Secondary 2017

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, April 29, 2017

Sunday, April 30, 2017

  • Registration

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

    Registration

  • Committee Meeting

  • Press Room (Credentialed Media Only)

    Location: Belasco,
    5th Floor

    Press Event

  • Secondary Market Reform

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and Technology, Mortgage Bankers Association

    Keith Bickel, Senior Vice President, Mortgage Policy and Strategic Analytics Executive, Bank of America

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

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

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    General Session,

    Special Session

    Read more Read less

    Members of MBA's GSE task force review the plan and take your questions.

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and 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 MISMO, serves on the CSP's Industry Advisory Group, and is chair of the membership committee of MERS.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    Keith Bickel, Senior Vice President, Mortgage Policy and Strategic Analytics Executive, Bank of America

    Keith Bickel is the Mortgage Policy & Strategic Analytics Executive for Bank of America, managing federal policy relationships and special projects on behalf of Bank of America’s mortgage business.  In his role, Keith helps Bank of America’s senior executive team define positions on key mortgage-related topics; leads the mortgage business in evaluating the impacts of proposed regulatory and legislative changes; and manages the Bank’s long-term vision and strategy for housing and mortgage finance. Toward that end, he works extensively with the external policy and trade group community, and engages directly with both executive and legislative policy-makers to shape policy options and outcomes.  Prior to joining the Bank, Keith was chief of staff for the COO at Freddie Mac with responsibility for overseeing their end-to-end technology transformation effort. Previously, he led the corporate strategy group there as well. His prior policy career experience includes positions held at the White House and Pentagon, as well as several entrepreneurial ventures in the data and technology space.

    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 oversees the firm’s capital market activities, including pricing, hedging, and secondary market execution. He’s also responsible for Guild’s credit policy, shipping, and product development functions. Mr. Battany manages investor relationships with GSEs, government agencies, and private investors. Prior to joining Guild, Mr. Battany was Chief Product Strategist for Penny Mac from 2012 to 2015, where he was responsible for managing the product development group, as well as its relationships with Fannie Mae, Freddie Mac, FHA, VA, USDA, Ginnie Mae, and mortgage insurance companies.  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 Secondary and Capital Markets Committee. He was previously a Board Member of the National MBA Residential Board of Governors as well as Rebuilding Together, and is presently a Board Member of Habitat for Humanity.

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

    Albert P. Blank is a Senior Vice President of Business Development at Union Home Mortgage.  Mr. Blank has been with Union Home Mortgage since January 2013. In his capacity, Mr. Blank has had the privilege of working with a very talented group of Independent Mortgage Bankers across 35 states and 111 branch offices. Union Home Mortgage originated in excess of $2.4 billion in 2016.  Mr. Blank graduated from Mount Union College in 1984. He obtained his Masters in Business Administration from Kent State University’s Executive MBA Program in 1990.  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

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    Rodrigo López, Chairman of the Mortgage Bankers Association, is the Executive Chairman of NorthMarq Capital, a leading commercial mortgage banking company in the United States.  Rodrigo has been actively involved with MBA for almost three decades. He is a former Chairman of MBA's Commercial/Multifamily Board of Governors. He has served on the Association's Board of Directors since 2009, along with a previous stint on the board in 2003 and 2004. Rodrigo was the recipient of MBA's Distinguished Member Award in 2010, MBA's Burton C. Wood Legislative Service Award in 2002, and MBA's Master Faculty Award in 2000. He also received MBA's Certified Mortgage Banker (CMB) designation.

  • Opening Reception in THE HUB: Bright Lights, Big City

    Location: Westside Ballroom,
    5th Floor

    Exhibit Hours,

    HUB Event,

    Networking Opportunities,

    Reception

Monday, May 1, 2017

  • Press Room (Credentialed Media Only)

    Location: Belasco,
    5th Floor

    Press Event

  • Registration

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

    Registration

  • Continental Breakfast

    Location: Broadway Ballroom Foyer,
    6th Floor

    Breakfast,

    Networking Opportunities

  • Opening General Session: A Morning of Perspective with Peggy Noonan

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

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

    Peggy Noonan, 2017 Pulitzer Prize-Winner for Commentary, Columnist and Best Selling Author, Speechwriter for President Ronald Reagan

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    General Session

    Read more Read less

    MBA’s President and CEO, David H. Stevens, welcomes conference attendees with an industry update and overview of MBA’s most recent initiatives on behalf of its members.

    We are then joined by Peggy Noonan, widely admired columnist for The Wall Street Journal, and best-selling author of nine books on American politics, history, and culture, including her recent release, The Time of Our Lives. Through humorous anecdotes and political insight, Noonan shares her perspective on Washington today, as well as her experience as a journalist and one of the country’s premier presidential speech writers.

    Speaker(s)

    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.

    Peggy Noonan, 2017 Pulitzer Prize-Winner for Commentary, Columnist and Best Selling Author, Speechwriter for President Ronald Reagan

    Peggy Noonan is a widely admired columnist for The Wall Street Journal and the best-selling author of nine books on American politics, history and culture. In 2008 the National Journal dubbed Noonan’s political column indispensable to an understanding of the presidential year, and Forbes Magazine called her column “principled, perceptive, persuasive, and patriotic.” Noonan’s essays have appeared in TIME, Newsweek, The Washington Post and other publications, and she provides frequent political commentary on television.

    In her most recent release, The Time of Our Lives, Peggy chronicles her career in journalism, the Reagan White House, and the political arena. Released in November 2015, Peggy has placed all of her best work into one place and with her signature wit, takes a sharp look at the American life. With experience from both the inside, as a member of the White House staff, and the outside, as an observer of politics, Noonan brings a unique and thoughtful analysis of our nation and its leaders to her speeches. Filled with humorous anecdotes and political insight, her speeches are as entertaining as they are thought-provoking. In a presentation described as “absolutely amazing” and “funny and self-deprecating and so smart,” audiences will leave with a deeper, new, and more informed perspective on politics.

    Peggy Noonan’s book, Patriotic Grace, published by Collins in 2008, is written in the pamphleteering tradition of Tom Paine’s Common Sense, and is a call for a more elevated national politics. John Paul the Great: Remembering a Spiritual Father, a look at the life of John Paul II, was published by Viking in 2005. Her collection of post-9/11 Wall Street Journal columns, A Heart, a Cross and a Flag, was published by Free Press in 2003. When Character Was King: A Story of Ronald Reagan, published by Viking in 2001, was a New York Times best-seller, as was The Case Against Hillary Clinton (HarperCollins, March, 2000). Her first book, What I Saw at the Revolution was called “A love letter to the American political process,” by TIME Magazine. Her second book, Life, Liberty and the Pursuit of Happiness was called “the voice of our times” by USA Today. Noonan’s third book, Simply Speaking, was published in paperback as On Speaking Well, in 1999; Forbes Magazine said of it, “Peggy Noonan packs a wallop of practical wisdom and insightful tips for rookie and veteran speechmakers alike…this wee volume, written by one of this century’s premier presidential speechwriters, will guide you correctly.”
    Noonan was a special assistant to President Ronald Reagan from 1984 to 1986. In 1988 she was chief speechwriter for Vice President George H. W. Bush when he ran for the presidency. Before entering the Reagan White House, Noonan was a producer at CBS News in New York. In 1978 and 1979 she was an adjunct professor of journalism at New York University.

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    Rodrigo López, Chairman of the Mortgage Bankers Association, is the Executive Chairman of NorthMarq Capital, a leading commercial mortgage banking company in the United States.  Rodrigo has been actively involved with MBA for almost three decades. He is a former Chairman of MBA's Commercial/Multifamily Board of Governors. He has served on the Association's Board of Directors since 2009, along with a previous stint on the board in 2003 and 2004. Rodrigo was the recipient of MBA's Distinguished Member Award in 2010, MBA's Burton C. Wood Legislative Service Award in 2002, and MBA's Master Faculty Award in 2000. He also received MBA's Certified Mortgage Banker (CMB) designation.

