1998-2003. He was charged with pricing, hedging, selling or securitizing this product segment into the secondary markets. Jumbo/Alt-A Fixed volume represented approximately $4Billion per annum.  Rob spent seven years in the Interest Rate Risk Management department of The Chase Manhattan Bank, where he was directly involved with hedging the banks Assets and Liability’s mismatch as well as the Mortgage Servicing Rights (MSR) Portfolio.  This included participating in the establishment and maintenance of the Funds Transfer Pricing model, which aggregated all interest rate risk to the Treasury department. Rob has experience pricing and trading, Interest Rate Swaps, Cap/Floor’s, Swaptions, MBS, PO’s, Treasury and Eurodollar Futures and Options. Rob brings considerable market insight to MIAC Analytics from a practical hedging perspective.  MIAC AnalyticsTM is licensed by over half of the top 25 largest mortgage banking firms in the country, and each month over $2.5 trillion dollars of mortgages and MSRs are valued in MIAC Analytics. MIAC Analytics is a complete integrated mortgage banking asset/liability model.

  • Preserving Access to Credit

    Location: Empire Complex,
    7th Floor


    Speaker(s)

    Danny Gardner, Vice President, Affordable Lending Access to Credit, Freddie Mac

    Anne Segrest McCulloch, Senior Vice President, Credit and Housing Access, Fannie Mae

    Nathan Burch, President, McLean Mortgage Corporation

    Marisa Calderon, Executive Director, The National Association of Hispanic Real Estate Professionals - NAHREP

    Matthew Nichols, Managing Partner, Deephaven Mortgage

    Faith Schwartz, Senior Vice President, Government Affairs, CoreLogic

    Concurrent Session

    Read more Read less

    Seasoned industry experts analyze recent regulatory changes and their impact on access to credit moving forward. Discuss the challenges lenders face with certain borrower segments and the underserved, including first time homebuyers, those with thin credit files, those with repaired credit, credit invisibles and “boomerang borrowers” re-entering the market after foreclosure. Leave with strategies to use when balancing credit risk, access to credit and homeownership.

    Speaker(s)

    Danny Gardner, Vice President, Affordable Lending Access to Credit, Freddie Mac

    Danny Gardner recently joined Freddie Mac as its new Vice President for Affordable Lending and Access to Credit. He is a 23 year veteran of the Mortgage Industry, with the majority of that time spent in leadership roles focused on providing opportunities for families to purchase their first homes.  He began this journey in 1995 when he took over management of the MRB Program Administration Division of Lomas Mortgage USA, primarily supporting Local Housing Finance Agencies and their constituents by acquiring and servicing mortgages originated through tax-exempt lending programs.  Danny maintained this role for 13 years and through two acquisitions, eventually ascending to the title of SVP and National Director of Strategic Markets at Citimortgage, where he assumed accountability for the company’s mortgage lending performance under the Community Reinvestment Act, including oversight of subsidy programs, non-profit partnerships, diverse segments strategies and LMI-focused portfolio programs.  At the advent of the recent foreclosure crisis, Danny was given a unique opportunity to help build a new national non-profit intermediary organization: the National Community Stabilization Trust. Serving as its Chief Operating Officer, the Trust established a national infrastructure to help local municipalities and non-profits in their mission to reclaim neighborhoods devastated by the foreclosure crisis by providing priority access to properties that were vital to neighborhood stabilization efforts.  Prior to joining Freddie Mac, Danny was Vice President of CRA Lending at Capital One Home Loans, where he built a diverse and LMI-focused loan origination team. 

    Anne Segrest McCulloch, Senior Vice President, Credit and Housing Access, Fannie Mae

    Anne Segrest McCulloch, is a Senior Vice President of Credit and Housing Access at Fannie Mae. McCulloch is a regulatory lawyer and operating executive with over 25 years of experience leading and advising financial services and housing industry organizations in streamlining operations and building new capabilities. McCulloch leads Fannie Mae’s strategic initiative to expand access to sustainable mortgage credit and affordable housing. In this role, she works with a wide range of stakeholders to understand emerging consumer needs and develop responsive products and processes. She led customer engagement efforts that led to a 10x increase in housing finance agency business in only four years. As divisional general counsel for Fannie Mae’s apartment finance business, she restructured her team to handle a 2x increase in apartment loan acquisitions and a 7.5x increase in workouts and foreclosures without changing total staffing. She served as the joint Chief of Staff for Fannie Mae’s first non-executive Chairman and CEO, serving as a bridge between executive management, the Chairman and the Board of Directors. McCulloch served in a range of positions with the U.S. Department of Housing and Urban Development, the Federal Deposit Insurance Corporation and the Resolution Trust Corporation. Before entering government service, McCulloch represented nonprofit groups, pension and health and welfare funds and labor unions on investment, administration and mission issues.

    Nathan Burch, President, McLean Mortgage Corporation

    Nathan Burch is the President and Founder of McLean Mortgage Corporation, a mortgage lender devoted to helping their clients achieve home ownership through quality service and experience within the loan process since 2008. Nathan founded the company in the midst of the financial crisis in order with a goal of become a leader within the industry by helping homeowners and prospective homeowners navigate the lending to process with ease. In the past eight years, McLean Mortgage Corporation has become a national leader and has been was named a top 75 Largest Volume Mortgage Lender in the Nation by Scotsman Guide, a top 10 lender in the Washington DC area by the Washington Business Journal and the 10th Best Mortgage Company to Work For by Mortgage Executive Magazine.  Prior to founding McLean Mortgage Corporation, Burch served as Vice President and Senior Loan Officer at Dominion Mortgage and Chief Operating Officer at NorthPoint Mortgage. Nathan is a native of Northern Virginia, and has been in the industry for over a decade. He is a 1997 graduate of the George Mason University School of Management with a BS in Marketing.  Nathan is a long standing member of the Mortgage Bankers Association. He has served the industry through the MBA by sitting on several committees, including the President’s Advisory Group, Residential Loan Steering, Loan Officer Compensation and the Qualified Mortgage Working Group and has served on the Board of Governors of the Mortgage Bankers Association of Metropolitan Washington as well. In 2014, Burch was named to the Board of Directors of the Mortgage Bankers Association of America. He currently serves on the Steering Committee of the Mortgage Bankers Association’s Political Action Committee and has just received the prestigious Burton C. Wood Legislative Service Award from the MBA.

