Stefanos is a lead analyst within the Structured Finance Group at Moody’s Investors Service, where he is responsible for primary new issuance ratings on commercial mortgage backed securities. Stefanos is a member of the large loan transaction team with a specific focus on retail, hotel, and multi-family. Additionally, Stefanos takes a lead role on all multi-family credit analysis including all Freddie Mac K-Series transactions. Stefanos is co-leading Moody’s analysis of proposed single family rental securitizations. Before joining Moody’s, Stefanos was a Vice President with BB&T in Washington, DC where he held various positions within the real estate group including: commercial and multi- family originations, single family residential construction and residential mortgage origination, where he was responsible for over $4 billion in originations. Stefanos often guests lectures courses on real estate finance at Georgetown University and George Washington University. Stefanos received a B.S. in Economics from the University of North Carolina at Charlotte and a Master's of Real Estate from Georgetown University. He currently lives in New York City.
Gary left his co-CEO role at Starwood Waypoint Residential Trust (ticker: SWAY) in April of 2015 to co-found ROOFSTOCK (formerly DwellConnect), a technology-enabled Internet marketplace designed to dramatically improve transactional liquidity in the SFR sector. In 2009 he joined the board of single-family rental (SFR) pioneer Waypoint Homes and began investing in SFR, eventually joining full-time in 2011 to help raise the first significant institutional capital into the sector. In the fall of 2013 Gary helped orchestrate Waypoint’s merger with Starwood Capital Group, forming SWAY and taking the company public on the NYSE in early 2014.
Gary has spent the majority of his career in operationally-intensive and technology-driven companies with a significant real estate component to their businesses. Prior to joining Waypoint, Gary served as CEO of boutique hotel company Joie de Vivre Hospitality and award-winning solar technology start-up Greenvolts. Between 2001 and 2007 Gary was an operating executive with ZipRealty, where as its CFO he led the innovative Internet-based residential brokerage through its successful IPO before eventually being named its President. Gary also spent six years with KSL Resorts where he was instrumental in acquiring and integrating over $800 MM of resort properties. Earlier in his career, Gary worked for leading real estate industry firms LaSalle Partners (now Jones Lang LaSalle) and Security Capital Group.
Gary earned a BA in Economics from Northwestern University and an MBA from Stanford Graduate School of Business.
Alan Boyce is Co-Founder and an active member of the board of directors of Adecoagro(NYSE:AGRO), a food and renewable energy-producing company that owns and operates highly productive land throughout Argentina, Brazil and Uruguay. Adecoagro owns 285,000 hectares of highly productive farmland, leases another 175,000 hectares and has 8,000 employees. Alan is also Executive Chairman and Co-Founder of Materra, LLC, a California and Arizona based agricultural production company. Materra was formed in 2010 and is currently the owner and operator of 25,000 acres of farmland where it grows alfalfa, cannery tomatoes, pistachios, dates, citrus, organic vegetables, jalapenos, melons, cotton and wheat.
Boyce was Senior Managing Director at Countrywide Financial, responsible for management and leadership of the bank’s investment, hedging and funding strategies. He oversaw secondary markets, securities and loan purchase activities, commercial mortgage origination, hedging and managing a large mortgage servicing book, reinsurance, as well compliance with the Community Reinvestment Act. He was at Countrywide from March 2007 to July 2008. Prior to joining Countrywide, Boyce served as Director of Special Situations at Soros Fund Management LLC. During his tenure with Soros, he managed a portfolio of assets of the Quantum Funds with a focus on mortgage backed securities and reinsurance. He also had principal operational responsibilities for the bulk of Soros’ investments in Latin America. Boyce was a full time employee at Soros from August 1999 to March 2007 and has continued as a consultant since then. Before joining Soros Fund Management, Boyce served as Managing Director at Bankers Trust. He was in charge of Fixed Income Arbitrage, the bank’s mortgage portfolio and compliance with the Community Reinvestment Act. He was with Bankers Trust for 14 years. Prior to that, he worked for the Federal Reserve Board in Washington, D.C.
Boyce holds an MBA degree from Stanford University and a Bachelor of Arts degree in Economics from Pomona College, where he graduated magna cum laude.
As head of this office, Meg manages various policy and regulatory initiatives involving single-family and multifamily finance and loss mitigation strategies, as well as insurance-related activities of the government-sponsored enterprises. Meg came to FHFA to lead to Office of Congressional Affairs and Communications, where she was responsible for handling external relations for the agency.
Before joining FHFA, Meg was the Director of the Office of Single Family Program Development for the Federal Housing Administration (FHA). She oversaw all origination policies related to FHA’s single-family programs. Meg managed three divisions, handling valuation, credit policy, and counseling services.
Over the last several years, Meg has been actively involved in industry-wide discussions regarding the role of the federal government in addressing the mortgage crisis. She has presented at numerous national and local events, testified before Congress, and provided information to media outlets on a wide variety of housing finance issues. Meg holds a bachelor’s degree in philosophy from Connecticut College and a master’s degree in philosophy and public policy from The George Washington University.
Oliver is a co-founder and managing director of Sylvan Road Capital, an asset management firm focused on the buy-to-rent market. Oliver is a thought leader on the topic of institutional investments in distressed single family housing, having served both investors and government agencies. His housing research is often cited in the media at outlets including CNBC, NPR, Reuters, Bloomberg, the Wall Street Journal and the Washington Post. Before co-founding Sylvan Road, Oliver served as Morgan Stanley's Head of US Housing Strategy and focused on all aspects of the housing market including home price dynamics, supply and foreclosure issues, demand and mortgage credit concerns, and the relationship between home prices and mortgage performance. Oliver received a BS in Operations Research and Industrial Engineering from Cornell University and an MBA from Columbia Business School.