  • COFFEE SPOT in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Networking Opportunities

  • THE HUB is Open

    Location: Westside Ballroom,
    5th Floor

    Exhibit Hours,

    HUB Event

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Networking Opportunities,

    Refreshment Break

  • THE MEETING SPOT: Q&A with Peggy Noonan

    Location: Westside Ballroom,
    5th Floor

    HUB Event

  • An Update from FHFA

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Robert C. Ryan, Special Advisor and Acting Deputy Director, Division of Conservatorship, Federal Housing Finance Agency

    Bill Emerson, 2016 MBA Chairman, Vice Chairman, Quicken Loans, Inc.

    General Session

    Read more Read less

    In this interview-style session, gain perspective from the Federal Housing Finance on housing policy priorities for the administration, policy considerations regarding GSE reform, and ways in which possible regulatory reform may impact real estate finance.

    Speaker(s)

    Robert C. Ryan, Special Advisor and Acting Deputy Director, Division of Conservatorship, Federal Housing Finance Agency

    Bob Ryan joined the Federal Housing Finance Agency (FHFA) as Special Advisor to Director Mel Watt in January 2014. Since July of 2015, he has also been the Acting Deputy Director for the Division of Conservatorship. Prior to joining FHFA Bob served as Senior Vice President of capital markets at Wells Fargo Home Mortgage. He was responsible for strategic policy impacting capital markets and the mortgage company. From 2009 to 2012 he was Senior Advisor to HUD Secretary Donovan, the Acting FHA Commissioner and Assistant Secretary for Housing and prior to that first Chief Risk Officer for FHA. In that capacity, Bob was responsible for establishing a new Office of Risk Management that oversees FHA’s credit risk management functions, including single family, multifamily and healthcare. Prior to HUD Bob was at Freddie Mac, where he held several senior positions in capital markets, single family pricing and credit and the office of the President. Bob has over 30 years of experience in all aspects of the mortgage market.

    Bill Emerson, 2016 MBA Chairman, Vice Chairman, Quicken Loans, Inc.

    Bill Emerson is Vice Chairman Quicken Loans, the nation’s second largest mortgage lender, and several other FinTech businesses. He is responsible for leadership, growth and culture development across the entire Rock Holdings portfolio.  Most recently, Bill was Chief Executive Officer of Quicken Loans, a position he held for 15 years. Under his leadership, Quicken Loans became the second largest retail mortgage lender and has closed nearly $300 billion in home loan volume across all 50 states since 2013.  Bill joined Quicken Loans in 1993 as a Mortgage Banker. His passion and commitment for learning and growing, as well as his zeal for taking care of clients, helped him take on many roles at the company.  J.D. Power has ranked Quicken Loans “Highest in Customer Satisfaction for Primary Mortgage Origination” in the United States for the past seven years, 2010–2016. The company was also ranked highest in the nation for client satisfaction among mortgage servicers by J.D. Power for three consecutive years, 2014 through 2016, each year the company was eligible.  Detroit-based Quicken Loans employs 16,000 team members. The company was ranked No. 10 on FORTUNE magazine’s annual “100 Best Companies to Work For” list in 2017, and has been among the top-30 companies for the last 14 years. Computerworld Magazine also recognized Quicken Loans as one of the “100 Best Places to Work in IT” for the past 12 years, ranking the company No. 1 in 2016, 2015, 2014, 2013, 2007, 2006 and 2005.  Bill is an active spokesman for 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 served as Chairman of the Mortgage Bankers Association (MBA) for the 2015-2016 term and is the former Vice-Chairman of the MBA’s Residential Board of Governors. He is also a board member of the Financial Services Roundtable’s Housing Policy Council (HPC) and the HPC’s Executive Council.  Bill is a member of the Board of Directors of Xenith, Inc., a football helmet company dedicated to advancing safety through innovation and education; the Detroit Economic Club; The Parade Company and the Skillman Foundation.  Dedicated to his community, Bill has been the recipient of the ALS Association’s Iron Horse Award and the Salvation Army’s prestigious William Booth Award, the nonprofit’s highest honor. He also supports the Alzheimer’s Association Greater Michigan Chapter.

  • Lunch in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Lunch,

    Networking Opportunities

  • New Member Lunch (By Invitation Only)

    Location: Astor Ballroom,
    7th Floor

    Member Services Event

  • Executive Perspectives

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Byron Boston, President, Chief Executive Officer and Co-CIO, Dynex Capital, Inc.

    Bill Cosgrove, CMB, 2015 MBA Chairman, Chief Executive Officer, Union Home Mortgage Corp.

    Jay Plum, Executive Vice President of Home Lending, Huntington National Bank

    Fowler Williams, CMB, President, Chief Executive Officer and Director, Crescent Mortgage Company

    General Session

    Read more Read less

    Key industry leaders from different business models discuss their approaches to the current challenges and opportunities of the secondary mortgage market

    Speaker(s)

    Byron Boston, President, Chief Executive Officer and Co-CIO, Dynex Capital, Inc.

    Byron Boston is President, CEO and Co-Chief Investment Officer of Dynex Capital (NYSE:DX), a leading Real Estate Investment Trust (REIT) with more than $4 billion in managed assets. Mr. Boston is responsible for strategy and operations as well as fostering and maintaining key relationships with shareholders, creditors, and dealers. He also leads the day-to-day investment, financing, hedging, and financial reporting decisions. Mr. Boston is also a member of Dynex Capital’s Board of Directors.  Mr. Boston is a seasoned investment professional with more than 35 years of experience in the fixed income capital markets and the U.S. housing finance system. Since January of 2004 he has built two successful public companies, Dynex Capital and Sunset Financial Resources. Prior to Dynex, Mr. Boston served in a senior leadership role in the investment division of Freddie Mac for 7 years.  Between 1981 and 1997 Mr. Boston developed his career as a banker and bond trader, first with Chemical Bank as a Corporate Banking Officer and then with Credit Suisse First Boston as a mortgage-backed securities trader. He is currently a board member of the Mortgage Bankers Association and The Salzburg Global Seminar.

    Bill Cosgrove, CMB, 2015 MBA Chairman, Chief Executive Officer, Union Home Mortgage Corp.

    Bill Cosgrove, served as the 2015 Chairman of the Mortgage Bankers Association. He is the Owner and CEO of Union Home Mortgage Corp. headquartered in Strongsville, Ohio. His mortgage banking career began in 1986 as a residential loan officer. In 1994 Mr. Cosgrove joined Union National Mortgage Co. and in 1998 was named President. Mr. Cosgrove purchased and became 100% stockholder of the company in 1999. In 2013, the Company’s name was changed to Union Home Mortgage Corp. to reflect the Company’s mission of supporting successful homeownership in America. In 2007-2008 Mr. Cosgrove was President of the Ohio Mortgage Bankers Association. He is the first person from Ohio to serve as both President of the Ohio MBA and Chairman of National MBA. He has served the National Mortgage Bankers Association’s Residential Board of Governors, the Steering Committee of RESBOG and currently serves the Board of Directors as Chairman. From 2008 to 2010, Bill was the National Chairman for MBA’s MORPAC Committee. This prestigious appointment consists of leading the fund raising efforts for MORPAC throughout the country. MORPAC raised $1.1 million for industry activism during Bill’s Chairmanship of MORPAC. In 2000 at the age of 38 he was named in Crain’s Cleveland Business “40 under 40” honored as one of the top 40 young executives in Northeast Ohio. In 2003 Mr. Cosgrove was inducted into the Bedford, Ohio High School Distinguished Hall Of Fame for his accomplishments in Mortgage Banking. In 2004, he earned the coveted Certified Mortgage Banker designation (CMB). In 2008, he was awarded the distinguished Hoddup Award for his many contributions to the Ohio Mortgage Bankers Association and In 2011 Bill was awarded the National Mortgage Bankers Associations Burton C. Wood, National Legislative Service Award for his superior legislative efforts representing the mortgage banking industry and in 2016 Bill was awarded MBA’s Andrew Woodward Distinguished Service Award – the honest honor bestowed on an individual of the association. Mr. Cosgrove has testified on behalf of the industry in Washington D.C before the House Financial Services Sub Committee, Senate Banking Committee and the Ohio House of Representatives. He has been interviewed by national publications, The Wall Street Journal, USA Today, numerous trade publications, national and local news networks.