    Marisa Calderon, Executive Director, The National Association of Hispanic Real Estate Professionals - NAHREP

    Marisa Calderon is executive director of the National Association of Hispanic Real Estate Professionals (NAHREP). She is an 18 year veteran of the financial services and housing industry.  Ms. Calderon takes a direct role in the association's conference and event planning efforts, including NAHREP’s Housing Policy and Hispanic Lending Conference in Washington, D.C. and the association's marquee event, the National Convention and Latin Music Festival.  She has prior advocacy and leadership experience as a chairman of the board of the California Wilderness Coalition where she engaged in grassroots efforts, and leveraged relationships with Congressional offices.  Ms. Calderon serves on the advisory board of Banc of California, on the board of directors of the Hispanic Wealth Project and is co-author of the association's annual publication, The State of Hispanic Homeownership. She speaks at conferences and events regarding NAHREP’s advocacy efforts, policy positions and on general Hispanic housing trends.

    Matthew Nichols, Managing Partner, Deephaven Mortgage

    Matthew Nichols is the CEO and Founder of Deephaven Mortgage. Deephaven is the leading purchaser of Non-QM loans and works closely with originators to help them develop products to reach borrowers unserved by today’s mortgage market. Deephaven was founded in 2012 and was acquired in 2014 by funds managed by Värde Partners, a $10 billion global investment firm. Prior to founding Deephaven, Mr. Nichols was a Managing Director at Goldman Sachs where he ran the Residential Mortgage Loan Business. Over his twelve years at Goldman, Mr. Nichols built and ran multiple non-agency loan acquisition, origination, servicing, and securitization businesses.

    Faith Schwartz, Senior Vice President, Government Affairs, CoreLogic

    Faith Schwartz is the Senior Vice President of Government and Public Affairs at CoreLogic. Faith joined CoreLogic in 2013 to lead a Washington based effort in building business and relationships with the Government, non-profits, think tanks and universities. She now leads the public policy efforts for CoreLogic in Washington DC. Prior to this, she led the crisis era HOPE NOW Alliance, a non-profit coalition created in 2007 to bring together, trades, servicers, lenders, investors, Federal Reserve Banks, Government agencies, and government-sponsored enterprises (GSEs) to help homeowners in distress stay in their homes. She was a public face throughout the housing crisis, participating in interviews, face-to-face outreach events with distressed homeowners, and through congressional testimony at the Federal and State level. Faith has also testified to the Federal Reserve Board.

  • Reception,

    MAA Event

  • Networking Opportunities,

    Reception

Tuesday, May 17, 2016

  • Associate Member Council Meeting (By Invitation Only)

    Location: Music Box/Winter Garden,
    6th Floor

    Member Services Event

  • Registration

    Location: 45th St. Registration Desk,
    5th Floor

    Registration

  • Continental Breakfast

    Location: Broadway Ballroom Foyer,
    6th Floor

    Networking Opportunities,

    Breakfast

  • General Session: Perspectives on Liquidity from the New York Fed, followed by a Panel on Portfolio Lending

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Doug Maxham, Director, Secondary Markets, Pentagon Federal Credit Union

    Matthew Tomiak, Managing Director, Redwood Trust, Inc.

    J. David Motley, CMB, Vice-Chairman, Mortgage Bankers Association, President, Colonial Savings, F.A.

    Jill Streit, Senior Vice President and Finance Director Portfolio Management

    Brett Manning, CFA, Vice President and Director, Member Strategies, Federal Home Loan Bank of Des Moines

    Nathaniel Wuerffel, Senior Vice President and Director of Treasury Markets, Markets Group, Federal Reserve Bank of New York

    General Session

    Read more Read less

    Join us as Federal Reserve Bank of New York's Nathaniel Wuerffel speaks on "Liquidity and Market Structure: Treasury and Agency MBS," and answers questions. Then, a panel of industry leaders will explore the market and regulatory forces which are driving the trend of depositories retaining a growing share of mortgage production for portfolio investment.

     

    Speaker(s)

    Doug Maxham, Director, Secondary Markets, Pentagon Federal Credit Union

    Douglas Maxham is PenFed Credit Union Director of Secondary Marketing. He is responsible for the strategic initiatives, pricing and execution, whole loan sales and interest rate risk hedging strategies transforming the way PenFed does business with our seller/servicers. Mr. Maxham has over 20 years of experience in the Mortgage Banking industry primarily in Secondary Marketing, Risk Management, and MSR. His prior experience includes VP Secondary Marketing at Proficio and Vice President/ Risk Manager/Secondary Marketing for Everbank. Mr. Maxham joined PenFed in May 2015.

    Matthew Tomiak, Managing Director, Redwood Trust, Inc.

    Matthew J. Tomiak is currently a Managing Director, employed by Redwood Trust since February 2014. Prior to joining Redwood, Mr. Tomiak was a Senior Vice President at Bank of America where he focused on mortgage liquidity and financing alternatives. Previously, Mr. Tomiak was a founding member of 12th Street Capital, LLC, a broker dealer which eventually became a division of GFI Group Inc. and a Senior Vice President at Countrywide Securities Corporation where he was responsible for RMBS issuance. Mr. Tomiak began his career as an attorney at Sidley Austin Brown & Wood.

