Anup, who joined WAMCO earlier this year as Head of Non-Agency MBS and ABS, was appointed Chief Investment Officer and Head of Agency MBS in September upon the retirement of Stephen Fulton (AC2011 alum). Anup has 15 years of experience in securities analysis and investment management. From 2007-2013, he served as Portfolio Manager and Head of Consumer Credit for Stark Investments, a global alternative investment firm. In this role, he was responsible for developing and implementing the investment strategy for Agency and non-Agency mortgages, asset backed securities and commercial mortgage backed securities. From 2003-2007, he was Senior Manager, Head of Credit & Research at Invesco Fixed Income, one of the largest fixed income managers in the United States. Anup has an MBA in Finance from Temple University and a Bachelor of Technology degree from Indian Institute of Technology in Varanasi, India.
Sue Allon has expertise in issues and concerns related to mortgage loan securitizations. Her focus is on the istandardization of due diligence for loans being securitized, and on oversight of servicers and trustees in securitizations. These are the fundamentals that investors need to know are in place in order for them to invest in Americans' homes.
Robert B. Avery is the Project Director of the National Mortgage Database at the Federal Housing Finance Agency. He joined the FHFA after retiring as a Senior Economist from Board of Governors of the Federal Reserve System in the fall of 2012. Previously he had held positions as a Professor at Cornell University and as an Assistant Professor at Carnegie Mellon University. His work at the Federal Reserve focused on supervisory issues related to community affairs and bank supervision. He was one of the founders of the tri-annual Survey of Consumer Finances and designed the loan sampling systems used for the Federal Reserve’s examinations of small bank safety and soundness and for large syndicated loans. He heads a new inter-agency effort at the FHFA designed to create a comprehensive residential mortgage database to better serve supervisory and policy concerns.
Fanny, a "legend" in Nordic banking funding and debt capital markets who helped guide the development of Scandinavian covered bond markets, retired in August as head of group funding at Nordea, a position she had held since 1997. Prior to this, she was first vice president, international treasury, of Merita Bank of Finland, which merged with the Swedish Nordbanken in 1997 to become MeritaNordbanken. Merita Bank and Nordbanken, along with Unibank of Denmark and Christiania Bank og Kreditkasse of Norway began conducting operations under the Nordea name in December 2001. Nordea today is the largest financial services group in the Nordic and Baltic Sea region.
She is also chair of the Association of Swedish Covered Bond Issuers and was a member of the European Covered Bond Council steering committee.
Fanny, who has two children, is a graduate of the University of Uppsala, and worked as managing of international funding and assistant general manager, international treasury, of Union Bank of Finland, the forerunner to Merita Bank.
She made her EuroCatalyst debut in 2003 in Lisbon.
Bringing more than 20 years of mortgage and software industry experience to Docutech, Amy is responsible for leading all aspects of Docutech daily operations, including sales, customer support, marketing and product development. Amy most recently served as President of Originations and Corporate Technology at New Penn Financial. At New Penn Financial, she oversaw all origination channels, including direct-to-consumer products, third party originations and retail. Prior to New Penn Financial, Amy served as Chief Operations Officer of Prospect Mortgage, where she enhanced day-to-day operations and transformed the lender’s technology infrastructure.
In addition to her executive career, Amy is currently a Board Member of Sun to Water Technologies, and she is a Scholar Rescue Fund Advisory Board Member with the Institute of International Education. She is a former Board Member with Source Corp Inc. and a former Board Member and Capital Founder with Bluebeam Software Inc. Amy is also the former Chair of Your Music America and was a Federal Housing Policy Council Member with the Financial Services Roundtable. Amy holds a Juris Doctorate from Arizona State University College of Law and a Bachelor of Arts in Political Science from the University of Southern California.
John became Chief Financial Officer in 2012 having joined Ocwen as Executive Vice President of Finance and Business Development in 2011. He has over 20 years of mortgage and financial services experience. Prior to joining Ocwen, John was Chief Operating Officer for mortgage insurer RMIC. He held two positions at Freddie Mac as a Vice President running Field Sales and Pricing & Structured Transactions.Â John has also been a Vice President at Capital One running Thrift and Mortgage Operations. He has investment experience raising a venture capital fund and working with buy-out firms. After business school, John worked at McKinsey & Company in their financial services industry group. Prior to business school, he was an analyst for the Central Intelligence Agency. He holds a BA in Economics from the University of Maryland and a Master's of Business Administration from Dartmouthâ€™s Amos Tuck School.