Justin, as Principal of Colony Capital, is responsible for the identification, evaluation, consummation, and management of new investments, with a particular focus on extending Colony's presence and activities on a global basis. He is also the Chief Executive Officer of Colony American Homes as well as the Chief Executive Officer of CAH Manager, LLC. Prior to joining Colony in 2010, Justin was a Partner and Managing Director with TPG Capital, an international private equity investment firm that he joined in 1993. At TPG, Justin led private equity investments across a broad range of industries and in multiple geographies. He currently serves on the Board of Directors of Colony American Homes and CAH Manager, LLC and has served on the Board of Directors of Beringer Wine Estates, Crystal Decisions, Lenovo Group, On Semiconductor, Shenzhen Development Bank, Silverado Premium Properties, and UTAC Holdings. Justin received his M.B.A. from Harvard Business School in 1993 and his B.A. in Economics and Political Science from Yale University in 1989. He serves on the Yale Development Council and the Yale President's Council on International Activities.
As co-founder and CEO of the Charfen Institute, Alex has redefined the standard of success for business leadership. His determination and passion for success come in part from 20 years as an entrepreneur, in which he’s achieved great success and weathered failure, from bankruptcy to the Inc. 500. Not only has Alex reshaped the entire real estate industry by authoring the Certified Distressed Property Expert® (CDPE)—the fastest-growing independent designation in real estate history—and the Certified Investor Agent Specialist™ (CIAS) designations, but he has educated, coached and developed numerous small business owners through the revolutionary LEAD Experience. Alex has been a featured speaker for numerous industry organizations, including: RE/MAX Coaching Hall of Fame; STAR POWER Systems; Keller Williams; the Women’s Council of Realtors® (WCR); Number 1 Expert; The RedEX; Tour Factory; and the Council of Residential Specialists (CRS). Additionally, Alex makes regular appearances on network television, including Fox and CNBC, as an expert housing market analyst. He was also a participant in the U.S. Federal Housing Finance Agency’s (FHFA) 2009 Short Sale and Deed-in-Lieu Roundtable, which laid the groundwork for the Home Affordable Foreclosure Alternatives (HAFA) program.
A specialist in leading strategic initiatives and achieving mission critical priorities, Ms. Charles was the General Deputy Assistant Secretary for the Office of Housing and Deputy Commissioner for the Federal Housing Administration (FHA) at the United States Department of Housing and Urban Development (HUD). In this role she oversaw the operations of the FHA and advised on policy and regulatory development, portfolio management, legislative affairs and communications in the areas of Housing Counseling and Single Family, Multifamily and Healthcare mortgage insurance and finance. Previously, Genger served as a Senior Policy Advisor and the first ever Chief of Staff to the FHA Commissioner.
Ms. Charles has led multiple high priority initiatives impacting primary and secondary mortgage markets, FHA insurance funds, and affordable housing, including FHA’s Blueprint for Access, the sale of mortgage notes through the Distressed Asset Stabilization Program (DASP) and the Multifamily Small Buildings Risk Share Initiative. Genger has also served as a key decision maker in the establishment of FHA mortgage insurance premiums, enforcement policies and organizational change management through the Multifamily for Tomorrow Transformation Initiative and institutionalizing the FHA Office of Risk Management.
A frequent media contributor, speaker and guest lecturer, Genger earned a Bachelor of Science in Policy Analysis and Management from Cornell University and is a graduate of The George Washington University Law School. During law school she worked as a law clerk for the U.S. Department of Justice Antitrust Division, the Senate Judiciary Committee and at the government affairs and public relations firm Dutko Grayling (formerly Dutko Worldwide).
In 2013, Ms. Charles was selected for the inaugural class of the President's Leadership Workshop, a highly selective leadership training course created by President Obama to prepare the next generation of Senior Administration Officials by offering participants an opportunity to refine management, communications and leadership skills.
From assisting in the development and implementation of strategy on operational, legislative, legal and regulatory issues, to securing the passage of legislation in multiple sessions of Congress, Ms. Charles has a breadth of experience in multiple facets of the affordable housing and housing finance industries.
Mr. Charnoff is the founder and CEO of RentRange and Investability, guiding the firm’s vision and strategic plan. He is a serial entrepreneur who has spent the last 20 years developing cutting-edge companies in the securities and real estate technology sectors. Considered one of the foremost subject matter experts in the field of residential investing, he is frequently called upon by mainstream media to provide knowledge in both televised and print form.
Dennis Cisterna III is the Chief Executive Officer of Investability Solutions, an Altisource business unit focused on providing a comprehensive suite of services to the SFR investment sector. He was appointed CEO in July after spending the previous 18 months as the firm's Chief Revenue Officer. Prior to Investability he served as Managing Director of FirstKey Lending, a portfolio company of Cerberus Capital Management.
Dennis, an AmeriCatalyst speaker and host since 2013, has held a wide variety of management positions within the real estate investment sector including key roles at notable firms such as Johnson Capital, Lennar, and Toll Brothers. Throughout his career, he has been completed more than $3 billion worth of real estate transactions across the U.S. and Europe.
A requested speaker at economic and real estate conferences across the nation, Dennis also serves as a contributor for U.S. News & World Report and hosts The Investability podcast. He is a Licensed Real Estate Broker in California and has a B.A. in Political Science from San Diego State University.