    Jay Plum, Executive Vice President of Home Lending, Huntington National Bank

    Jay Plum is the Executive Vice President of Home Lending for Huntington National Bank. Huntington is a Midwest regional bank headquartered in Columbus, Ohio. Jay is responsible for a department of over a thousand colleagues, Home Lending includes the origination and servicing functions for mortgage, home equity, unsecured, and other consumer lending products. Approximately 1MM accounts with over 35 billion in assets are serviced within Home Lending.  Prior to Huntington, Jay was President of Home Lending Solutions at RBS Citizens. Before Citizens, Plum held positions in consumer lending at Provident Bank and Bank One.

    Fowler Williams, CMB, President, Chief Executive Officer and Director, Crescent Mortgage Company

    Fowler Williams, CMB is President, Chief Executive Officer, Director at Crescent Mortgage Company, a subsidiary of CresCom Bank.  Mr. Williams joined Crescent Mortgage Company in 1999. In his 18 years with the company he has served as Account Executive, National Sales Manager, Executive Vice President over sales and operations. Mr. Williams became President of Crescent Mortgage Company as well as a Director on the company’s Board in 2014. In 2016 he became Chief Executive Officer in addition to his roles as President and Director.  He holds the highest designation in the mortgage industry, Certified Mortgage Banker (CMB).  Mr. Williams serves as immediate past Chairman of the Mortgage Action Alliance (MAA), the grassroots policy, advocacy, and lobbying network for the real estate finance industry.  He has been named Chairman of the Community Bank and Credit Union Network (CBCUN) for the National Mortgage Bankers Association where he also serves on the Independent Mortgage Bankers Executive Counsel, the Regulatory Compliance Committee. He was elected Ambassador to the state of Georgia’s Mortgage Bankers Association where he is an active member of its political affairs committee.  Mr. Williams has been named to the Customer Advisory Board of Freddie Mac, the Customer Advisory Board for Accenture - Mortgage Cadence, and was named to the forty most influential mortgage professionals under 40 by National Mortgage Professional magazine on multiple occasions. He is regularly a featured speaker at national and state associations of mortgage lenders, real estate professionals, community banks, and credit unions.   Mr. Williams played an instrumental role in Crescent Mortgage’s parent company becoming publicly traded on Nasdaq (CARO) where it has experienced a 275% increase of its shareholders’ investment since its initial public offering in 2015.  Prior to joining Crescent Mortgage Company Mr. Williams served as a mortgage loan originator and as a state representative for a national mortgage insurance company.

  • THE MEETING SPOT: Q&A with Herm Edwards

    Location: Westside Ballroom,
    5th Floor


    Speaker(s)

    Herman Edwards, ESPN NFL Analyst and Former NFL Head Coach and Player

    HUB Event

    Read more Read less

    Whether it’s his faith, his family or his football team, Herman Edwards exudes passion in all areas of life. An NFL analyst for ESPN, Edwards utilizes his diverse background in pro football, including playing for the Philadelphia Eagles and coaching the Kansas City Chiefs and New York Jets, to be one of the most informed and educated analysts on television today.

    Speaker(s)

    Herman Edwards, ESPN NFL Analyst and Former NFL Head Coach and Player

    Former NFL Head Coach and Player; Current ESPN NFL Analyst

    Whether it is his faith, his family or his football team, Herman Edwards exudes passion in all areas of life. That energetic and enthusiastic attitude best defines the way Edwards approaches his role as a studio NFL analyst for ESPN. Edwards’ voice is fully integrated into all of the network’s platforms, from radio and digital to television. Edwards utilizes his diverse background in pro football to be one of the most informed and educated analysts on television today. In 2013, Edwards was named ESPN’s Commentator of the Year.  Also in 2013, Edwards joined elite company as a recipient of the Walter Camp Man of the Year Award. Most recently, Edwards was honored with the 2015 Shell Legacy Award, a recognition celebrating individuals with a legacy of charitable giving. Other notable marks in his career include speaking at the NFL Rookie Symposium and being featured on ESPN’s ‘Back to School’ segment in which he returned to his high school alma mater to coach for a day. In October of 2015, Edwards agreed to join the newly formed Major League Football Senior Advisor which is set to kick off in spring of 2017.

    Edwards is a military brat whose father served over two decades in the Army. Born in Fort Monmouth, New Jersey but raised in Monterey, CA, Edwards enjoyed a 10-year professional playing career from 1977-86, spending the first nine of those seasons with the Philadelphia Eagles. He earned second-team All-NFC honors in 1980 and played an instrumental role on a hard-hitting Philadelphia defense that helped boost the Eagles to a berth in Super Bowl XV that season.  He totaled 33 interceptions for 98 yards with one TD during his tenure with that franchise. His 33 career INTs rank as the third-best in Eagles history, just one from the team record of 34. A shining example of dedication, Edwards never missed a game in his nine-year career with the Eagles. Edwards claim to fame was picking up the loose fumble by NY Giants QB Joe Pisarcik on the play known as the "The Miracle at the Meadowlands."

    Edwards concluded his NFL playing career in 1986 and secured his first NFL job with the Kansas City Chiefs in ‘89 as the recipient of the club’s Minority Coaching Fellowship. Edwards is the first graduate of the fellowship to become the head coach of the franchise for which he served his fellowship.  Beginning his coaching career as defensive backs coach at San Jose State (1987-89), Edwards later returned to Kansas City as the defensive backs coach from 1992-94. After a one-year stint as a pro personnel scout with Kansas City in ‘95, Edwards moved with Tony Dungy to Tampa Bay in 1996.  In 2001, Edwards departed Tampa Bay to become head coach of the New York Jets. In five seasons as the Jets head coach, Edwards compiled a 39-41 record. Edwards was on the sideline for five postseason contests with the Jets, the best total of any coach in team annals. He registered 35 victories with the Jets from ’01-’04, tying Joe Walton (’83-’86) for the most regular season wins by any coach in his initial four years with the team. Edwards also led the N.Y. Jets to the postseason in his first campaign with the squad.  Edwards rejoined the Chiefs in 2006, becoming the first head coach in franchise history to guide Kansas City to the playoffs in his initial season with the club. In his debut campaign, Edwards posted a 9-7 overall record, tying the mark of most victories by a first-year coach in franchise history.

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    Networking Opportunities,

    Refreshment Break

  • Credit Risk Transfer

    Location: Empire Complex,
    7th Floor


    Speaker(s)

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

    Kevin Palmer, Senior Vice President, Single-Family Portfolio Management, Freddie Mac

    Richard L. Cooperstein, Director, Model Risk Management, Andrew Davidson & Co., Inc.

    Kenneth A. Bjurstrom, Principal and Financial Consultant, Milliman, Inc.

    Christopher McEntee, Senior Director, Corporate Development, IntercontinentalExchange

    Concurrent Session

    Read more Read less

    FHFA has required Fannie Mae and Freddie Mac to distribute rather than hold mortgage credit risk through a variety of credit risk transfer (CRT) efforts. This session will focus on the latest developments in front-end and back-end CRT market and policy developments.

    Speaker(s)

    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 oversees the firm’s capital market activities, including pricing, hedging, and secondary market execution. He’s also responsible for Guild’s credit policy, shipping, and product development functions. Mr. Battany manages investor relationships with GSEs, government agencies, and private investors. Prior to joining Guild, Mr. Battany was Chief Product Strategist for Penny Mac from 2012 to 2015, where he was responsible for managing the product development group, as well as its relationships with Fannie Mae, Freddie Mac, FHA, VA, USDA, Ginnie Mae, and mortgage insurance companies.  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 Secondary and Capital Markets Committee. He was previously a Board Member of the National MBA Residential Board of Governors as well as Rebuilding Together, and is presently a Board Member of Habitat for Humanity.