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. Ms. Bazemore is a graduate of the University of Virginia and the Columbia University School of Law.
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.
Robert J. (Bob) Caruso is the Division President, Servicing, for ServiceLink, a Black Knight Financial Services company. In this role, Bob will lead the company's Sales, Strategy, Servicing Solutions and LoanCare divisions.
Previously, Bob was the Executive Managing Director, Transaction Services at Lender Processing Services (LPS). In this role, Bob was focused on enhancing LPS' origination and default relationships with the nation's top mortgage lenders and servicers. In addition, Bob addressed the strategic and tactical operational needs of LPS' appraisal, valuation, title, flood, field services and default service lines.
Bob also served as LPS' Executive Vice President and Managing Director of the Default Management Services division, where he focused on providing the highest quality technology solutions and service to support clients' needs for the evolving default industry.
In addition, Bob was LPS' Executive Vice President of Strategy and Business Development, where he focused on furthering relationships with leading financial institutions nationwide by addressing their strategic and tactical needs with LPS' integrated technology, services and data solutions.
Before joining LPS, Bob was the Servicing and Post-Closing Executive for the Consumer Real Estate and Insurance Services Group at Bank of America. In this role, Bob oversaw Bank of America's mortgage servicing, home equity and non-real estate portfolios. He was responsible for all servicing and post-closing operations, including development of short- and long-term servicing strategy, customer retention and relationship deepening.
At Bank of America, Bob also led Consumer Real Estate's Vendor Management, Business Continuity Planning, Quality Assurance, Compensation Administration, Executive Complaints, Collection Products and other business administration functions. Under Bob's leadership, Bank of America's mortgage and home equity servicing were recognized with top ratings by external agencies such as Moody's Investors Service, J.D. Power and Associates, Fitch Ratings, Freddie Mac and the Federal Housing Administration.
With more than 20 years of experience, Bob is one of the most recognized and respected servicing leaders in the industry. Prior to joining Bank of America in May 2004, he served as Executive Vice President of Servicing Operations at Wells Fargo Home Mortgage, where he was responsible for servicing and post-closing operations supporting Wells Fargo's mortgage servicing portfolio, as well as the company's sub-servicing operations.
Bob has also held senior management positions with Chase and C&S Bank. Bob is a graduate of Barry University in Miami, where he earned a bachelor's degree in Professional Studies. He formerly served as a member of both the Freddie Mac and Fannie Mae advisory boards and is past chairman of the Mortgage Bankers Association Loan Administration Steering Committee. In 2007, Bob earned Direct Servicing News' first annual Lifetime Achievement Award.
A specialist in leading strategic initiatives and achieving mission critical priorities, Ms. Charles currently serves as 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 oversees the operations of the FHA and advises 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.
Rob Couch is a member of the Banking and Financial Services, Real Estate and Governmental Affairs practice groups at the law firm Bradley Arant Boult Cummings. He also serves as a Commissioner on the Housing Commission of the Bipartisan Policy Center, Washington, DC.
Rob served as General Counsel of the U.S. Department of Housing and Urban Development (HUD) from 2006 to 2008. Prior to his position with HUD, Rob served as President of the Government National Mortgage Association (Ginnie Mae). He also served as a member of President George W. Bush's Task Force on the Status of Puerto Rico. Rob’s first tour of duty in government was as a law clerk to Hon. Lewis F. Powell, Jr., associate justice of the U. S. Supreme Court.
Rob has a wealth of private sector skills and experience. He currently serves as a director of Prospect Mortgage Co., Sherman Oaks, CA, and as a director of American Capital Agency Corp. and American Capital Mortgage Investment Corp., both of Bethesda, MD. Prior to his government service, he was President and Chief Executive Officer of New South Federal Savings Bank in Birmingham, AL. An active member of the mortgage banking industry, Rob is a former Chairman of the Mortgage Bankers Association of America. Rob is a Certified Public Accountant (inactive) and a Certified Mortgage Banker (master certificate).
Wanda DeLeo is the Deputy Director of the Office of Strategic Initiatives for the Federal Housing Finance Agency (FHFA). She assumed the position in May 2012, leading and overseeing all activities associated with the agency’s conservatorship strategic plan. The strategic plan outlines an expansive agenda of agency activities to shape the future of housing finance—maintaining a focus on loss mitigation and market liquidity issues—while contracting the footprints of Fannie Mae and Freddie Mac in the marketplace.