Sean Dobson is Chief Executive Officer and Chairman of the Board of Amherst Holdings, an investment services holding company which controls several companies dedicated to the U.S. real estate finance industry. Amherst is widely known for their data and analytics and one of the few residential mortgage specialists to anticipate the 2008 mortgage crisis. Mr. Dobson has over 25 years of experience in the mortgage industry, including origination, banking, brokerage, and asset management. Mr. Dobson served as a board member of the Structured Finance Industry Group, is a Co-Founder of CapCityKids in Austin, Texas and serves as a Governing Trustee for the Dana-Farber Cancer Institute in Boston. He lives with his wife and two children in Austin, Texas
Tom Eggleston is Chief Executive Officer of RENU. He was the CEO of the seventh largest private Home Builder in the US before he became Founder and CEO of RENU Management LLC. He was awarded the APEX Award from Big Builder Magazine for leading industry innovation. Previously, Eggleston led a $6B global consumer goods company and was CEO of a $1B NYSE and Hong Kong listed company headquartered in China. Eggleston was General Manager of the Automotive division for Illinois Tool Works Automotive Division which patented the application of electrostatic water-based paints; he led its sale to ABB/Flakt. Eggleston is Founder and former CEO of Interactive Metronome, a medical devise utilized in more than 10,000 Hospitals and clinics globally.
He also was Founder and CEO of Drivers Mart Worldwide, the pioneer in the online sale of automobiles before its sale to AutoNation. Eggleston graduated Phi Beta Kappa from Dartmouth College and from the University of Virginia School of Law. Tom was an Adjunct Professor at the Krannert School of Management, Purdue University.
A recovering investment banker, Rich deserves the Single-Family Rental Lifetime Achievement Award... for being one of the first to embrace the Single-Family Rental sector as an institutional asset class during his time at Jefferies. Having previously spent time at Lehman and Bank of America, Rich is embracing startup life and only wonders why he waited this long to dive in! Being Canadian, of course Rich put himself through college rappelling out of helicopters to fight forest fires. Don’t they all?
Julia's work focuses on stabilizing the housing market, shaping the future of housing finance, and other housing-related policies.
Prior to joining American Progress, Julia managed the single-family policy team at the Federal Housing Finance Agency, focusing on aligning and improving Fannie Mae and Freddie Mac policies on mortgage servicing, unemployment forbearance, and short sales and on reviewing changes to Fannie Mae and Freddie Mac single-family seller-servicer contracts.
Julia previously served as senior policy counsel at the Center for Responsible Lending, where she focused on legislative and regulatory work related to predatory lending and foreclosure prevention policies. In that position, she provided technical assistance to congressional staff, frequently testified before Congress and other public bodies on mortgage-related matters, commented on banking and housing rulemakings, and worked extensively with the media, including appearances on the “NewsHour with Jim Lehrer,” “NBC Nightly News,” and “The Diane Rehm Show.”
Her background also includes many years working on legal aid policy at the Center for Law and Social Policy and other organizations, as well as working as a litigator at the law firm of WilmerHale and as an adjunct lecturer at American University’s Washington College of Law.
Julia received her bachelor’s degree in government from Harvard College and her J.D. from Harvard Law School.
Eric has 15 years of general management and real estate experience. As the President of Haven Realty Capital, he is responsible for the strategic and tactical direction of the firm's operating platform, which includes fundraising, infrastructure design, process development, systems implementation and staff leadership and development. Eric began his career at a Beverly Hills-based venture capital firm focused on the seeding of early stage start-up companies in the New Media and Internet spaces. In this role, Eric was instrumental in the formations of four start-ups in roles ranging from market strategy and positioning, business development, general management and staffing. Following his start-up experience, Eric held numerous management positions with a global leader in industrial supply distribution. While there, Eric was responsible for all management and operational aspects of a core operating division consisting of 250 employees and 30 departmental managers engaged in customer service operations for the $1 billion West Coast region. Prior to co-founding Haven Realty Capital, Eric worked at a commercial development and property management firm in Los Angeles. While there, Eric managed a commercial real estate portfolio totaling approximately 2.5 million square feet and valued in excess of $400 million. Eric holds an MBA from the Marshall School of Business at USC, a Master's in Real Estate Development (MRED) from USC and a BA in Political Science from Yale University. After graduating from Yale, Eric was drafted by the St. Louis Cardinals and played in its minor league system prior to beginning his professional career.
Mr. Hallock serves as a Senior Vice President, Director of Acquisitions and Conversions. Mr.Hallock is responsible for integrating new markets into the company's operations, managing the acquisition homes through trustee and MLS sales in the Nevada, California and Arizona markets; the Alternative Acquisition channels which include bulk portfolio sales, national on-line auctions, GSE pool sales, and our non-performing loan channel. He also oversees the Conversion and 3rd Party Management portfolio management functions in addition to developing initial analytics, reporting and staffing metrics for American Homes 4 Rent.
Ethan directs NHC's policy and advocacy agenda focused on stemming the foreclosure crisis, strengthening the nation's housing finance system, improving the coordination of housing, transportation and energy policy and assisting low- and moderate-income families through a stronger, balanced housing policy. Ethan joined NHC in March 2011 after leading the advisory practice at Recap Real Estate Advisors, assisting public- and private-sector clients to understand and shape the affordable housing financial and policy environment. While at Recap, Ethan authored "Government Sponsored Enterprises and Multifamily Housing Finance: Refocusing on Core Functions," commissioned by NHC. Other recent projects included redesign of LIHTC QAPs for multiple states, development of a rental subsidy and soft debt production program for the Republic of Ireland, and analysis and transaction work on hundreds of multifamily affordable properties nationwide. Ethan received his MA in International Relations from Harvard University and holds a BA in Political Science from University of Michigan.