    J. David Motley, CMB, Vice-Chairman, Mortgage Bankers Association, President, Colonial Savings, F.A.

    David Motley, Vice-Chairman of the Mortgage Bankers Association, is President of Colonial Savings, F.A. and its divisions -- Colonial National Mortgage and CU Members Mortgage.  David has been an active member of MBA for more than two decades. He has served on MBA's Board of Directors for six years, and has served on MBA's Residential Board of Governors (RESBOG) since 2008, including two years as RESBOG Chair. David has participated on MBA's Secondary and Capital Markets, Residential Loan Production and Loan Administration Committees, and as the Servicing-21 Working Group Co-Chair. He has received MBA's Andrew D. Woodard Distinguished Service and Top 25 Member Heads of Mortgage Awards.

    Jill Streit, Senior Vice President and Finance Director Portfolio Management

    Jill Streit is the Senior Vice President and Finance Director Portfolio Management at EverBank. Ms. Streit joined EverBank in July 2011 as the Finance Director for Portfolio Management, Treasury and Secondary Marketing. She brings with her twenty years’ experience, with financial services and mortgage banking expertise. In her career with EverBank, Ms. Streit has been responsible for directing and overseeing the financial planning and analysis related to consumer activities including the execution of strategic goals, complex accounting and financial accuracy, balance sheet management, risks and controls over financial reporting and operations, change leadership and policy and procedure development. Prior to joining EverBank, Ms. Streit worked at Deloitte as part of the Assurance and Advisory Services group with international leadership experience. Ms. Streit earned her degree in Accounting at Miami University and has successfully completed the CPA exam.

    Brett Manning, CFA, Vice President and Director, Member Strategies, Federal Home Loan Bank of Des Moines

    Brett Manning, CFA is Vice President and Director of Member Strategies at the Federal Home Loan Bank of Des Moines.  Brett’s mastery of balance sheet management and optimization strategies is the direct result of 18 years’ experience working with every type of FHLBank member, from depository institutions to insurance companies. He has worked at virtually every level of these diverse businesses, from tracking and maximizing specific collateral positions, to using mortgage originations to dramatically boost balance sheet growth, to identifying and mitigating enterprise-level interest-rate risk.  Brett serves FHLB Des Moines members by leading the strategic efforts of Member Strategies and consulting directly with members to assess and increase balance sheet performance.

    Nathaniel Wuerffel, Senior Vice President and Director of Treasury Markets, Markets Group, Federal Reserve Bank of New York

    Nate Wuerffel is Senior Vice President and Director of Treasury Markets in the Markets Group of the Federal Reserve Bank of New York. He is responsible for overseeing the group’s Treasury securities trading desk, which carries out open market trading operations, monitors and analyzes market developments, and serves as a fiscal agent to the U.S. Treasury in the issuance of government securities. Nate serves as a senior liaison to the Treasury Market Practices Group, a group of market professionals sponsored by the New York Fed that promotes best practices in the Treasury, agency debt and agency MBS markets. Prior to his current role, Nate was the Director of the agency MBS trading desk, and held a variety of other positions at the New York and Chicago Fed banks.

  • COFFEE SPOT in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event

  • THE HUB is Open

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Exhibit Hours

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Refreshment Break

  • General Session: Economic Outlook

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Sean Becketti, Vice President and Chief Economist, Freddie Mac

    Douglas G. Duncan, Senior Vice President and Chief Economist, Fannie Mae

    Michael Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology, Mortgage Bankers Association

    General Session

    Read more Read less

    MBA’s chief economist is joined by guest economists to compare and contrast their views for the housing and mortgage markets. The presentation will include outlooks for mortgage rates, industry volume, as well as other critical trends of importance to the industry.

    Speaker(s)

    Sean Becketti, Vice President and Chief Economist, Freddie Mac

    Sean Becketti is Vice President, Chief Economist and head of Freddie Mac’s Economic & Housing Research department. In this position, Becketti is responsible for research, analysis and forecasts of the macroeconomy with a special focus on housing and mortgage markets. Mr. Becketti came to Freddie Mac from Flagstar Bank where he served as Senior Vice President and Head of Modeling & Analytics. Earlier, he headed up Fannie Mae’s applied research function where he led a 70-person team of modelers, analysts and developers. His experience also includes senior executive roles with Washington Mutual and Wells Fargo where he led research functions focused on mortgage markets and capital markets. Mr. Becketti previously worked at Freddie Mac from 1996 – 2001 in several senior financial and analytical roles. Earlier in his career, he served as senior economist with the Federal Reserve Bank of Kansas City and as an assistant professor of economics at UCLA.

    Douglas G. Duncan, Senior Vice President and Chief Economist, Fannie Mae

    Douglas G. Duncan is Fannie Mae's senior vice president and chief economist. He is responsible for providing all forecasts and analyses on the economy, housing, and mortgage markets for Fannie Mae. Duncan also oversees corporate strategy and is responsible for strategic research regarding external factors and their potential impact on the company and the housing industry. He serves as the Chair of the Fannie Mae Corporate House Price Forecast Committee. Named one of Bloomberg/ BusinessWeek's 50 Most Powerful People in Real Estate, Duncan is Fannie Mae's source for information and analyses on the external business and economic environment, the implications of changes in economic environment to the company's strategy and execution, and forecasting for housing activity, demographics, overall economic activity, and mortgage market activity. Prior to joining Fannie Mae, Duncan was Senior Vice President and Chief Economist at the Mortgage Bankers Association. His experience also includes service as a LEGIS Fellow and staff member with the Committee on Banking, Finance, and Urban Affairs for Congressman Bill McCollum in the U.S. House of Representatives, and work on the Financial Institutions Project at the U.S. Department of Agriculture.

    Michael Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology, Mortgage Bankers Association

    Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of the Mortgage Industry Standards Maintenance Organization (MISMO). He also serves on the CSP's Industry Advisory Group. Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae, and was responsible for assessing macroeconomic, regional, housing, and mortgage market trends, and providing technical expertise regarding credit pricing and mortgage policy issues.