    Kevin Palmer, Senior Vice President, Single-Family Portfolio Management, Freddie Mac

    Kevin Palmer was named senior vice president for Single-Family Portfolio Management in November 2016.  He is a member of Freddie Mac’s management committee and reports to Executive Vice President, Single-Family Business, Dave Lowman.
    As head of Single-Family Portfolio Management, Palmer has broad responsibility for the Single-Family Portfolio, including Freddie Mac's guarantee book of business, pricing and analytics, Servicing and REO. He is also leads Single-Family Credit Risk Transfer (CRT), including Freddie Mac STACR® securitizations, ACIS® reinsurance, Whole Loan SecuritiesSM and front-end risk transfer offerings.  Since 2001, Kevin has served in a variety of other positions at Freddie Mac including
    whole loan trading, managing the non-agency ABS portfolio and risk management.

    Richard L. Cooperstein, Director, Model Risk Management, Andrew Davidson & Co., Inc.

    Richard L. Cooperstein leads Model Risk Management at Andrew Davidson & Co., Inc. Leveraging his experience as a regulator, model builder, and user to enhance the company’s best-in-class models, he helps AD&Co meet client needs as the market evolves.  His wealth of previous experience includes: Chief Financial Officer and Treasurer of Ocwen Mortgage Servicing; Vice President of Structured Transactions at Freddie Mac; and Managing Director, Head of Modeling and Analytics at HSBC Securities. Cooperstein began his career at the General Accounting Office and then served as Senior Economist in the Executive Office of the President, Office of Management and Budget, where he applied option pricing theory to value the financial guarantees of the Federal Government, and was one of the chief architects of Credit Reform.  Richard has published articles on option pricing theory and valuing credit risk in The Journal of Structured Finance, The Journal of Financial Intermediation, and The AREUEA Journal.

    Kenneth A. Bjurstrom, Principal and Financial Consultant, Milliman, Inc.

    Ken is a principal with the Milwaukee office of Milliman and joined the firm in 1998. He manages a practice dedicated to analyzing the financial risks associated with issuing and servicing mortgages, mortgage guaranty insurance and mortgage credit risk transfer.  Ken’s area of expertise is in advising mortgage banks, mortgage insurers and reinsuers both domestically and internationally and governments on managing mortgage credit risk. He has consulted and implemented solutions involving pricing, credit risk transfer, loan loss reserving, portfolio risk management, loan performance modeling and validation and housing policy. He has also served as the lead consultant on many of the firm’s assignments involving front and back-end credit risk transfer (CRT), lender transactions, deeper coverage mortgage insurance and reverse mortgages.  Prior to joining Milliman, Ken held management positions at several mortgage insurance companies and one of the nation’s largest mortgage originators, where he specialized in risk management, loss modeling, product development, mortgage scoring, mortgage reinsurance and negotiating structured transactions.  Another of Ken’s areas of expertise is information technologies. He has extensive experience assisting bank clients in implementing strategic technologies such as data warehousing, predictive analytics, business intelligence, decision systems, and asset-liability management.

    Christopher McEntee, Senior Director, Corporate Development, IntercontinentalExchange

    Christopher McEntee joined ICE in March 2011, and serves a Senior Director of Corporate Development. He is responsible for planning and development of Intercontinental Exchange’s residential mortgage business initiatives.
    Prior to ICE, he worked for the Federal Home Loan Bank of Atlanta as a Vice President, marketing the bank's lending programs, supporting product development, and serving on committees that governed enterprise risk, strategic planning, and technology development.  Prior to that position, he worked as a Senior Director for MunicipalTrade, an online marketplace for tax-exempt securities. Previously, he was the National Editor for The Bond Buyer newspaper.

  • MSR Liquidity: Challenges & Management

    Location: SoHo Complex,
    7th Floor


    Speaker(s)

    David Bennett, Managing Director, MountainView Capital Holdings

    Vandad Fartaj, Managing Director and Chief Capital Markets Officer, PennyMac Financial Services, Inc.

    Justin Wiseman, Director, Loan Administration Policy, Mortgage Bankers Association

    Jerome A. (Garry) Cipponeri, Founder, President and Chief Executive Officer, TradeRoom Capital Servicing Exchange, LLC

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

    Concurrent Session

    Read more Read less

    Recent regulatory and market events have resulted in changes to the liquidity of Mortgage Servicing Rights (MSRs), leading both Ginnie Mae and FHFA to evaluate the market and the growing role of independent mortgage bankers as holders of the MSR asset. Experts discuss coming changes that may have an impact and possible solutions that will ensure that the MSR market remains a liquid and vital element in the mortgage value chain.

    Speaker(s)

    David Bennett, Managing Director, MountainView Capital Holdings

    David Bennett is a Managing Director at MountainView Capital Holdings.  David works closely with other leaders and analysts on the Risk Analytics team to support client relationships, enhance analyses, produce additional research, and foster new business opportunities. Mr. Bennett joined MountainView in 2016 from Compass Analytics, where he was Managing Director and responsible for hedging pipeline risks for mortgage originators, building out custom client settings within CompassPoint and developing new products and models for the mortgage servicing rights asset. He previously served as MSR Manager at Fifth Third Bank and was responsible for model maintenance, portfolio management, and valuation.

    Vandad Fartaj, Managing Director and Chief Capital Markets Officer, PennyMac Financial Services, Inc.

    Vandad Fartaj is senior managing director and chief capital markets officer of PennyMac Financial Services, Inc. (NYSE: PFSI). Mr. Fartaj also serves as chief investment officer of PennyMac Mortgage Investment Trust (NYSE: PMT) and senior managing director and chief capital markets officer of Private National Mortgage Acceptance Company, LLC (PNMAC).  Mr. Fartaj is responsible for all capital markets and investment-related activities, including the development and execution of investment strategies, secondary marketing and hedging activities. In addition, Mr. Fartaj is responsible for developing and managing relationships with Wall Street banks, GSEs and institutional investors.  Prior to joining PNMAC, Mr. Fartaj was employed in a variety of positions by Countrywide Securities Corporation, a broker-dealer, managing the strategy and execution of the whole loan conduit. Mr. Fartaj is an experienced mortgage banking executive with substantial experience in capital markets, mortgage-related investments, and interest rate and credit risk management.

    Justin Wiseman, Director, Loan Administration Policy, Mortgage Bankers Association

    Justin Wiseman is the Director of Loan Administration Policy in the Public Policy and Industry Relations department at the Mortgage Bankers Association, where he staffs MBA’s Loan Administration committee, provides policy development insights and works with stakeholders to advocate on behalf of the industry. Justin assists the Department to formulate responses to policy initiatives and helps monitor relevant trends in the servicing market. Prior to this, Justin worked at MBA as Associate Regulatory Counsel to analyze forthcoming legislation and administrative rule-making. Before joining MBA, Justin clerked for District Court Judge William Haynes in the Middle District of Tennessee and worked with the Center for Strategic and International Studies on European and Transatlantic security issues.

    Jerome A. (Garry) Cipponeri, Founder, President and Chief Executive Officer, TradeRoom Capital Servicing Exchange, LLC

    Jerome A. (Garry) Cipponeri is the Founder, President and CEO of TradeRoom Capital Servicing Exchange, LLC, TradeRoom Capital, LLC and TradeRoom Capital Partners LLC.  Prior to founding the TradeRoom Capital Group, Garry was the Senior Vice President and Managing 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 40 years, and specifically, Capital Markets and Secondary Marketing functions for 38 years. His responsibilities at Chase Home Finance included all hedging and asset sales, as well as securitization, sales operations, pledging, agency, government, 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, MSR buys and sells, 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.