Laurie Hawkes is the former co-founder of American Residential Properties, which is one of the top-five fastest-growing companies in the housing industry. In the past year, she has taken ARPI public as a REIT, and overseen its first rental-backed securitization, backed by 2,876 single-family homes in the company’s portfolio. Ms. Hawkes co-founded the Phoenix Fund and ARM in early 2010, as well as ARP LLC in October 2008. From 1995 to 2007 Ms. Hawkes worked at U.S. Realty Advisors, a $3 billion real estate private equity firm, becoming a Partner in 1997 and serving as President of the firm from 2003 to 2007. In the seventeen years prior to joining U.S. Realty Advisors, Ms. Hawkes was a Wall Street investment banker specializing in real estate and mortgage finance. From 1993 to 1995, Ms. Hawkes was a Managing Director in the Real Estate Investment Banking Division at CS First Boston Corp., and from 1979 to 1993 was a Director in the Real Estate Investment and Mortgage Banking Departments at Salomon Brothers Inc. During her investment banking career, she structured and negotiated more than $16 billion in real estate acquisitions and securitized mortgage debt transactions for all property types utilizing many types of financing, including private equity, capital markets financial institutions and institutional investors. She holds a BA Degree from Bowdoin College and an MBA from Cornell University.
Anny is a partner in Sidley's Chicago office and serves as chair of Special Opportunities in the Global Finance practice. She represents and advises international banking clients, leading investment funds and public and private corporations. Her practice includes complex syndicated loan transactions and special opportunity financings, including acquisition and sponsor financings, structured financings, financings for investment funds (including fund-of-fund facilities, margin loans, broker-dealer financings, capital call facilities, repurchase agreements, derivatives and warehouse loans), securitizations, secured facilities for esoteric assets (such as hedge fund interests, private equity investments, insurance commissions, containers and single family rental), mezzanine and second lien, restructurings and workouts. Recent transactions include representing the agents and arrangers in a credit facility for owned residential assets for funds affiliated with Blackstone Group LP. Anny currently serves on the Sidley Austin's investment and retirement plans committee and is also a member of the committee on the retention and promotion of women. She graduated from the University of California - Berkeley (B.A., B.S., 1995), with highest honors and received her J.D. from Columbia University School of Law.
JK Huey is senior vice president of Wells Fargo Home Lending Asset Management and Preservation, headquartered in San Antonio, Texas. In her role, Huey is directly responsible for managing all REO (real estate owned) and property preservation activities for the servicing channel.
Huey, a 30+-year veteran of the mortgage industry, joined Wells Fargo in 2009. Prior to joining Wells Fargo, she was the servicing manager at IndyMac Bank and held senior management positions with Washington Mutual and HomeSide Lending. Huey has managed customer service, default management, escrow administration, cash management, investor reporting, acquisitions, and retail production.
Along with being a Certified Mortgage Banker, Accredited Mortgage Professional, a member of the MORPAC and Loan Administration Steering Committees with the Mortgage Bankers Association of America, Huey was president of the Texas Mortgage Bankers Association from 1998-1999 and chairman of multiple committees. She is the recipient of the Young Mortgage Banker of the Year Award in 1992, the Larry E. Temple Distinguished Servicer Award for 2012, and the 2014 Five Star Lifetime Achievement Award. She also has experience on the Black Knight Mortgage Advisory Board, Freddie Mac Servicer Advisory Board, Fannie Mae Customer Advisory Group, and the National Mortgage Servicing Association.
Huey is a graduate of the MBA School of Mortgage Banking and holds the designations of Master Certified Mortgage Banker and Accredited Mortgage Professional. She also has a master’s degree in Business Administration from Our Lady of the Lake University, San Antonio, Texas.
A 25-year commercial real estate professional, Chris has extensive experience in real estate debt, mezzanine and equity markets. As the Managing Director - Head of Real Estate, Chris is responsible for all facets of CapitalSource's national real estate lending business. CapitalSource, a publicly-traded (NYSE: CSE) commercial lender, provides financial products to middle market businesses and through its wholly owned subsidiary, CapitalSource Bank, provides depository products and services in southern and central California. As of June 30, 2013 CapitalSource had over $8.5 billion of total assets and approximately $5.5 billion in deposits. In his current role, Chris develops the strategy and oversees the execution of the commercial real estate debt activities at CapitalSource. CapitalSource’s real estate lending targets mortgage investments in all types of commercial and for-rent residential real estate assets. Clients of the Real Estate Group are established public and private real estate firms. Prior to CapitalSource, Chris was a Managing Director and founding member of Natixis (f/k/a CDC Mortgage Capital) where he was responsible for the origination of senior and mezzanine loans. Previous to this, Chris was with Lehman Brothers where he originated interim and permanent debt for the Fixed Income Group. Prior to Lehman, Chris spent over eight years in the real estate division of Heller Financial in Chicago and New York. At Heller, Chris was involved in numerous activities including the origination of a wide array of senior and mezzanine debt for all types of commercial real estate. Additional roles during his tenure at Heller included origination of equity investments in single family and multi-family developments and construction asset management for several high profile New York City commercial and mixed-use developments. Chris is a graduate of the University of Wisconsin-Madison and is member of various real estate organizations including ULI, MBA, ICSC, WREAA and REBNY. He is a former board member for the Wisconsin Real Estate Alumni Association.