  • Lunch in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Lunch

  • Women in Real Estate Finance Lunch and Networking Event

    Location: Astor Ballroom,
    7th Floor


    Speaker(s)

    Kim Azzarelli, Chair and Co-Founder of Cornell Law School's Avon Global Center for Women and Justice, Partner, Seneca Point Global

    Marcia M. Davies, Chief Operating Officer, Mortgage Bankers Association

    Networking Opportunities,

    Lunch

    Read more Read less

    Speaker(s)

    Kim Azzarelli, Chair and Co-Founder of Cornell Law School's Avon Global Center for Women and Justice, Partner, Seneca Point Global

    Kim Azzarelli is a business, philanthropic, and legal advisor focused on advancing women and girls. Together with Ambassador Melanne Verveer, Ms. Azzarelli is a co-founder of Seneca Women and co-author of the new book Fast Forward: How Women Can Achieve Power and Purpose. She is Chair and Co-founder of Cornell Law School’s Avon Global Center for Women and Justice, and a Partner at Seneca Point Global.

    Prior to her work with Seneca, Ms. Azzarelli served as Senior Vice President of the Newsweek Daily Beast Company, where she led strategy, partnerships, and philanthropy for Women in the World. She has held senior philanthropic and legal roles at Goldman Sachs and Avon, respectively. At Goldman, she led the billion-dollar donor advised fund, Goldman Sachs Gives. At Avon, she served as Vice President, Legal and Public Affairs and Corporate Secretary. Prior to joining Avon, Ms. Azzarelli practiced corporate and securities law at Latham and Watkins.

    Ms. Azzarelli is an adjunct professor at Cornell Law School, where she teaches Women, Law and the Economy and Women, Law and Technology. She is an author on matters relating to women and girls, including "Sustainable Development, Rule of Law and the Impact of Women Judges," co-authored with Justice Sandra Day O’Connor, and numerous articles on women's economic participation.

    Marcia M. Davies, Chief Operating Officer, Mortgage Bankers Association

    Marcia Davies is Chief Operating Officer for the Mortgage Bankers Association. As COO, Marcia is responsible for ensuring cross organizational alignment and facilitating the implementation of strategic initiatives, as well as maintaining key oversight of projects that are organizational priorities. She is also the lead strategist for MBA's external activities, providing leadership, guidance and overall management to the public affairs and marketing divisions. In addition, Marcia provides strategic direction and management of MBA's conferences and operational departments including Information Technology, Education, Office Services and Membership Operations. Previously, Marcia worked at the U.S. Department of Housing and Urban Development (HUD), as Senior Advisor to the Assistant Secretary for Housing and Federal Housing Commissioner. She directed HUD's industry relations program to strengthen relationships, garner support, streamline communications and resolve policy and regulatory issues. Before joining HUD, Marcia spent 21 years at Freddie Mac, where she held a variety of officer positions including Vice President of Strategy, Customer Outreach and Marketing; Vice President of Servicer Relations and Policy; and Vice President of Customer Outreach and Eligibility. Marcia also provides management oversight to and is a Board member of MBA's Opens Doors Foundation. In 2015, she was honored by HousingWire as one of its 2015 Women of Influence.

  • Liability and New Risks for Secondary Market Investors

    Location: Soho Complex,
    7th Floor


    Speaker(s)

    Laurence Platt, Partner, Mayer Brown, LLP

    Suzanne Mistretta, Senior Director, Fitch Ratings

    John Levonick, Director, Regulatory Compliance, Clayton

    Daniel Goodwin, Director, Mortgage Policy, Structured Finance Industry Group - SFIG

    Eric Kaplan, Managing Partner, Structured Finance, Ranieri Strategies LLC

    Concurrent Session

    Read more Read less

    When is a loan purchaser liable for an originator’s violation of consumer credit loans? A panel of experts discusses the heightened risks of assignee liability and the implications for the secondary mortgage market, including the possibility of CFPB enforcement actions.

    Speaker(s)

    Laurence Platt, Partner, Mayer Brown, LLP

    Larry Platt is a partner at Mayer Brown LLP and concentrates his legal practice in representing purchasers and sellers of mortgage companies and mortgage-related assets, counseling clients on federal and state consumer credit laws, defending clients in government enforcement actions, and representing clients in governmental public policy matters. Mr. Platt is consistently ranked by Chambers USA and in 2015, Mr. Platt again was listed under Financial Services Regulation: Consumer Finance (Compliance) (Star Individuals) and Financial Services Regulation: Consumer Finance (Litigation) (Band 2). Mr. Platt was listed in the 2012- 2015 Best Lawyers in America guides in the area of banking and finance law. He also is a fellow of the American College of Consumer Financial Service Lawyers. Larry joined Mayer Brown in February 2016, along with 30 lawyers and 8 regulatory compliance analysts from his prior firm.

    Suzanne Mistretta, Senior Director, Fitch Ratings

    Suzanne Mistretta is a senior director in Fitch Ratings’ residential mortgage backed securities ratings group. She is responsible for the new issue rating and North American covered bond teams and contributes to criteria development and research. Previously, Suzanne worked in Fitch’s credit policy group where she was responsible for credit policy and global rating criteria with a focus on asset-backed and commercial mortgage backed securities in The Americas. Suzanne began her career at Fitch as an RMBS rating analyst in Fitch’s US RMBS group and was responsible for rating transactions and developing criteria.

    John Levonick, Director, Regulatory Compliance, Clayton

    John Levonick is a Director of Regulatory Compliance at Clayton.  Mr. Levonick has rich experience of advising mortgage industry participants on compliance, risk management and related legal matters. His expertise spans a wide array of consumer financial services regulatory compliance requirements and asset classes, including infrastructure related concerns, such as privacy, including TILA (Regulation Z), RESPA (Regulation X), FDCPA, UDAAP, FCRA/FACTA, ECOA (Regulation B), HMDA (Regulation C) and GLBA. He assisted clients in interpreting compliance requirements, developing risk mitigation strategies and implementing the requisite controls within technology platform(s) to best protect the individual client.  Mr. Levonick works with creditors, servicers, secondary market participants and technology vendors in providing guidance on mortgage lending laws such as TILA, RESPA, FDCPA, FCRA/FACTA, ECOA, HMDA and GLBA (including fair lending, state anti-predatory and consumer credit). Mr. Levonick was also responsible for overseeing the compliance content of vendor technology platforms, including policy tracking, interpretation and rule implementation. His experience as Chief Legal Officer, Chief Compliance Officer, Regulatory Counsel and Associate General Counsel in the mortgage lending industry has given him the skills to provide the guidance and direction required to navigate the challenges of a constantly changing regulatory environment.