Wanda has held multiple positions at FHFA, including Deputy Director of the Division of Examination Programs and Support, Acting Deputy Director of the Division of Housing Mission and Goals and Chief Accountant. Before becoming Chief Accountant at FHFA in 2008, she was Examination Manager for Accounting and later Chief Accountant for the former Office of Federal Housing Enterprise Oversight (OFHEO), one of FHFA’s predecessor agencies.
Before joining OFHEO in 2002, Ms. DeLeo enjoyed a 20-year academic career that included teaching and conducting research in financial accounting, information systems, critical thinking, and problem solving at Winthrop University, Christian Brothers University, University of Houston – Downtown, Georgia State University, and Kennesaw State University.
She also has been Chief Accountant for America Pioneer Life Insurance Company and began her career as an Assistant National Bank Examiner with the Office of the Comptroller of the Currency.
Wanda is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. She holds a PhD in accounting from Georgia State University, a master’s degree in accounting from the University of Central Florida, and a bachelor’s degree in accounting from the University of Georgia.
Ed is the current President and CEO of the Five Star Institute, a leading mortgage banking association providing education and strategic services to the US mortgage market. He is the former Chief Operating Officer of Wingspan Portfolio Advisors, an award-winning, diversified mortgage servicing company.
Formerly SVP of Wells Fargo and executive at Freddie Mac, Ed has more than 20 years of experience in mortgage banking and is recognized as a thought leader and innovator throughout the industry. In his role as Five Star CEO, Ed has hosted discussions with global leaders including former President George W. Bush, New York Mayor Rudolph Giuliani, and U.S. Secretary of State Condoleezza Rice.
While SVP of government and industry relations at Wells Fargo, Ed played an integral role within the company's mortgage servicing group and served as a leader in the mortgage community, government agencies and industry trade groups in Washington, D.C. Ed was a key representative to the U.S. Department of the Treasury, and in conjunction with industry leaders, was supportive of the Obama and Bush administration's efforts to develop mortgage solutions designed to prevent home foreclosures in the U.S. He has also spoken before the Federal Reserve Bank and the President's Economic Recovery Advisory Board (PERAB) on matters related to housing.
Ed's experience includes serving as a member of the Housing Policy Council of the Financial Services Roundtable. He previously chaired several subcommittees for the HOPE NOW Alliance, a public and private sector partnership focused on assisting at-risk mortgage consumers. He was elected chairman of the Office of the Comptroller of the Currency Advisory Council, an independent working group supporting federally chartered banking institutions. Prior to joining Wells Fargo, Ed served as an executive at Freddie Mac in various leadership roles including loss mitigation, structured risk transactions, investor reporting, and portfolio analysis. He currently holds a seat on the National Advisory Council on consumer credit and is ex-officio of Legal League 100 and its committees.
Chris DiAngelo is managing partner of Katten’s New York office and co-head of the Structured Finance and Securitization practice. He focuses his practice on structured finance and securitization matters.
Chris represents a variety of clients, including issuers, lenders, underwriters and bond insurers, in a wide range of programs and projects involving asset-backed debt, municipal debt, straight corporate debt and equity, warehouse lines, regulatory matters and acquisitions.
Chris’s clients describe him as a “significant market player” and say “He has the ability to zero in on the legal and business issues, explain them and then find an appropriate solution,” according to Chambers USA. Throughout the last decade, he has developed a strong knowledge of housing and mortgage policy reform—including Fannie Mae and Freddie Mac reform—a topic on which he is a frequent speaker. Chris has also spoken on the impact of the Dodd-Frank Act on structured finance.
He is a lead counsel to the Structured Finance Industry Group and outside counsel to a Washington, DC lobbying firm concentrating in financial services matters. Chris has testified before the US House Committee on Financial Services on the issues confronting the commercial real estate market, and frequently appears and provides commentary at industry forums on financial and regulatory matters. He has been recognized in the media as a leader in the field of capital markets and securitization.
Prior to entering private practice, he was on the staff of the New York State Housing Finance Agency, a prominent municipal issuer.
Danielle DiMartino Booth makes bold predictions based on meticulous research and her years of experience in central banking and on Wall Street. Known for sounding an early warning about the housing bubble in the 2000s, Danielle offers a unique perspective to audiences seeking expertise in the financial markets, the economy, and the intersection of central banking and politics.