With over 20 years of experience, Robert is a national expert in the property preservation industry. As the founder of Safeguard Properties he began his business in 1990 with just a handful of employees and a commitment to customer service. Under Robert’s leadership Safeguard Properties has grown to over 1,000 employees with an extensive network of subcontractors throughout the United States, Puerto Rico, and the Virgin Islands. His vision and ingenuity have earned Robert a reputation as an innovator and he is widely recognized as an industry pioneer. Robert’s deep concern for communities suffering from the devastating effects of economic downturn and an ongoing foreclose crisis, has led him to seek out ways to ease the burden on America’s most vulnerable populations. This concern prompted Robert to support the creation of SecureView, an alternative board up system that is designed to look like traditional windows. Robert has also received National acclaim for developing a model for holistic community revitalization and is presently implementing the approach in one of America’s hardest hit neighborhoods. Robert currently serves as the Chairman of Safeguard Properties and SecureView. He also served as chair of the National Vacant Properties Registration Committee of the Mortgage Bankers Association (MBA). Robert represents not only Safeguard, but the industry as a whole, in national associations including MBA, USFN, CMBA and REOMAC. He has been a session leader and panelist at yearly conferences, in addition to being the primary sponsor of the annual National Property Preservation Conference, which began in 2004. In 2009, Robert received the prestigious Ernst & Young Entrepreneur of the Year Award. He won both in the Northeast Ohio region in the category of professional services and asset management firms, and nationally in the servicing category.
D. Robert Anderson Lee is a co-founder and managing director of Sylvan Road Capital, an asset management firm focused on the buy-to-rent market. Rob is also the CEO of HavenBrook Partners, a wholly owned subsidiary of Sylvan Road Capital. He has over 16 years of experience in the real estate construction industry. Before co-founding Sylvan Road, Rob was a founder and managing director of Delmar Realty Advisors, an Atlanta-based firm focused on the buy-to-rent market. Prior to this, Rob owned several successful companies that designed and built commercial and residential properties, most recently serving as vice president and owner of Chesapeake Development where he designed and built over 150 single family homes. Rob was also an owner and principal of Axio Designs and Rice Design Studio. Both firms focused on residential and commercial design and build projects. Rob received a Bachelor’s of Arts in Philosophy from Emory University and a Masters of Architecture from Georgia Institute of Technology.
Dan is the founder of Center Creek Capital Group, which he formed as an investment fund investing in the REO-to-rental space and to provide strategic advisory services to private investment funds and mortgage finance companies. He also serves as a Senior Advisor at the Collingwood Group, a business development advisory firm in Washington DC. Previously, as Director of Investments for Lone Star Funds, a $40B private equity fund specializing in distressed debt, he opened the fund's Washington DC office to focus on public-private partnerships. Dan has worked as an investment banker and a Director of Corporate Development at Capital One, where his deals included the $14B acquisition of North Fork Bank. Dan has published research papers on economics and business policy, and spoken at Harvard Business School, George Washington University School of Business, and industry conferences. He serves on the Board of Directors and as Chairman of the Finance Committee for Friends of Choice in Urban Schools (FOCUS), as well as on the Board of Directors for DC Scholars, a start-up public charter school in Washington DC. Dan has a BA from Yale and an MBA from the Wharton School of Business.
Richard has over 30 years of experience in mortgage banking and property management including managing all aspects of mortgage banking including originations, servicing, and secondary marketing. His prior experience includes SVP of Executive Administration for Lomas Mortgage USA, President of Winstar Mortgage Partners, and 11 years with Guaranty Residential Lending ,a top 25 mortgage operation, as Chief Operating Officer. His accomplishments include operating a $10 billion a year origination and 100,000 loan servicing platform, extensive M&A experience, development of several asset or investment M&A structures, and management of multiple conduits and national operational platforms including property management. Richard received his BS from the School of Communications at The University of Texas in Austin, Texas.
Jeb Mason is Managing Director of the Cypress Group, a Washington, DC-based boutique financial services consulting firm focused on helping businesses and institutional investors identify opportunities and navigate political risks in today’s dynamic policy environment. From 2007 to 2009, Mason served as Deputy Assistant Treasury Secretary for Business Affairs and Policy Advisor to Secretary Henry M Paulson, Jr. Prior to joining Treasury, Mason worked in the White House as Associate Director for Strategic Initiatives. Earlier in his career, Mason spent three years as a Department of Defense Fellow where he held posts at the Pentagon, the White House, the Department of Homeland Security, and with the Coalition Provisional Authority in Iraq. A native Texan, Mason received degrees in Economics and Public Policy from Southern Methodist University.
Jay McCanless joined Sterne Agee in 2013 as a senior research analyst covering homebuilders and home furnishing companies. Prior to Sterne Agee, Mr. McCanless compiled nine years of experience covering homebuilders, mortgage REITS, and home furnishings for Avondale Partners, FTN Midwest, Guggenheim Securities, and Topeka Capital Markets. Mr. McCanless received a BSM in Finance from Tulane University's A.B. Freeman School of Business and an MBA from Belmont University's Massey School of Business.
Mr. McGill is a principal and the Director of Research at Zelman & Associates, responsible for the development and oversight of the firm’s macro research and sector coverage of the apartment, building products, homebuilding, homecenter, mortgage, real estate services, single-family rental and title industries. Prior to Zelman, Dennis was employed by Credit Suisse Group in New York as a Senior Associate Analyst. He earned a Bachelor of Arts with a concentration in Economics and a Master of Accounting from the University of Michigan. Dennis also holds the Chartered Financial Analyst (CFA) designation, is a member of the New York Society of Security Analysts and is certified with the Series 7, 24, 63, 86 and 87 licenses.