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

    Seth D. Sprague CMB, Executive Vice President of Phoenix Capital, Inc. joined Phoenix in 2013 after more than ten years with SunTrust Mortgage managing their mortgage servicing rights (“MSR”) portfolio valuation process as well as their periodic MSR transactions. Seth’s primary responsibilities at Phoenix include managing bulk and flow MSR transactions and offering strategic advice across Phoenix’s 200 plus clients. In 2017, Seth’s role was expanded to include a more active role in the strategic leadership with Phoenix Analytic Services with an emphasis on developing and providing strategic valuation solutions to meet the needs of clients. 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 has served and continues to serve on a number of committees with the Mortgage Bankers Association (“MBA”) including the Financial Management Steering Committee, MBAs Servicing Council for the 21st Century, MBAs BASEL III and the Servicing Compensation Working Group and is a frequent speaker at various MBA conferences. Seth has been an instructor with the MBA’s School of Mortgage Banking Program since 2007, teaching “MSR Day”.

  • MAA Event,

    Networking Opportunities,

    Reception

  • HUB Event

  • Networking Opportunities,

    Reception

    Read more Read less

    Plan ahead for the many networking opportunities during your three days in New York City. On Monday, we close the conference at 4:00 p.m. and move to the Broadway Lounge for expanded opportunities to engage, connect and network.  So bring your business cards and your A-game and make the most of your time in the city that never sleeps.

Tuesday, May 2, 2017

  • Associate Member Council Meeting (By Invitation Only)

    Location: Music Box / Winter Garden,
    6th Floor

    Member Services Event

  • Press Room (Credentialed Media Only)

    Location: Belasco,
    5th Floor

    Press Event

  • Registration

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

    Registration

  • Continental Breakfast

    Location: Broadway Ballroom Foyer,
    6th Floor

    Breakfast,

    Networking Opportunities

  • 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

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    General Session

    Read more Read less

    Attend this session to hear directly form 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 customers, managing the performance of the credit portfolio, and overseeing all 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 maximize the profitability of the single-family credit book throughout different economic cycles. During his tenure at Fannie Mae, Mr. Bon Salle has held many positions within Capital Markets including Senior Vice President, 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. 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, Mr. 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.  He has worked in the mortgage and consumer finance business for over 30 years, serving at some of the nation's largest mortgage operations. Mr. 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, Mr. 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.

    Rodrigo López, CMB, 2017 MBA Chairman, Executive Chairman, NorthMarq Capital Finance, L.L.C.

    Rodrigo López, Chairman of the Mortgage Bankers Association, is the Executive Chairman of NorthMarq Capital, a leading commercial mortgage banking company in the United States.  Rodrigo has been actively involved with MBA for almost three decades. He is a former Chairman of MBA's Commercial/Multifamily Board of Governors. He has served on the Association's Board of Directors since 2009, along with a previous stint on the board in 2003 and 2004. Rodrigo was the recipient of MBA's Distinguished Member Award in 2010, MBA's Burton C. Wood Legislative Service Award in 2002, and MBA's Master Faculty Award in 2000. He also received MBA's Certified Mortgage Banker (CMB) designation.

  • COFFEE SPOT in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Networking Opportunities

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Networking Opportunities,

    Refreshment Break

  • THE HUB is Open

    Location: Westside Ballroom,
    5th Floor

    Exhibit Hours,

    HUB Event

  • Economic Outlook

    Location: Broadway Ballroom,
    6th Floor


    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and Technology, Mortgage Bankers Association

    Sean Becketti, Vice President, Chief Economist and Head of Economic and Housing Research Department, Freddie Mac

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

    General Session

    Read more Read less

    The chief economists from MBA, Fannie Mae and Freddie Mac will compare and contrast their outlooks for the economy, housing markets and mortgage markets. The presentations will include outlooks for mortgage rates, industry volume, as well as other critical trends of importance to the industry.

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and 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 MISMO, serves on the CSP's Industry Advisory Group, and is chair of the membership committee of MERS.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    Sean Becketti, Vice President, Chief Economist and Head of Economic and Housing Research Department, 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 previously worked at Freddie Mac from 1996-2001 in several senior financial and analytical roles. Aside from Freddie Mac, Mr. Becketti led mortgage modeling and risk management groups at several major banks and at Fannie Mae, served as a senior economist at the Federal Reserve Bank of Kansas City, and taught 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.

  • Lunch in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Lunch,

    Networking Opportunities

  • THE MEETING SPOT: Q&A with the Economists


    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and Technology, Mortgage Bankers Association

    Sean Becketti, Vice President, Chief Economist and Head of Economic and Housing Research Department, Freddie Mac

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

    Read more Read less

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and 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 MISMO, serves on the CSP's Industry Advisory Group, and is chair of the membership committee of MERS.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    Sean Becketti, Vice President, Chief Economist and Head of Economic and Housing Research Department, 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 previously worked at Freddie Mac from 1996-2001 in several senior financial and analytical roles. Aside from Freddie Mac, Mr. Becketti led mortgage modeling and risk management groups at several major banks and at Fannie Mae, served as a senior economist at the Federal Reserve Bank of Kansas City, and taught 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.

  • Women's Networking Event featuring Carla Harris

    Location: Astor Ballroom,
    7th Floor


    Speaker(s)

    Carla Harris, Wealth Management, Managing Director and Senior Client Advisor, Morgan Stanley

    Marcia Davies, Chief Operating Officer, Mortgage Bankers Association

    Networking Opportunities

    Read more Read less

    Carla’s Pearls: Letter to Her 25-Year Old Self

    Through riveting storytelling, Carla Harris delivers a personal reflection of some of the most important intellectual and experiential lessons she has learned in her storied career on Wall Street and throughout her life. Known as “Carla’s pearls” of wisdom, she offers candid and actionable advice about identifying and owning your own power, being your authentic self, being unapologetic about your accomplishments and taking risks.

    Speaker(s)

    Carla Harris, Wealth Management, Managing Director and Senior Client Advisor, Morgan Stanley

    Carla Harris is a Vice Chairman, Wealth Management, Managing Director and Senior Client Advisor at Morgan Stanley. She is responsible for increasing client connectivity and penetration to enhance revenue generation across the firm. She formerly headed the Emerging Manager Platform, the equity capital markets effort for the consumer and retail industries and was responsible for Equity Private Placements. Ms. Harris has extensive industry experiences in the technology, media, retail, telecommunications, transportation, industrial, and healthcare sectors. In August 2013, Carla Harris was appointed by President Barack Obama to chair the National Women’s Business Council.

    For more than a decade, Ms. Harris was a senior member of the equity syndicate desk and executed such transactions as initial public offerings for UPS, Martha Stewart Living Omnimedia, Ariba, Redback, the General Motors sub-IPO of Delphi Automotive, and the $3.2 Billion common stock transaction for Immunex Corporation, one of the largest biotechnology common stock transaction in U.S. history. Ms. Harris was recently named to Fortune Magazine’s list of “The 50 Most Powerful Black Executives in Corporate America”, U. S. Bankers Top 25 Most Powerful Women in Finance (2009, 2010, 2011), Black Enterprise’s Top 75 Most Powerful Women in Business (2010), to Black Enterprise Magazine’s “Top 75 African Americans on Wall Street” (2006 – 2011), and to Essence Magazine’s list of “The 50 Women Who are Shaping the World”, Ebony’s list of the Power 100 and “15 Corporate Women at the Top” and was named “Woman of the Year 2004” by the Harvard Black Men’s Forum and in 2011 by the Yale Black Men’s Forum.

    Ms. Harris began her career with Morgan Stanley in the Mergers & Acquisitions department in 1987. Prior to joining Morgan Stanley, Carla received from Harvard Business School an MBA, Second Year Honors and an AB in economics from Harvard University, Magna Cum Laude. Carla has also received Honorary Doctorates of Laws, Humanities and Business from Marymount Manhattan College, Bloomfield College, Jacksonville University, Simmons College, the College of New Rochelle, St. Thomas Aquinas College and Fisk University respectively. Carla Harris is actively involved in her community and heartily believes that “we are blessed so that we can be a blessing to someone else.”