    Daniel Goodwin, Director, Mortgage Policy, Structured Finance Industry Group - SFIG

    Dan Goodwin, Director of Mortgage Policy at Structured Finance Industry Group has over 25 years of experience in securitization, principal finance, and M&A with exposure to a wide range of asset classes. Before joining SFIG, he was Executive Vice President of Hilltop Holdings, a financial holding company based in Dallas, TX. Prior to that, Dan was a Managing Director at Bank of America Merrill Lynch, where held a variety of positions over the years, including: Head of Advisory Services, Head of Asset Securitization and Principal Investing – Originations, and Co-Head of Home Equity Banking providing advice and capital to commercial banks, money managers, specialty finance companies, and insurance companies. Before joining Bank of America predecessor NationsBank, in 1997, Dan held positions at Nomura Securities, Financial Security Assurance, and PaineWebber, all in mortgage related positions.

    Eric Kaplan, Managing Partner, Structured Finance, Ranieri Strategies LLC

    Eric Kaplan is a Managing Partner, Structured Finance for Ranieri Strategies LLC. With 22+ years of residential mortgage industry experience, Eric joined Ranieri Strategies from Shellpoint Partners LLC, a residential mortgage finance company of which Lewis S. Ranieri serves as Board Chair. At Shellpoint, Eric served as Head of Mortgage Finance, focusing primarily on building Shellpoint’s non-agency RMBS and whole loan program. Eric joined Shellpoint in 2011 from Morgan Stanley, where he had spent the previous 8-1/2 years helping to develop and manage its distressed residential mortgage business and covering a wide range of structured transactions and advisory engagements. Eric began his career in 1993 practicing structured finance law, and transitioned into banking in 1998. Active within the Structured Finance Industry Group (“SFIG”), Eric is Chair of SFIG’s “RMBS 3.0” Task Force, an industry-led initiative established to reinvigorate the private label RMBS market, and actively participates in several other SFIG policy committees and task forces. Eric also served as a working-group co-chair in the U.S. Treasury-led Private Label Securitization Initiative. In addition to focusing on Ranieri Strategies’ investment opportunities, Eric works closely with Mr. Ranieri on housing, mortgage and RMBS reform endeavors with regulators, industry colleagues and various industry groups

  • Whole Loan Trading

    Location: Empire Complex,
    7th Floor


    Speaker(s)

    Derek Katz, Managing Director, MountainView Capital Holdings

    John Toohig, Managing Director, Raymond James & Associates

    Michael Quinn, Executive Vice President, Correspondent Group, PennyMac Financial Services, Inc.

    Donald G. Calcaterra, Jr., CMB, AMP, President, First Equity Realty Corporation

    Mike Duncan, Managing Director, Compass Analytics, LLC

    Concurrent Session

    Read more Read less

    This session will explore current dynamics in the market for whole loans.  Experts will provide insight on scratch and dent loans impacted by Know Before You Owe (KYOB / TRID) and other regulatory compliance hurdles, as well as analysis of the NPL and RPL trades occurring. Finally, the session explores the potential for growing trading volume among IMBs looking for an alternative execution and community banks seeking mortgages for portfolio investment.

    Speaker(s)

    Derek Katz, Managing Director, MountainView Capital Holdings

    Derek Katz is a Managing Director at MountainView Capital Holdings. Working out of MountainView’s New York office, Derek Katz is primarily responsible for sourcing residential whole loan portfolios and identifying trading opportunities for the MountainView Mortgage Opportunities Funds. Mr. Katz also works with clients on the valuation, sale and purchase of residential mortgage servicing rights portfolios. In this role, Derek acts as an intermediary between buyers and sellers and provides insight on the secondary residential mortgage market. Before joining MountainView in 2008, Derek was a director in the Asset Securitization and Finance Group at Natixis Capital Markets and was responsible for all aspects of whole loan and mortgage-backed finance, including the origination and placement of mortgage-backed securities, transaction management and contract finance, portfolio and servicing oversight, and due diligence management. Prior to joining Natixis, he was a vice president in the Mortgage Trading and Finance Group at Credit Suisse First Boston, working primarily on subprime and second-lien whole loan trades and securitizations. Before joining Credit Suisse, Derek was a vice president in the Asset-Backed Securitization and Finance Group at UBS/Paine Webber, where he concentrated on auto leases, credit card receivables, aircraft leases, franchise loans, and mortgages.

    John Toohig, Managing Director, Raymond James & Associates

    John Toohig joined Raymond James (formerly Morgan Keegan) in September of 2006. As a trader in the Whole Loan group, Mr. Toohig’s primary responsibilities include day-to-day trading of whole loan packages, portfolio analysis, transaction management and the structuring of whole loan, participation and automobile securitizations (ABS). Mr. Toohig’s product focus encompasses both seasoned and new production: residential mortgages, commercial mortgages, consumer lending, scratch and dent loans, non-performing assets and ABS structured transactions. Prior to joining the Whole Loan group at Raymond James, Mr. Toohig was a part of the firm’s Taxable Banking platform where he was responsible for corporate debt transactions, trust preferred securities, sale leaseback transactions and ABS transactions.

    Michael Quinn, Executive Vice President, Correspondent Group, PennyMac Financial Services, Inc.