Dale started his career in Loss Mitigation more than 38 years ago and has led FAS for the past 13 years. Dale has previously worked with several mortgage lenders and service providers, including Ryan Mortgage Co., Lomas Mortgage, USA, Mellon Mortgage West and CALMCO, Inc. Collections, foreclosures, and REO administration have been the sole focus of Dale's career, and he has dutifully earned the trust and respect from his colleagues across the industry. In addition to many awards and accolades over the years, Dale serves on The DSN Editorial Advisory Board.
Susan is the head of the Residential Finance with over 27 years of experience in providing Citi’s clients expertise in all matters related to the financing and securitization of residential mortgages and other residential assets traded by Citi Global Markets. She delivers the resources of Citi to clients by understanding their needs, objectives and constraints. Through Susan’s leadership, Citi structures both term and permanent financing solutions to institutional clients collateralized by Agency, Non Agency, Jumbo, Mortgage Servicing Rights and Single Family Rental product. Susan received her BS in Accounting from Long Island University.
Toni Moss is the founder, curator and CEO of AmeriCatalyst LLC and EuroCatalyst BV, “sister” advisory firms with specialized services for investors and companies engaged in housing finance and Single Family Rental (SFR). She is also Chairman of the Board of The AmeriCatalyst Idea Lab, a non-profit which generates viable ideas to stabilize and sustain the housing market. Toni is a unique force in housing and real estate; with an entrepreneurial background in corporate intelligence, strategy, market positioning and trend forecasting, she is both a catalyst and connector to move agendas forward. With hands-on operational and senior management experience in 21 national mortgage markets around the world, Toni is one of few experts with a truly global perspective on the industry.
Frequently among the first to identify significant trends and articulate their impact, she is known for calling a series of international government meetings and giving industry-wide presentations and interviews (beginning in 2001) to draw attention to the role of international housing finance and investment as “the epicenter of the global economic fault line.” She believed that this role, in combination with over-leverage and the accelerating forces of globalization were likely to cause an unprecedented global economic fracture.
To amplify her efforts, the following year (in 2002) Toni launched the revolutionary annual EuroCatalyst conference series to share research, observations and ideas among the most respected peers in global housing finance. Today, the series continues as the AmeriCatalyst conference in Austin (Texas), which acts as a collaborative think tank to discuss current issues in housing finance and SFR in the context of globalization and generate innovative ideas across the housing finance and rental lifecycle. Renowned for its unparalleled content and powerhouse of participants, the event is considered the most influential and intellectually challenging conference experience in the industry.
Craig is President of the National Community Stabilization Trust, a nationwide nonprofit organization created in 2008 to spur the revitalization of neighborhoods in the wake of the foreclosure crisis. From 1997 to 2008, Craig was Vice President of Expanding Markets for Freddie Mac. In this capacity, he was responsible for supporting the affordable housing needs of mortgage lenders, building housing industry partnerships to strengthen underserved communities and increasing homeownership opportunity. He was also responsible for nationwide implementation of all single-family affordable housing lending initiatives at Freddie Mac. Prior to joining Freddie Mac, Craig worked for Secretary of HUD Henry Cisneros as Coordinator of the ÒNational Partners in Homeownership," a broad-based, public-private partnership involving 65 national organizations, designed to measurably increase homeownership opportunity in America.
Elizabeth A. O'Brien serves as Chief Executive Officer and President of Colony American Finance. Prior to joining, Ms. O'Brien was Executive Vice President at Auction.com, where she ran its residential capital markets division and set the financing strategy for the platform. In that capacity she managed over two billion dollars of single-family and multi-family loan sales and multiple financing partners. She also founded a proprietary private money lender geared at the investor market as President of AuctionFinance.com. Ms. O'Brien held prior positions at Citigroup Global Markets Inc. in Residential Mortgage-Backed Securities Trading and Securitization, Goldman Sachs & Co. as Chief Administrative Officer for the Whitehall Street Real Estate Funds and as an Associate at Latham & Watkins LLP. Combined, Ms. O'Brien has over 20 years' experience in the mortgage market as both a principal and an advisor. Ms. O'Brien was named a 2014 Woman of Influence in Housing by Housingwire magazine. Ms. O'Brien received her J.D. from Georgetown University Law Center and her B.A. from the University of Pennsylvania.
Ms. Porter has been our Senior Vice President, Operations since October 2012 after joining us in July 2012. She has been an executive in the Real Estate Industry since 1995, when, as a founding executive serving as Senior Vice President of Operations, she helped to create the first online marketplace for mortgage lending at Getsmart.com. In 2000, after Providian Bank's acquisition of Getsmart.com, she joined nCommand as Co-Founder, Chief Operating Officer and Chief Financial Officer, where she developed an end-to-end virtual loan process for residential lending. After the acquisition of nCommand by Ellie Mae in 2002 she served as Chief Financial Officer and Vice President of Operations at Accruent, a company whose products are used in managing over 1 billion square feet of commercial space for many Fortune 500 companies and large retailers. In addition, beginning in 2005, Ms. Porter served as Director of Operations for Hometown, where she developed the systems technology and processes to underwrite, fund, manage, securitize and sell more than $2 billion in assets. Ms. Porter has served on the MBA-sanctioned Governance Board of MISMO (Mortgage Industry Standards Maintenance Organization), attended Arizona State University, and completed the Oracle RDBMS Master’s program for Database Administrators.
Jade Rahmani is a research analyst at Keefe, Bruyette & Woods, an investment bank specializing in the financial services sector. He is the lead analyst covering the Commercial Mortgage REITs, Commercial Real Estate Brokers, U.S. Homebuilders, and Single-Family Rental REITs. Prior to joining KBW in 2007, Rahmani was an equity analyst at Prudential Financial covering industrial companies including aerospace and defense. He previously spent several years at UBS in product management and marketing roles. Rahmani holds a Master of Business Administration (MBA) from New York University's Leonard N. Stern School of Business and a Bachelor of Arts (BA) from the University of Michigan, Ann Arbor.