    She is the immediate past Chair of the Board of the Morgan Stanley Foundation and sits on the boards of The Executive Leadership Council, The Toigo Foundation, Sponsors for Educational Opportunity (SEO), A Better Chance, Inc, and St. Vincent’s Hospitals, Xavier University, and is an active member of the St. Charles Gospelites of the St. Charles Borromeo Catholic Church and the Mark Howell Singers. Ms. Harris is co-chair of the National Social Action Commission of Delta Sigma Theta Sorority, Incorporated and was a member of the Board of Overseers’ Committee on University Resources, Harvard University. She has been named to the New Jersey Hall of Fame (2015) and has received the Bert King Award from the Harvard Business School African American Alumni Association, the 2005 Women’s Professional Achievement Award from Harvard University, the Pierre Toussaint Medallion from the Office of Black Ministry of the Archdiocese of New York, the Women of Power Award given by the National Urban League, the Women of Influence Award from The Links, Incorporated and many other awards. In her other life, Carla is a singer, and has released her third gospel CD “Unceasing Praise” (2011) , her second CD, a gospel album titled, “Joy Is Waiting”, was featured on BET Nightly News while her first CD entitled, “Carla’s First Christmas”, was a bestseller on Amazon.com in New York and in record stores, and was featured on the CBS Evening News with Dan Rather in his “American Dream” segment. She has performed 5 sold out concerts at Carnegie Hall. Carla is also the author of the newly released book, Strategize to Win (2014) and of Expect to Win (2009) (Hudson Press).

    Marcia Davies, Chief Operating Officer, Mortgage Bankers Association

    Marcia Davies is Chief Operating Officer for the Mortgage Bankers Association (MBA).  As COO, Marcia is responsible for ensuring cross organizational alignment and facilitating the implementation of strategic initiatives, as well as maintaining oversight of key 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, Membership, Education, Information Technology and Office Services divisions. She also provides management oversight to and is a Board member of MBA's Opens Doors Foundation.  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 in communications, customer outreach, marketing, servicer relations and policy.  Marcia leads MBA's networking platform for women in the real estate finance industry, mPower - MBA Promoting Opportunities for Women to Extend their Reach. Marcia is a member of Women in Housing Finance and the International Women's Leadership Association. In 2015, she was honored by HousingWire as one of its 2015 Women of Influence.

  • Committee Meeting

  • GSE Reform and Affordable Housing

    Location: SoHo Complex,
    7th Floor


    Speaker(s)

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

    Gerron Levi, Director, Policy and Government Affairs, National Community Reinvestment Coalition

    Teresa Bryce Bazemore, President, Radian Guaranty Inc.

    Barry Zigas, Director, Housing, Consumer Federation of America

    Michelle Maiwurm, Vice President, Housing Policy and Homeownership Growth Strategies Group, Wells Fargo Home Loan

    Concurrent Session

    Read more Read less

    A key element of GSE reform is how to ensure that any system promotes affordable access to credit, including an affirmative obligation to help underserved borrowers and communities.  Solving this challenge is essential to getting reform done.  Hear the views of MBA and other key stakeholders on this important issue.

    Speaker(s)

    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, Freddie Mac's Affordable Housing Advisory Council, and the National Urban League's Business Solutions 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.

    Gerron Levi, Director, Policy and Government Affairs, National Community Reinvestment Coalition

    Gerron Levi is an attorney with nearly 20 years of federal and state government affairs experience. Her background includes serving in the Maryland General Assembly, where she authored laws on education, crime and ex-offender reentry and was a member of the National Conference of State Legislatures, National Black Caucus of State Legislators, National Foundation of Women Legislators and the American Council of Young Political Leaders. During her tenure, the Maryland State’s Attorneys Association named her as Legislator of the Year in 2010. She also served as Assistant Director of the Legislation Department at the AFL-CIO and as a Legislative Representative for the Laborers’ International Union. She lobbied Congress on a host of law around wages, working conditions, immigration, trade, health care and pensions. She is featured in the documentary How Democracy Works Now as the top lobbyist for the AFL-CIO on federal immigration reform. She also served as senior staff for former U.S. Representative Gus Savage and for U.S Senator Dianne Feinstein.

    Teresa Bryce Bazemore, President, Radian Guaranty Inc.

    Teresa Bryce Bazemore is President of Radian Guaranty Inc., Radian Group Inc.’s principal mortgage insurance subsidiary. As President, Ms. Bazemore is responsible for all domestic and international mortgage insurance business operations. Prior to her appointment as President, Ms. Bazemore was the Executive Vice President, General Counsel, Chief Risk Officer and Secretary for Radian Group, a global credit risk management company. She has previously served in senior mortgage roles at Bank of America and PNC Bank.  Ms. Bazemore is on the Board of the US Mortgage Insurers. She serves on the Mortgage Bankers Board of Directors and on the Mortgage Bankers Residential Board of Governors. Ms. Bazemore has also previously served as a member of the Economic Advisory Council for the Federal Reserve Bank of Philadelphia, Consumer Advisory Council of the Federal Reserve, the Fannie Mae National Advisory Council, the Home Builders Institute, the Advisory Committee of the American Association of Residential Mortgage Regulators as well as Board Chair of the Research Institute for Housing America.

    Barry Zigas, Director, Housing, Consumer Federation of America

    Barry Zigas became Director of Housing for Consumer Federation of America in 2008. He is responsible for CFA’s policies on housing and mortgage finance including secondary market systems, foreclosure and loan modification policies, and community reinvestment issues. He also consults with housing and community development nonprofits and foundations on strategy, innovation and leadership through his firm Zigas and Associates LLC.  Zigas was Senior Vice President at Fannie Mae from 1995-2006, where he led the company’s single family community lending initiatives, as well as corporate and regulatory reporting on the company’s housing goals, investments in CDFIs, and support for homeownership counseling and education. He joined Fannie Mae in 1993 as Vice President for Housing Impact.  Zigas served as President of the National Low Income Housing Coalition from 1984-1993, where he led the efforts to create the Low Income Housing Tax Credit, the HOME program and expanded responsibilities for community lending at Fannie and Freddie, and as Associate Executive Director and other staff positions at the US Conference of Mayors from 1976-1984. He is a Phi Beta Kappa graduate of Grinnell College with an honors degree in history, from which he also received an Alumni Award in 2012, and a 1997 graduate of the Wharton School’s Advanced Management Program.  Zigas has previously served as Chairman of the Board of Mercy Housing, Inc, and currently serves as a Director the National Housing Conference. He was appointed to the Bipartisan Policy Center’s Housing Commission in December, 2011, and previously served on the Rouse-Maxwell Task Force and the Mitchell-Danforth Task Force in the 1980’s. He is an active participant in the Mortgage Finance Working Group sponsored by the Center for American Progress, as well as the foreclosure working group of Americans for Financial Reform (AFR). His articles and commentary have appeared in American Prospect, American Banker, Housing Wire, Washingtonian, and other publications, and he is frequently quoted in print and electronic media.

    Michelle Maiwurm, Vice President, Housing Policy and Homeownership Growth Strategies Group, Wells Fargo Home Loan

    a Vice President in the Housing Policy and Homeownership Growth Strategies Group

  • Whole Loan Trading

    Location: Empire Complex,
    7th Floor


    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and Technology, Mortgage Bankers Association

    John M. Hedlund, Chief Operating Officer and Managing Director, Correspondent Lending, AmeriHome Mortgage Company

    Matthew Nichols, Chief Executive Officer and Founder, Deephaven Mortgage LLC.

    Brian Cerise, Vice President, Phoenix Whole Loan Solutions, LLC

    Gregory Tsang, Co-Head, Residential Loan Trading Business, Wells Fargo Securities

    Concurrent Session

    Read more Read less

    Originators seeking additional executions and community bankers and others seeking loans for investment are active participants in today’s whole loan trading markets.  Participants in this session will discuss current market trends for performing, non-performing, scratch and dent, and non-QM loans. The discussion will also cover opportunities for buying and selling of CRA loans.

    Speaker(s)

    Michael Fratantoni, Ph.D., Chief Economist and Senior Vice President, Research and 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 MISMO, serves on the CSP's Industry Advisory Group, and is chair of the membership committee of MERS.  Prior to joining MBA, Fratantoni worked in the industry in risk management and senior economist roles at Washington Mutual and Fannie Mae.