    Michael Quinn as Executive Vice President of Correspondent Products and Pricing, is responsible for overseeing all activities related to mortgage product management and guidelines, as well as margin management and pricing strategies within the Correspondent Lending channel of PennyMac. Cross Departmental responsibilities include PennyMac’s CRA distribution network and Co-Issue (MSR) acquisition. Quinn also serves on PennyMac’s executive management team.  Quinn joined PennyMac in October 2011 from Bank of America where he most recently served as the Regional Sales Executive of National Accounts for Bank of America’s Correspondent Lending Division. At Bank of America, Quinn managed the Senior Sales Executives covering the nation’s largest mortgage bankers, banks and financial institutions. Quinn joined Countrywide Financial Corporation, a predecessor to Bank of America Home Loans, in 2002 and managed all activities related to Prime Pricing and Strategic Transactions. Prior to Countrywide, Quinn directed Secondary Marketing activities for FiNet.com, Commerce Security Bank, and Western Cities Mortgage.

    Donald G. Calcaterra, Jr., CMB, AMP, President, First Equity Realty Corporation

    Donald G. Calcaterra, Jr., CPA CMB AMP is President of First Equity Realty Corporation, a privately-held commercial and residential real estate holding company located in Roseville, Michigan. He was formerly President of Towne Mortgage Company, a residential mortgage lender/servicer that was sold by First Equity in 2014. First Equity retained an ownership interest in Towne and Don remains on its Board.  Don is a member of the Mortgage Association of America’s (MBA) Residential Board of Governors, the MBA Ambassador for the State of Michigan and is active on several MBA committees. He is the Chairman of the State of Michigan Mortgage Industry Advisory Board. Don is a graduate of the Mortgage Bankers Association (MBA) School of Mortgage Banking and holds the MBA Accredited Mortgage Professional (AMP) and Master Certified Mortgage Banker (CMB) designations.

    Mike Duncan, Managing Director, Compass Analytics, LLC

    Mike Duncan joined Compass Analytics as an Account Manager in December 2011 managing Pipeline and MSR clients. Prior to joining Compass Analytics, Mike spent 4 years at Bank of America working on their Assignment of Trade pricing analytics desk and covering large mortgage originators as a National Account Executive. Currently, Mike holds the title of Managing Director working in business development where his responsibilities include development of the Compass Analytics MSR cash flow, pipeline risk management and correspondent bidding models, integrating Compass’s suite of analytics with various industry partners, and providing software demonstrations for prospective clients.

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    HUB Event,

    Refreshment Break

  • Credit Risk Transfer

    Location: Soho Complex,
    7th Floor


    Speaker(s)

    Ted Durant, Vice President, Analytic Services, Mortgage Guaranty Insurance Corporation (MGIC)

    Kaustub Samant, Vice President, J.P. Morgan Securities LLC

    Kevin Palmer, Senior Vice President, Single-Family Credit Risk Transfer, Freddie Mac

    Robert Schaefer, Vice President, Credit Enhancement Strategy and Managment, Fannie Mae

    Richard K. MacWilliams, Co-Founder and Managing Partner, Vista Capital Advisors

    Michael Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology, Mortgage Bankers Association

    Concurrent Session

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    This panel will explore the successes and challenges from the back-end credit risk transfer efforts so far, and discuss the potential for up-front CRT including greater use of lender recourse and the potential for deeper MI coverage.

    Speaker(s)

    Ted Durant, Vice President, Analytic Services, Mortgage Guaranty Insurance Corporation (MGIC)

    Ted Durant has been with MGIC for over 20 years and is currently the Vice President of Risk Management. As the nation's oldest provider of private mortgage insurance, MGIC has a considerable interest in statistical analysis and forecasting of home prices, prepayment and default risk. The analytic services team at MGIC provides those tools both to internal users and externally to MGIC's clients. In addition to his work at MGIC, Ted has experience in oil & gas exploration, real estate development, chocolate manufacturing, and bicycle manufacturing and retailing.

    Kaustub Samant, Vice President, J.P. Morgan Securities LLC

    Kaustub Samant has worked on the Securitized Products Research team at J.P. Morgan since 2011, where he has been a member of the #1 ranked Institutional Investor non-agency MBS and #2 ranked ABS teams. Before joining the Securitized Products Research team, Kaustub spent three years as part of JPMorgan's cross asset marketing and structuring where he was responsible for selling stable value wraps to banks and asset managers. Kaustub graduated from Columbia University with a degree in Applied Mathematics.

    Kevin Palmer, Senior Vice President, Single-Family Credit Risk Transfer, Freddie Mac

    Kevin Palmer as Senior Vice President, Single-Family Credit Risk Transfer, Kevin leads our strategic direction for transferring credit risk in a variety of markets. He has pioneered the development of a new market for credit risk transfer, leading a team to develop offerings including Structured Agency Credit Risk (STACR®), Agency Credit Insurance Structure (ACIS®), and Whole Loan SecuritiesSM. These and other innovations provide the tools to allow the transfer of a significant amount of credit risk from Freddie Mac, Kevin joined Freddie Mac in 2001 and has served in a variety of positions in areas including security sales and trading, non-agency residential mortgage-backed portfolio management, and costing.

    Robert Schaefer, Vice President, Credit Enhancement Strategy and Managment, Fannie Mae

    Rob Schaefer is Vice President of Credit Enhancement Strategy and Management at Fannie Mae. Schaefer is responsible for managing Fannie Mae’s engagements with, and counterparty risk to, approved mortgage insurers. Additionally, Schaefer is responsible for developing and managing Fannie Mae’s capabilities for transferring credit risk to insurance providers, enhancing Fannie Mae’s ability to manage the credit risk for its book of business under varying economic scenarios and meet FHFA goals for risk transfer. Previously, Schaefer held the Fannie Mae positions of Director of Single-Family Credit Enhancement; Director, Fannie Mae Trading Desk; and Director, Product Development and Program Management.

