CREF Track Session 8: Listening Session on HMDA Reform

Wednesday, April 15, 2026 2:30 PM-3:00 PM NABPAC Headquarters, 700 Pennsylvania Ave SE, 2nd Floor
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MBA has long called for the Home Mortgage Disclosure Act to exempt investment real estate, which adds nothing to the goals of HMDA. Join Amy Frazey, Senior Vice President and Director of the Standard at StanCorp Mortgage Investors and John Waldeck, Head of Real Estate Debt Portfolio at Pacific Life Investments as they lead a discussion of HMDA for guests from the Consumer Finance Protection Bureau. MBA is calling for new rulemaking on HMDA to eliminate this regulatory burden that provides little to no consumer value.

Speakers

Speakers

  • Photo of Amy Frazey, CPA
    Amy Frazey, CPA

    Senior Vice President and Managing Director, StanCorp Mortgage Investors, LLC

    Amy Frazey is the Senior Vice President and Managing Director for StanCorp Mortgage Investors, LLC (SMI), a subsidiary of StanCorp Financial Group, Inc. the holding company of Standard Insurance Company. She leads the origination, closing, servicing, operations and accounting teams that are responsible for their commercial real estate loan portfolio which is in excess of $19 billion and approximately 6,300 loans. She has been involved in the commercial real estate industry for over 22 years. Amy currently serves as a board member of the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), has served on the COMBOG Servicer Council and on the board of the Oregon Mortgage Bankers Association. She was the recipient of the MBA Distinguished Service Award in 2019.

  • Photo of John M. Waldeck, CMB, CRI
    John M. Waldeck, CMB, CRI

    Head of Real Estate Debt Portfolio, Pacific Life Insurance Company

    John Waldeck is the Head of Real Estate Debt Portfolio for Pacific Life Insurance Company, having joined the company in 1998. In this role, he oversees the combined Commercial, Agricultural, and Residential real estate debt portfolios that make up over $25 billion of Pacific Life’s general account investments. John’s diverse teams manage servicing (internal and external), reporting, construction administration, portfolio risk management, problem asset resolution, investment program guidelines, and underwriting guidelines/resources. John provides the origination teams support for the underwriting, analysis, structuring and closing processes for real estate debt investments. In addition, John assists with the engagement of participation programs, third party sourced investments, and rated real estate investments. John provides expertise to industry regulatory efforts and real estate trade associations. John also directs the development and training for Real Estate staff and provides real estate learning resources for other interested employees.

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