    John M. Hedlund, Chief Operating Officer and Managing Director, Correspondent Lending, AmeriHome Mortgage Company

    John Hedlund is Chief Operating Officer and Managing Director Correspondent Lending for AmeriHome Mortgage Company and one of the original founders. He leads the Correspondent Lending business including all production, sales, business growth & development, client relationship management and the overall loan purchase process (operations, underwriting and compliance).  Hedlund is an experienced business executive, specializing in the strategic design, execution and leadership of large, diverse financial services organizations. He has successfully led numerous businesses and functions through major transformational change over the past 30 years, displaying a unique ability to drive sustainable revenue growth and cost reductions through innovation while fostering a loyal and cohesive leadership team.  Prior to Amerihome, Hedlund held executive positions with Bank of America, Countrywide, New Century and RBC Mortgage.

    Matthew Nichols, Chief Executive Officer and Founder, Deephaven Mortgage LLC.

    Matthew Nichols is the Chief Executive Officer and Founder of Deephaven Mortgage LLC.  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 Varde 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.

    Brian Cerise, Vice President, Phoenix Whole Loan Solutions, LLC

    Brian Cerise, Vice President of Phoenix Whole Loan Solutions, LLC (a member of the Phoenix Capital family of companies), has been engaged in the mortgage industry for well over a decade. His experience includes retail and wholesale origination, lock desk management, and most recently as a whole loan trader. He has been involved in thousands of whole loan transactions, benefitting both buy side and sell side clients, which include independent mortgage banks, depository institutions, as well as private investors. His origination background and continuing education of industry underwriting guidelines alongside his deep knowledge of compliance and servicing have made him a trusted advisor in the whole loan market.

    Gregory Tsang, Co-Head, Residential Loan Trading Business, Wells Fargo Securities

    Greg Tsang co-heads the residential loan trading business for Wells Fargo Securities and is responsible for building out and managing the platform.  Prior to joining WFS, Greg was a Director with Morgan Stanley, Barclays Capital and Lehman Brothers. In all cases he was involved in the oversight of the respective firm’s whole loan trading efforts.

  • Refreshment Break in THE HUB

    Location: Westside Ballroom,
    5th Floor

    HUB Event,

    Networking Opportunities,

    Refreshment Break

  • Impacts of Big Data on Secondary Market Activity

    Location: Empire Complex,
    7th Floor


    Speaker(s)

    Michele Raneri, Vice President, Analytics, Experian Information Solutions, Inc.

    Andrew S. Davidson, President, Andrew Davidson & Co., Inc.

    John Ardy, Chief Executive Officer and and Co-Founder, Resitrader, Inc.

    Concurrent Session

    Read more Read less

    Digital innovation has the potential to disrupt not only enterprise systems but business decisions themselves.  In particular, “big data mining” unveils new opportunities,  while also raising serious concerns about privacy, fair lending and market dynamics. Hear from experts on the potential impacts of big data on secondary market activity and how you can make this technological revolution work for you while preserving market integrity.

    Speaker(s)

    Michele Raneri, Vice President, Analytics, Experian Information Solutions, Inc.

    Michele Raneri is the Vice President of Analytics and Business Development at Experian. In this role, she manages teams of analysts and consultants who use quantitative analytics to demonstrate value of Experian’s Consumer, Commercial and Affinity solutions. Key areas of responsibilities are scoring, segmentation, portfolio benchmarking, and thought leadership. She is the Experian spokesperson regarding credit analytics, economic climate and credit trends. Raneri is an industry expert, who is a regular speaker at industry conferences and frequently quoted in the media. Prior to joining Experian, she worked at Citi Cards and most recently with Citi Mortgage as the Sr. Director of Risk Analytics. Prior to Citi, Raneri was with Delta Air Lines and Southwest Airlines. While working in the airline industry, she managed the development of marketing databases, performed strategic planning and competitive analysis as well as part of the mergers and acquisitions team.
    Raneri has over 25 years of experience in disciplines including: analytics; database development; scoring; all cycles of credit lending; valuation; loan loss reserves; and pricing.

    Andrew S. Davidson, President, Andrew Davidson & Co., Inc.

    Andrew Davidson is a financial innovator and leader in the development of financial research and analytics. He has worked extensively on mortgage-backed securities product development, valuation and hedging. He is president of Andrew Davidson & Co., Inc., a New York firm specializing in the application of analytical tools to investment management, which he founded in 1992.  Andrew was instrumental in the creation of the Freddie Mac and Fannie Mae risk-sharing transactions: STACR and CAS. These transactions allow Freddie Mac and Fannie Mae to attract private capital to bear credit risk, even as they remain in government conservatorship. Andrew is also active in other dimensions of GSE reform and has testified before the Senate Banking Committee on multiple occasions. Andrew also helped establish the Structured Finance Industry Group and served on the Executive Committee at its inception.  He is co-author of the books Mortgage Valuation Models: Embedded Options, Risk and Uncertainty; Securitization: Structuring and Investment Analysis; and Mortgage-Backed Securities: Investment Analysis and Valuation Techniques. He has contributed to The Handbook of Mortgage-Backed Securities and other publications.

    John Ardy, Chief Executive Officer and and Co-Founder, Resitrader, Inc.

    John Ardy is the CEO and co-founder of Resitrader, a whole loan platform supporting mortgage loan pricing and trading. Resitrader is the result of several years of industry interviews, process definition and strategy development regarding the role of a technology platform in whole loan mortgage trading. John has dedicated his career to developing technology and process improvements within the mortgage industry.  Prior to Resitrader, John was a member of the executive management team at Equator, a provider of internet-based software to banks and government entities and a leading provider of default servicing solutions for the mortgage industry. John has previously held executive positions at Black Knight as COO of a loan origination platform, and at Countrywide as an executive in corporate operations and technology.

  • Portfolio Lending

    Location: SoHo Complex,
    7th Floor


    Speaker(s)

    Robert F. Dozier, Executive Vice President and Chief Business Officer, Federal Home Loan Bank of Atlanta

    Fowler C. Williams, CMB, AMP, President, Chief Executive Officer and Director, Crescent Mortgage Company

    James Cotton, Senior Vice President, Mortgage Originations, Pentagon Federal Credit Union

    Robert Truitt, Senior Vice President, Mortgage Pricing and Analytics, Citizen Bank

    Concurrent Session

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    Bank lenders are retaining more than 30 percent of current production.  What considerations lead bank lenders to hold vs. sell their production?  What loans are these lenders holding on their portfolios?  How are they funding fixed-rate loans in a rising rate environment?  Participants will focus on the challenges and opportunities of portfolio lending today.

    Speaker(s)

    Robert F. Dozier, Executive Vice President and Chief Business Officer, Federal Home Loan Bank of Atlanta

    Robert F. Dozier is the Executive Vice President and Chief Business Officer at the Federal Home Loan Bank of Atlanta.  Mr. Dozier oversees the Bank’s Member Sales and Trading, Community Investment Services, Corporate Communications, and Government and Industry Relations functions.  Prior to joining FHLBank Atlanta in 2011, Dozier was president and chief operating officer for Homeowners Mortgage Enterprises (HME), a subsidiary of CoastalStates Bank, where he began as a loan officer in 1992. Dozier also served on the board of directors for CoastalSouth Bancshares, the holding company of CoastalStates Bank, and the board of directors for FHLBank Atlanta from 2002 to 2004.