Sudha has over a decade of real estate and general finance experience, spanning the gamut from investment banking to principal-level real estate ownership and management. In his role as Chief Executive Officer of Haven Realty Capital, Sudha oversees all aspects of the Finance and Acquisitions platforms. Sudha began his career as an Equity Research Associate at CIBC World Markets where he covered the Internet and Defense sectors for the firm. After CIBC, Sudha became a Senior Analyst in the Private Wealth Management division of Goldman Sachs, working on a team that actively managed over $9 billion for high net worth families, foundations, and institutions. Following his time on Wall Street, Sudha returned to his native Los Angeles and assumed all day-to-day management responsibilities of a privately-held legacy multi-family portfolio located in the South Bay of Los Angeles. Shortly after assuming control, Sudha created a more formalized organizational structure by founding R3 Properties, a vertically integrated real estate investment and property management firm focused on high demand rental housing in Los Angeles and surrounding submarkets. R3's platform provided the initial foundation for the management infrastructure of what would eventually become Haven Realty Capital. Since Haven's inception, Sudha has overseen its growth into one of the largest operators of single family rental housing in the region with over $250 million in capital invested to date. Sudha holds an MBA from the Marshall School of Business at USC, a Masters in Real Estate Development (MRED) from the School of Policy, Planning and Development at USC and a BA in Psychology from Yale University.
Rick became CMO of Ten-X in January, 2016, after spending two years with Auction.com as an Executive Vice President. One of the country’s most frequently-quoted sources on real estate, mortgage and foreclosure trends, Rick has appeared on the CBS Evening News, NBC Nightly News, CNN, ABC World News, CNBC, FOX, Bloomberg and NPR; briefed government organizations such as the Federal Reserve and Senate Banking Committee; and corporations like JPMorgan Chase, Citibank and Deutsche Bank.
Prior to joining Auction.com, Rick was an Executive Vice President for Carrington Mortgage Holdings, which owns and operates multiple businesses in the mortgage, real estate and securities industries. Rick also spent eight years at RealtyTrac, where as senior vice president he was responsible for marketing, business development and data operations, and won the Stevie® Award for National Marketing Executive of the Year. Before RealtyTrac, Rick developed and executed sales and marketing programs for technology companies such as Fujitsu, JD Edwards, Toshiba, and Hitachi; start-ups like Tickets.com; and consumer brands including Pizza Hut, Acura and Cox Communications.
Rick is a member of the Corporate Board of Governors of the National Association of Hispanic Real Estate Professionals, and was included in Inman News’ Inman 100, an annual list of the most influential leaders in real estate in both 2013 and 2014.
Nate serves as a Senior Policy Advisor to the Assistant Secretary for Housing – Federal Housing Commissioner at the U.S. Department of Housing and Urban Development. In this capacity, he provides leadership on behalf of the Commissioner and other senior HUD officials in the development and implementation of a wide array of policies and initiatives associated with Federal Housing Administration (FHA) programs, including providing leadership for HUD’s Distressed Asset Stabilization Program. Nate began his tenure at HUD in FHA’s Office of Single Family Housing, where he worked in both the Office of Lender Activities and Program Compliance and the immediate Office of the Deputy Assistant Secretary for Single Family Housing. Prior to his appointment with HUD, Nate spent eight years working in various areas of economic and community development. Nate holds an undergraduate degree from Colorado Christian University and a Master of Public Administration degree from the University of Colorado.
Mr. Singelyn is the Chief Executive Officer of American Homes 4 Rent (NYSE: AMH). From 2003 through April 2013, Mr. Singelyn was Chairman and President of Public Storage Canada, a real estate company previously listed on the Toronto Stock Exchange, where he built a management team that restructured the operations of the company, including building an operations team and installing accounting and operating computer systems. In 2010, Mr. Singelyn facilitated the restructuring of the ownership entity that was traded on the Toronto stock exchange resulting in the company “going private.” In 2005, Mr. Singelyn, along with Mr. Hughes, founded ACE, and he now serves as a co-manager of ACE. Mr. Singelyn is also a director of the William Lawrence and Blanche Hughes Foundation, a non-profit organization dedicated to research of pediatric cancer. Mr. Singelyn served as the Treasurer for Public Storage (NYSE:PSA), from 1989 through 2003, where he was responsible for equity capital raising, debt issuances, corporate cash management and financial management for Public Storage and its subsidiary operations. During his tenure, and with his direct involvement, Public Storage raised funds through the public and institutional marketplaces, including from a number of state pensions.
Mr. Singelyn started his career at Arthur Young and Company (now a part of Ernst & Young LLP) and also served as Controller of Winchell’s Donut Houses where he was responsible for all accounting functions. Mr. Singelyn earned a B.S. in Accounting and a B.S. in Computer Information Systems from California Polytechnic University - Pomona.
Haendel St. Juste is a Senior Analyst on the Morgan Stanley REITS team, covering the Residential, Retailand Health Care subsectors. In the decade prior to joining Morgan Stanley, he worked as a REIT equity analyst at Keefe, Bruyette & Woods, Green Street Advisors, and Bear Stearns, where he concentrated on residential REITs. Before that, Haendel worked in the Real Estate investment banking department at UBS Warburg. Haendel has an MBA from NYU.