    Richard K. MacWilliams, Co-Founder and Managing Partner, Vista Capital Advisors

    Richard K. MacWilliams is Co-Founder and Managing Partner of Vista Capital Advisors, a financial products innovation company. He is also the former Chairman of Intelligent Markets, Inc. and the former Chairman of BoardEx. Previously, Mr. MacWilliams was Executive Vice President of Bridge Information Systems. Mr. MacWilliams joined Bridge as a result of Bridge’s acquisition of EJV Partners, where he served in various roles including President and Chief Executive Officer. EJV Partners was a joint venture among six large Wall Street firms specializing in fixed income data and trading systems. Prior to his involvement in the information technology sector, Mr. MacWilliams was Executive Vice President and head of government bond trading at Drexel Burnham Lambert. He held a similar post at Donaldson, Lufkin and Jenrette (DLJ) where he also served as President and CEO of ACLI Commodity Services, a worldwide commodity trading company acquired by DLJ.

    Michael Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology, Mortgage Bankers Association

    Michael Fratantoni is MBA's Chief Economist and Senior Vice President of Research and Industry Technology. In this role, he is responsible for overseeing MBA's industry surveys, benchmarking studies, economic and mortgage originations forecasts, industry technology efforts, and policy development research for both single-family and commercial/multifamily markets. Additionally, Fratantoni is president and member of the Board of Directors of the Mortgage Industry Standards Maintenance Organization (MISMO). He also serves on the CSP's Industry Advisory Group. Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae, and was responsible for assessing macroeconomic, regional, housing, and mortgage market trends, and providing technical expertise regarding credit pricing and mortgage policy issues.

  • The Intersection of Policy and Politics in the Secondary Market

    Location: Empire Complex,
    7th Floor


    Speaker(s)

    Christopher Whalen, Senior Managing Director and Head of Research, Kroll Bond Rating Agency

    Jaret Seiberg, Managing Director, Financial Services Policy Analyst, Guggenheim Securities, LLC

    Paul J. Miller, CFA, Managing Director and Head of Financial Services/Real Estate Research, FBR Capital Markets & Co.

    Peter Carroll, Executive Vice President, Policy and Counterparty Relations, Quicken Loans, Inc.

    Steve O'Connor, Senior Vice President, Public Policy and Industry Relations, Mortgage Bankers Association

    Concurrent Session

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    Leading market analysts provide their insights regarding how different business models may be impacted by the policy environment, and which challenges may impact your business strategy.

    Speaker(s)

    Christopher Whalen, Senior Managing Director and Head of Research, Kroll Bond Rating Agency

    Christopher Whalen is Senior an investment banker and author who lives in New York City. He is Senior Managing Director and Head of Research at Kroll Bond Rating Agency, where he is responsible for credit ratings for financial institutions, corporates and sovereign nations. Over the past three decades, Christopher has worked for financial firms such as Bear, Stearns & Co., Prudential Securities, Tangent Capital Partners and Carrington. He was a co-founder and principal of Institutional Risk Analytics from 2003 through 2013. Christopher is the author of the December 2010 book, "Inflated: How Money and Debt Built the American Dream," now in a second printing from John Wiley & Sons. He is co-author with Frederick Feldkamp of the 2014 book “Financial Stability: Fraud, Confidence & the Wealth of Nations” published by John Wiley & Sons. Christopher is a member of the Finance Department Advisory Council at the Villanova School of Business and a member of the Economic Advisory Committee of the Financial Industry Regulatory Authority (FINRA). He is a member of FINRA and holds Series 79 & 24 securities licenses. Christopher contributes articles to Zero Hedge, American Banker, Housing Wire and The National Interest. Christopher has testified before Congress, the Securities and Exchange Commission and Federal Deposit Insurance Corporation on a range of financial, economic and political issues. He appears regularly in such media outlets as CNBC, Bloomberg, Fox News and Business News Network.

    Jaret Seiberg, Managing Director, Financial Services Policy Analyst, Guggenheim Securities, LLC

    Jaret Seiberg is a Managing Director and Financial Services Policy Analyst in Guggenheim’s Washington Research Group, covering housing and financial services policy and the credit crisis. He has nearly 25 years of relevant experience, having started his career in Washington following Congress’ efforts to clean up the savings and loan crisis. Prior to joining Washington Research Group, Mr. Seiberg spent more than a decade following Washington policy developments as the Washington bureau chief and assistant managing editor of The Deal and The Daily Deal. Previously, he was the deputy bureau chief for the American Banker.

    Paul J. Miller, CFA, Managing Director and Head of Financial Services/Real Estate Research, FBR Capital Markets & Co.

    Paul Miller, Jr. CFA is the Managing Director and Head of Financial Services/Real Estate Research at FBR Capital Markets & Co. Mr. Miller is well known in the investment community for providing in-depth, fundamental analysis and investment recommendations on money center, regional, and community banks, as well as on mortgage finance companies. Mr. Miller’s coverage includes Wells Fargo & Co., JPMorgan Chase & Co., Bank of America, and U.S. Bancorp. In 2010, Mr. Miller was named the top overall stock analyst among 2,700 analysts by Forbes.com. He also received the Forbes.com Blue Chip Analyst Award as the leading analyst covering banks & thrifts in 2008, 2009, and 2010; he received the same award for coverage of finance companies in 2009. Mr. Miller was recognized by the Financial Times/StarMine in 2008 and 2009 as the leading earnings estimator in thrifts & mortgage finance. He was also named The Wall Street Journal’s “Best on the Street” in 2006 and 2007 for coverage of thrifts. In 2008, Bloomberg Markets ranked Mr. Miller No. 1 for Bearish Best Calls from among more than 3,000 analysts worldwide. Mr. Miller is a former bank examiner for the Federal Reserve Bank of Philadelphia, where he worked for five years. As a bank examiner, Mr. Miller conducted financial analysis for more than 30 community banking institutions in the Philadelphia and Harrisburg market areas.

    Peter Carroll, Executive Vice President, Policy and Counterparty Relations, Quicken Loans, Inc.