    Fowler C. Williams, CMB, AMP, President, Chief Executive Officer and Director, Crescent Mortgage Company

    Fowler Williams, CMB is the President, Chief Executive Officer and Director of Crescent Mortgage Company, a subsidiary of CresCom Bank.  Fowler Williams, CMB joined Crescent Mortgage Company in 1999. In his 18 years with the company he has served as Account Executive, National Sales Manager, Executive Vice President over sales and operations. Mr. Williams became President of Crescent Mortgage Company as well as a Director on the company’s Board in 2014. In 2016 he became Chief Executive Officer in addition to his roles as President and Director.  He holds the highest designation in the mortgage industry, Certified Mortgage Banker (CMB).  Mr. Williams serves as immediate past Chairman of the Mortgage Action Alliance (MAA), the grassroots policy, advocacy, and lobbying network for the real estate finance industry.  He has been named Chairman of the Community Bank and Credit Union Network (CBCUN) for the National Mortgage Bankers Association where he also serves on the Independent Mortgage Bankers Executive Counsel, the Regulatory Compliance Committee. He was elected Ambassador to the state of Georgia’s Mortgage Bankers Association where he is an active member of its political affairs committee.  Mr. Williams has been named to the Customer Advisory Board of Freddie Mac, the Customer Advisory Board for Accenture - Mortgage Cadence, and was named to the forty most influential mortgage professionals under 40 by National Mortgage Professional magazine on multiple occasions. He is regularly a featured speaker at national and state associations of mortgage lenders, real estate professionals, community banks, and credit unions.  Mr. Williams played an instrumental role in Crescent Mortgage’s parent company becoming publicly traded on Nasdaq (CARO) where it has experienced a 275% increase of its shareholders’ investment since its initial public offering in 2015.  Prior to joining Crescent Mortgage Company Mr. Williams served as a mortgage loan originator and as a state representative for a national mortgage insurance company.

    James Cotton, Senior Vice President, Mortgage Originations, Pentagon Federal Credit Union

    James Cotton is the Senior Vice President of Mortgage Originations at Pentagon Federal Credit Union.  With over forty years in financial services, Jim has a diverse background. He joined PenFed Credit Union in October of 2016 as SVP of Mortgage Originations including Firsts and Seconds. Before PenFed, Jim worked in various Ocwen affiliates building Retail Lending before moving to Correspondent Lending. Prior to Ocwen, Jim served as Vice President of Freddie Mac for twenty years including roles in Sales, Marketing, Risk Management, Operations, and Strategic Planning. In his last role, he managed almost 2,000 customers.  Prior to joining Freddie Mac, Mr. Cotton spent almost ten years in originations including SVP of Production for Bank of America. His experience included production, operations, underwriting, and marketing. Before the mortgage industry, he worked in the Federal government at the GAO and FSLIC and earned his CPA.

    Robert Truitt, Senior Vice President, Mortgage Pricing and Analytics, Citizen Bank

    Robert L. Truitt is a Senior Vice President, Mortgage Pricing & Analytics at Citizens Bank. Robert’s function is responsible to oversee the bank’s mortgage portfolio pricing and analytics which includes quantitative returns modeling, strategy development and pricing oversight and governance. Prior to re-joining Citizens in 2016, Robert spent three years as a Vice President in the Chief Investment Office & Retail Treasury groups at JP Morgan Chase covering Interest Rate Risk, Funds Transfer Pricing and Securitization support. Prior to his time at JPMC, Robert had roles in the Treasury & Mortgage Pricing groups at Citizens and Mortgage Capital Markets at Morgan Stanley.

Wednesday, May 3, 2017

  • Press Room (Credentialed Media Only)

    Location: Belasco,
    5th Floor

    Press Event

  • Committee Meeting

  • Registration

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

    Registration

  • Continental Breakfast

    Location: Westside Ballroom Foyer,
    5th Floor

    Breakfast,

    Networking Opportunities

  • Case Study on Execution and Hedge Strategy

    Location: Lyceum Complex,
    5th Floor


    Speaker(s)

    Joaquin (Ken) Torre, Senior Director, Capital Markets, First Guaranty Mortgage Corporation

    Steven J. Robertson, Principal, PwC

    Don Brown, Managing Director, Secondary Services, Optimal Blue, LLC

    Kevin Rubash, Vice President, Quantitative Risk Management, Inc.

    John Sayre, Senior Vice President, Secondary Marketing and Servicing, Guardian Mortgage Company, Inc.

    General Session

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    The end of 2016 brought with it a host of uncertainty for mortgage companies.  From rising rates to the predominance of a purchase market, market dynamics
    continue to change rapidly.  This is putting a premium on understanding your company’s pricing dynamics overall and within each product channel.  Price optimization and hedging practices are paramount to sustainable success.  This session will feature a presentation of a case study by an industry leader on how such a program was implemented over the course of his career and what advice he has for others looking to navigate these market currents.

    Speaker(s)

    Joaquin (Ken) Torre, Senior Director, Capital Markets, First Guaranty Mortgage Corporation

    Joaquin “Ken” Torre is Senior Director of Capital Markets for First Guaranty Mortgage Corporation, a national mortgage lender specializing in providing government home loan solutions. His primary responsibility is managing a team of subject matter experts in the areas of pipeline and MSR portfolio hedging strategy, margin management optimization, corporate governance oversight, economic to accounting revenue reporting, and liquidity and warehouse management and optimization. Ken has served in senior leadership roles at Capital One, PwC, Bank of America and Countrywide. Ken is also a Certified Public Accountant.

    Steven J. Robertson, Principal, PwC

    Steve 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.

    Don Brown, Managing Director, Secondary Services, Optimal Blue, LLC

    Don Brown is the Managing Director of Secondary Services at Optimal Blue.  Don brings more than 25 years of business management, sales and legal experience to Optimal Blue, having pioneered the application of SaaS technology towards creating a more accurate, transparent and efficient hedge management, best execution and loan allocation system. He founded Optimal Blue Secondary Services, whose technology infused accurate pricing and guideline content into the platform’s hedge strategy and capital markets workflow.  Optimal Blue operates the mortgage industry’s digital marketplace, connecting lenders, investors and providers. At the center of our marketplace is a robust analytics engine containing the industry’s largest library of loan programs and real-time loan pricing data. The engine is surrounded by a workflow automation system enabling lenders to price, lock and sell mortgage loans while managing risk and maximizing efficiency. Through marketplace participation, investors gain access to the largest network of lenders and brokers in the industry while leveraging tools to automate data exchange, improve decision making and source new business. Value-added providers represent an important third group of marketplace participants, consuming pricing data to enhance the value of their solutions for Optimal Blue lenders. Together these lenders, investors and providers form a unique, multi-sided marketplace touching one of every four mortgage loans closed nationally each year.

    Kevin Rubash, Vice President, Quantitative Risk Management, Inc.

    Kevin Rubash is a Vice President at Quantitative Risk Management, Inc. (QRM) – a Chicago-based firm specializing in Risk Management consulting for financial institutions worldwide with 15 years of expertise in Capital Markets. QRM is noted for pioneering work in the option-based approach to pricing and modeling mortgage related assets, and for developing option-based models to value and determine the interest rate sensitivity of a mortgage pipeline.  Prior to joining QRM in 2002, Kevin worked as a management consultant at Accenture. During his six years at Accenture his specialties included financial services, energy and e-commerce industries.  He has served as an instructor of finance at the University of Economics, Prague. As part of his charitable efforts Kevin also serves as a trustee and a director of investments for a non-profit organization.

    John Sayre, Senior Vice President, Secondary Marketing and Servicing, Guardian Mortgage Company, Inc.

    John is Senior Vice President for Guardian Mortgage Company.  Guardian is a medium-sized mortgage bank that has built its reputation for outstanding customer service over the past 50 years.  John manages the Secondary Marketing area as well as the Loan Servicing group.John Sayre is a Dallas-based mortgage banker with 30 years of broad mortgage industry experience. His career includes expertise in secondary marketing, mortgage servicing strategy, customer management, and investor relations.  Prior to Guardian, John held senior business development roles at InCenter Mortgage Advisors “IMA”, Caliber Home Loans, and Nationstar Mortgage with a focus on the purchase and sale of mortgage servicing rights and generating subservicing agreements.  John was also with Fannie Mae for 15 years where, as Vice President, he led the customer account teams responsible for all lenders in the western US.  John’s background includes 8 years in secondary marketing having managed hedging and trading for Home Savings of America, the largest lender in the country at the time.

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