Called “The Dallas Fed’s Resident Soothsayer” by D Magazine, Danielle is a well-known speaker who can tailor her message to a myriad of audiences, once spending a week crossing the ocean to present to groups as diverse as the Portfolio Management Institute in Newport Beach, the Global Interdependence Center in London and the Four States Forestry Association in Texarkana. Her success is based on her ability to translate the arcane language of Wall Street thinkers and Fed insiders to the man on the street. Danielle is regularly featured on CNBC and Bloomberg.
From Wall Street to respected columnist to Fed Advisor, Danielle spent nine years as a Senior Financial Analyst with the Federal Reserve of Dallas and served as an Advisor on monetary policy to Dallas Federal Reserve President Richard W. Fisher until his retirement. Fisher called on Danielle to serve at the Fed after becoming a loyal reader of her financial column in the Dallas Morning News. She began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed income, public equity and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.
Sean Dobson is Chief Executive Officer and Chair¬man of the Board of Amherst Holdings, an invest¬ment 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 Gov¬erning Trustee for the Dana-Farber Cancer Institute in Boston. He lives with his wife and two children in Austin, Texas
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.
Named one of Bloomberg / BusinessWeek's 50 Most Powerful People in Real Estate and one of Inman News' 100 Most Influential Real Estate Leaders fo2013, 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.
Duncan received his Ph. D. in Agricultural Economics from Texas A&M University and his B.S. and M.S. in Agricultural Economics from North Dakota State University. September 2014
Mr. Fiorillo is a founding member of DoubleLine. He is the head of Global Sales. Prior to joining DoubleLine in 2009, Mr. Fiorillo was previously a Managing Director at TCW for the previous four years, where he oversaw ABS and CMBS trading. Mr. Fiorillo was an Executive Director with Morgan Stanley. Responsibilities at Morgan Stanley included developing mortgage origination providers into the Morgan Stanley Conduit and expanding the Firm's activity in both the Asset-Backed and Commercial Mortgage Backed securities markets. Prior to joining Morgan Stanley, Mr. Fiorillo was the Co-Head, Managing Director of the Mortgage-Backed Securities Group at Smith Barney. Before being recruited to Smith Barney, he was the head of marketing and sales of the Mortgage-Backed Securities Group at Merrill Lynch. He brings over thirty years of mortgage, asset-backed and commercial mortgage experience to our team. Mr. Fiorillo attended the City University of New York and Marist College.
Mark Fleming serves as the chief economist for First American Financial Corporation, a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. In his role, he leads an economics team responsible for analysis, commentary and forecasting trends in the real estate and mortgage markets.
Fleming's research interests primarily include real estate and urban economics, applied econometrics and mortgage risk. He has published research in the American Journal of Agricultural Economics and Geographic Information Sciences. His research has also been published in the book, "Advances in Spatial Econometrics," and is a U.S. patent author.
As a trusted and influential voice with 20 years of experience in the mortgage and property information business, Fleming is frequently quoted by national news outlets and industry trade publications such as The Wall Street Journal, The New York Times, and Housing Wire and he is a regular guest on high-profile broadcast news channels, including CBS, CNBC, Fox Business News and NPR.
Before joining First American, he developed insights and analytical products for CoreLogic, and property valuation models at Fannie Mae. Fleming graduated from the University of Maryland with a Master of Science and a doctorate in agricultural and resource economics and holds a Bachelor of Arts in economics from Swarthmore College. He lives and works in the Washington, D.C. area.
Bill joined Newbold Advisors in May 2014 as Managing Director and specializes in providing experienced- based strategic advice and managing projects that deliver tangible value to our Clients. In addition, Bill is the President and CEO of Glasgow Mortgage Advisors and maintains an exclusive business development relationship with one of the leading National property preservation companies.
Previously, Bill served as Executive Vice President for OneWest Bank and directed the Mortgage Servicing Operations in Austin Texas, Kalamazoo, Michigan and Pasadena, California.
Mr. Glasgow has spent his career directing mortgage operations for Lomas & Nettleton, Citi, BancBoston Mortage, Homeside Lending, Washington Mutual, Goldman Sachs, Bear Stearns and OneWest Bank.
He has served as the Chairman of the Loan Administration Committee for the National MBA, Chair person for the LPS User Group and been a member of several steering committees for the GSE’s.