    Peter Carroll is Executive Vice President, Mortgage Policy and Counterparty Relations at Quicken Loans where he provides expertise on recent and emerging changes in the asset sales environment including, housing reform legislation and regulatory changes in the origination, servicing and secondary markets. Prior to Quicken, Pete held a similar role as SVP of Capital Markets at Wells Fargo & Co.  Prior to Wells Fargo, Pete was Assistant Director of the Office of Mortgage Markets at the Consumer Financial Protection Bureau (CFPB). At CFPB, Pete lead a team responsible for monitoring and analyzing markets for mortgage related products and services as well as assessing the impacts of mortgage rulemaking on providers, consumers, and other stakeholders. Pete provided market insight and leadership throughout the development of the CFPB’s Dodd-Frank Title XIV rulemakings.  Prior to joining the CFPB, Pete was Co-Founder of Overture Technologies, a venture-funded Fintech company providing credit risk management services and technologies. Pete has also worked for the management consulting firms Price Waterhouse, LLP and KPMG Peat Marwick, LLP.  Pete has served on the Board of Directors of both the Structured Finance Industry Group (SFIG) and the Mortgage Industry Standards Maintenance Organization (MISMO).

    Steve O'Connor, Senior Vice President, Public Policy and Industry Relations, Mortgage Bankers Association

    Steve O'Connor is Senior Vice President of Public Policy and Industry Relations at the Mortgage Bankers Association (MBA). He manages MBA's residential policy process for legislative, regulatory, and industry issues. O'Connor directs MBA's regulatory advocacy efforts. He is also responsible for outreach to industry groups, consumer organizations, and other key stakeholders. O'Connor is a regular guest speaker on industry issues. O'Connor leads MBA's Consumer Affairs Advisory Council. He also serves on a number of industry boards, including the National Housing Conference, the National Association of Hispanic Real Estate Professionals, HOPE LoanPort, and Freddie Mac's Affordable Housing Advisory Council. O'Connor joined MBA in 1996. Previously, he worked in government affairs for the National Association of Realtors and Freddie Mac. He also worked for Skyline Financial Services Corporation.

Wednesday, May 18, 2016

  • Committee Meeting

  • Registration

    Location: 45th St. Registration Desk,
    5th Floor

    Registration

  • Continental Breakfast

    Location: Westside Ballroom Foyer,
    5th Floor

    Networking Opportunities,

    Breakfast

  • Closing General Session: Mortgage Servicing Rights: The Challenges & Opportunities

    Location: Julliard Complex,
    5th Floor


    Speaker(s)

    Mark S. Garland, President, MountainView Capital Holdings

    Seth D. Sprague, CMB, Senior Vice President, Phoenix Capital, Inc.

    Austin Tilghman, Chief Executive Officer, United Capital Markets, Inc.

    James P. Gross, Vice President, Financial Management and Public Policy, Mortgage Bankers Association

    General Session

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    In this panel leading MSR brokers describe the current state of MSR liquidity, obstacles and opportunities for deals of different sizes, differential trading in Ginnie Mae vs. conventional pools, and the changing composition of MSR buyers and sellers.

    Speaker(s)

    Mark S. Garland, President, MountainView Capital Holdings

    Mark Garland is President of MountainView Capital Holdings. Mr. Garland leads the operations of MountainView Servicing Group, a residential mortgage servicing rights sale and valuation advisory firm. In this role, he oversees the research and modeling of the variables and scenarios affecting the value of MSRs, and he oversees all of the activities involved in bringing clients’ MSR portfolios to market. Before joining MountainView in 1997, Mark served as Vice President of Financial Planning and Analysis at Dovenmuehle Mortgage, Vice President of Portfolio Management at PNC Mortgage, Director of Internal Audit at Source One Financial Services, and Senior Auditor at Peat Marwick.

    Seth D. Sprague, CMB, Senior Vice President, Phoenix Capital, Inc.

    Seth D. Sprague CMB, Senior Vice President of Phoenix Capital, Inc. joined Phoenix in April of 2013 after more than ten years with SunTrust Mortgage managing their mortgage servicing rights portfolio valuation process as well as their periodic MSR transaction activity. Seth’s primary duties at Phoenix include managing bulk and flow MSR transactions, advising on analytic and valuation strategies, and participating in strategic business development activities as the MSR market continues to evolve. Seth has a total of over 20 years of mortgage banking and servicing valuation experience at a variety of firms including SunTrust Mortgage, Bank of America Mortgage, United Financial / Matrix Financial and KPMG LLP. Seth is instructor with the MBA’s School of Mortgage Banking Program since 2007 and frequent speaker at various MBA Conferences.

    Austin Tilghman, Chief Executive Officer, United Capital Markets, Inc.

    Austin Tilghman is the Founder and Chief Executive Officer of UCM, responsible for overall management as well as marketing and trading supervision. Mr. Tilghman is a thirty-five year veteran of the mortgage-backed securities and derivatives markets. His Wall Street career was highlighted by senior management positions at Paine Webber, J.P. Morgan, and UBS. Austin was responsible for derivative and mortgage banking desks and headed a design team to create some of the first derivative products hedging servicing rights. This team offered the first custom products to offset MSR balance sheet risk. In 1996, Austin founded UCM in Denver, Colorado. He is a regular speaker at national and state conferences and his firm is a trusted advisor; offering strategic advice and hedging solutions to the mortgage banking community. Austin is a regular speaker at National and State MBA conferences.

    James P. Gross, Vice President, Financial Management and Public Policy, Mortgage Bankers Association

    Jim Gross is Vice President of Financial Accounting and Public Policy for the Mortgage Bankers Association. He is responsible for. In this capacity, he will advise MBA's Senior Vice President of Public Policy and Industry Relations on emerging industry policy issues and assist in setting strategic priorities. He is the staff representative to MBA's Financial Management Committee, and he served as chairman of that committee for fiscal years 1998 and 1999 when he was CFO of member companies. Jim joined MBA in July 2008. Prior to joining MBA, Jim was controller then CFO of NetBank, Inc. for 7 years. Prior to NetBank, Jim was CFO of New America Mortgage, IndyMac, and J.I. Kislak Mortgage. Jim has six years of "Big Four" experience with Ernst & Young and four years with Deloitte Touche as a banking and mortgage banking specialist.

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