Ryan has been in the Structured Credit Group at Deutsche Bank for 14 years with management duties including overseeing all aspects of the residential and small balance commercial mortgage business including term securitizations, warehouse lending, M&A and advisory assignments, distressed whole loan purchases and derivative sales for the United States and Canada. He has particular expertise in the non-agency and sub/non-performing/REO sectors and has clients ranging from the US government to specialty finance companies, REITÕs, hedge funds, private equity firms and large banks. Prior to joining Deutsche Bank, Ryan worked for 2 years at PaineWebber in the Municipal Securities Group focusing on project finance backed debt transactions.
Steve Stelmach is a senior analyst and senior vice president in the financial services group at FBR Capital Markets & Co. With more than a decade of sell-side equity research experience, Mr. Stelmach has covered a broad array of companies and sectors throughout the financial services and housing industries. Currently, Mr. Stelmach concentrates his research efforts on homebuilders, mortgage & title insurance, and broker/dealers. Most recently, Mr. Stelmach has led FBR’s research efforts in the single-family rental sector. In previous roles at FBR, Mr. Stelmach has supported research coverage of the government-sponsored entities, mortgage banking companies, small- and large-cap thrifts, and community banks.
In 2013, Mr. Stelmach was recognized in The Wall Street Journal’s Best on the Street awards as the No. 2−ranked equity analyst overall in the U.S. and No. 1 analyst in the homebuilding and home furnishings sector. Mr. Stelmach has also had the honor of testifying before the United States House of Representatives regarding U.S. housing policy, as well as advising a number of government agencies on policies and regulations affecting both housing and capital markets.
Prior to joining FBR in August 2003, Mr. Stelmach worked on the U.S. bank research team at UBS Securities LLC helping to cover mid- and large-cap banks. Before UBS Securities, Mr. Stelmach was employed as a research analyst at Thomson Financial, providing third-party research to buy-side investors.
Mr. Stelmach received his B.S. in finance from the University of Maryland, College Park.
Mr. Tennyson is President of Clayton Holdings LLC and is responsible for the overall operating results of the company’s business lines. Mr. Tennyson joined Clayton in February 2015 as Chief Operating Officer.
Mr. Tennyson is the former Chief Executive Officer and Chief Operating Officer of B2R Finance, L.P. B2R (a Blackstone Group sponsored company) is a specialty finance start-up company dedicated to providing innovative mortgage financing for owner/operators of single family residential rental properties. Prior to B2R, he was the Chief Executive Officer of Strategic Lending Group and Managing Director of Strategic Growth Bank (“SGB”). Mr. Tennyson was responsible for the leadership and direction of the residential mortgage enterprise at SGB. Prior to joining SGB, Tennyson, was the Chief Executive Officer of Charlotte, NC based EquiFirst Corporation (a Barclays subsidiary) in addition to being a Managing Director of Barclays Capital. EquiFirst was a national non-agency mortgage lender and under Jeff’s leadership, EquiFirst grew from start-up to being a top 15 national lender with over 1,400 employees and originating over $12 billion annually in residential mortgage production.
Mr. Tennyson is a Certified Public Accountant and holds a business degree from Harding University and an MBA from Harvard Business School
Vishwanath Tirupattur is a Managing Director at Morgan Stanley responsible for securitized products research and strategy. He has been voted to the Institutional Investor’s AllAmerican Fixed Income Research Team for Structured Securities on multiple occasions. Prior to joining Morgan Stanley in September 2004, he had portfolio management / risk management responsibilities at The Chubb Corporation, American International Group (AIG) and The Lincoln National Corporation, managing interest rate, equity and credit derivatives. He has also been a postdoctoral associate at the University of Illinois and holds a master's degree from Virginia Tech and doctoral degree from the University of Illinois at UrbanaChampaign.
Colin Wiel is Co-Founder and Chief Investment Officer of Waypoint Homes, a pioneer in single-family rental, with over $1 billion of assets under management. Colin is responsible for strategy, acquisitions, technology, and overall leadership of the firm. Waypoint’s mission is to reinvent the single-family rental experience. Waypoint Homes recently announced a merger with a spinout from Starwood Capital Group, to be named Starwood Waypoint Residential Trust.
Colin has a unique 20-year career with a highly successful track record as engineer, entrepreneur, and investor. He has designed and developed notable software systems, founded several successful companies, and managed highly profitable investment entities focused on public companies, startups, and real estate.
As a Mechanical Engineer out of U.C. Berkeley, Colin worked in a prestigious research group at Boeing, where he invented a new anti-lock braking system for commercial aircraft (two US patents issued), which allows airplanes to stop in a five percent shorter stopping distance on icy runways. In the ‘90’s, Colin founded a software engineering firm, Milo.com, focused on ecommerce software, which he grew to 35 people before selling to a larger technology company. Milo.com co-architected Charles Schwab’s online trading website in 1999, which, at the time, was the largest ecommerce website (by dollar volume) in the world.
As CEO of Zelman & Associates, Ivy holds more than 20 years of experience covering housing and housing-related industries. Founded in October 2007, Zelman & Associates provides analyses across all aspects of the housing spectrum. Ivy’s concept for the firm remains strongly rooted in the ability to perform thematic research overlaid with proprietary surveys to produce unparalleled differentiated value added research. Ivy continues to be frequently quoted in The Wall Street Journal and appears occasionally as a guest on CNBC. For the past 18 years, Institutional Investor has recognized Ivy as one of the most preeminent figures within the housing industry. Ivy reinforced her dominant reputation in the industry by calling the bottom of the housing market in January 2012 and is the most constructive today than she has ever been in her 22 year career on Wall Street. Ivy received a Bachelor of Science from George Mason University and currently lives in Cleveland, Ohio, with her husband, David, and her three children, Zoey, Zachary and Zia.