Bill also served with Accenture consulting as their mortgage advisor covering assignments in the U.S., Canada, India and Europe.
Mr. Glasgow holds a BA in business and marketing from Wharton Business School, an MBA in finance from University of Dallas. He also holds a designation of Certified Mortgage Banker from the national Mortgage Bankers Association.
Laurie Goodman is the director of the Housing Finance Policy Center at the Urban Institute. The center is dedicated to providing policymakers with data-driven analyses of housing finance policy issues that they can depend on for relevance, accuracy, and independence. Before joining Urban in 2013, Goodman spent 30 years as an analyst and research department manager at a number of Wall Street firms. From 2008 to 2013, she was a senior managing director at Amherst Securities Group, LP, a boutique broker/dealer specializing in securitized products, where her strategy effort became known for its analysis of housing policy issues. From 1993 to 2008, Goodman was head of global fixed income research and manager of US securitized products research at UBS and predecessor firms, which were ranked first by Institutional Investor for 11 straight years. Before that, she was a senior fixed income analyst, a mortgage portfolio manager, and a senior economist at the Federal Reserve Bank of New York. Goodman was inducted into the Fixed Income Analysts Hall of Fame in 2009.
Laurie currently serves on the board of directors of MFA Financial, a Real Estate Investment Trust, is an advisor to Amherst Capital Management (ACaM), and is a member of the Bipartisan Policy Center’s Housing Commission, the Federal Reserve Bank of New York’s Financial Advisory Roundtable, and the New York State Mortgage Relief Incentive Fund Advisory Committee. She has published more than 200 journal articles and has co-authored and co-edited five books.
Goodman has a BA in mathematics from the University of Pennsylvania and an MA and PhD in economics from Stanford University.
Ben is senior vice president of Real Estate & Financial Services for CoreLogic. He is responsible for leading the Capital Markets, Mortgage Analytics, and Realtor solutions businesses. All three businesses are market leaders in their respective industries. Ben also leads the economics team which analyzes real estate and housing finance topics and presents written research to the press and academic communities.
Under Ben’s leadership, CoreLogic has introduced many innovative products and solutions, including the Partner InfoNet MLS revenue sharing initiative, Vector continuous blind testing, Vector Securities, ValueMap and ListSource. Also under Ben’s leadership, CoreLogic established itself as the dominant automated valuation model (AVM) provider in the U.S. and Australia. Ben assists in guiding the company’s mergers, acquisitions and expansions into new markets. Ben led the acquisition of TaraSoft in 2011. Recently, he was named one of Inman’s 100 Most Influential Real Estate Leaders. He has been with the company since joining First American Real Estate Solutions in 2003.
Before joining CoreLogic, Ben managed a portfolio of mortgage and analytics technology products as vice president of Interthinx (a Verisk company), and served as chief information officer prior to that for Move, Inc., a leader in online real estate and operator of the Move Network of real estate websites for consumers and real estate professionals. Ben also previously worked for the New York Times, where he created the newspaper’s first online article delivery and advertising website, www.nytimes.com, and for IBM, where he developed and launched its first-ever website, www.ibm.com.
Ben holds bachelor of arts degrees in Physics and French from the University of California, Berkeley.
Chris is a Partner and the Head of Capital Markets at Fenway Summer. He also serves as Head of Capital Markets for Ethos Lending, Fenway Summer’s mortgage venture.
Chris joined Fenway Summer from the U.S. Consumer Financial Protection Bureau (CFPB), where he served on the Mortgage Markets team as the CFPB’s senior expert in residential mortgage servicing and securitization. Chris managed many of the CFPB’s efforts in developing and executing mortgage policy and led Mortgage Markets’ efforts in developing the CFPB’s mortgage servicing rules.
Prior to joining the CFPB, Chris was the Director of Asset Management and Servicer Monitoring at Ginnie Mae, where he was responsible for surveillance of 220+ servicers for GNMA’s portfolio of 7.1 million loans. In addition, Chris oversaw servicing and asset management of Ginnie Mae’s $25+ billion defaulted issuer portfolio.
Before joining Ginnie Mae, Chris was a Senior Director at Capital One where he managed Capital One’s $13+ billion held-for-investment whole loan mortgage portfolio. Prior to that, he has held senior positions in structured finance, servicing and capital markets at BlackRock Financial Management, GE Capital Mortgage, Fannie Mae and the National Consumer Cooperative Bank. He has over 20 years of experience in the mortgage industry and holds a B.S. from Georgetown University and a M.B.A. from the University of Michigan.
As Founder, CEO and President of Wingspan Portfolio Advisors, Steven Horne brings a wealth of mortgage servicing experience to clients. Under his leadership, Wingspan has partnered with many of the top 5 financial institutions in the U.S., and the company was recently named #23 on the Inc. 500 list of fastest-growing private companies. Horne is a career-long expert in creating and executing strategies to mitigate losses in real estate portfolios of all types. Previously, he was director of servicing risk strategy with Fannie Mae where he restructured the National Servicing Organization and redesigned servicer performance reporting and legal services management. Prior to Fannie, he was with Sherman Financial Group and Resurgent Capital Services. Horne holds a JD from George Washington University and bachelor degrees in English and Economics from Emory University.
Dave, who has more than 25 years of experience in capital markets, mortgage banking production and management experience, was instrumental in the development of borrower-level prepayment scoring system, PreTell. PreTell represented a major step for the mortgage industry in addressing the financial impact of prepayment risk at the borrower level and has become the industry standard for loan-level prepayment scoring. Prior to LoanPerformance/CoreLogic, Dave was a senior executive at OptiFI, a Fair Isaac venture, directly responsible for sales, marketing, production, and strategic initiatives. Prior to OptiFI, he was the SVP of corporate business development for Pedestal, an Internet mortgage and securities trading platform. He has also held senior positions at some of the nationâ€™s largest mortgage banking firms, including GE Capital Mortgage and North American Mortgage Co.
Andrew Jennings is FICO's chief analytics officer and head of FICO Labs. He has held a number of leadership positions at FICO since joining the company in 1994, including a stint as director of FICO's European operations. Before joining FICO, Andrew served as head of unsecured credit risk for Abbey National plc, where he introduced account behavior scoring and mortgage scoring. He also served as a lecturer in economics and econometrics at the University of Nottingham. He holds a bachelor's degree and Ph.D. in economics, and an MSc in agricultural economics from the University of Wales.
Eric Kaplan joined Shellpoint in September 2011 as head of Mortgage Finance, with a primary focus on building and managing Shellpoint’s securitization program. Eric came to Shellpoint from Morgan Stanley, where he had spent the previous 8-1/2 years developing its distressed mortgage business and covering a variety of residential mortgage whole loan, structured and advisory transactions. Eric began his career in 1993 practicing structured finance law and moved to securitization and whole loan banking in 1998, working as issuer and underwriter across a wide range of proprietary and agented deals. Mr. Kaplan holds an A.B. in Politics from Princeton University, and a J.D. from Boston University School of Law. Active within the Structured Finance Industry Group (SFIG), Eric is Chairperson of Project RMBS 3.0, Co-Chairperson of the Residential Mortgage Representation, Warranty and Repurchase Enforcement Subcommittee, an active participant in other committees including GSE Reform, and an alternate Board member.
Bill joined Carrington Holding Company as its Chief Investment Oﬃcer and Head of Asset and Risk Management in May 2012. He is responsible for Carrington’s two investment-focused business units, Carrington Capital Management, LLC, an alternative asset management arm focused on control-based investing in the US real estate, mortgage and fixed-income markets, and Carrington Investment Services, LLC, a registered broker-dealer with the U.S. Securities and Exchange Commission and member of the Financial Industry Regulatory Authority. Bill has 20 years of experience in securitized products, and a broad range of trading knowledge including mortgages, asset-backed securities, collateralized-debt obligations and commercial mortgage backed securities. Immediately prior to joining Carrington, he was head of Securitized Products at Citadel LLC, and prior to that was co-head of Global Securitized Products at JP Morgan, where he previously held other
executive positions, including head of US Securitized Products, head of Mortgage Trading and head of pass-through trading. Bill also served on the mortgage trading desks at both Donaldson Lufkin & Jenrette and Merrill Lynch. Bill holds a bachelor degree in Finance from Syracuse University and an MBA from New York University.
Kyle is the President of IndustryVault, and has experience managing diverse cross-functional teams at data and analytics firms such as Black Knight, Andrew Davidson & Co, and LoanPerformance. He co-founded the analytics firm VaRisk, and has worked with C-level executives at many Fortune 500 public companies. Kyle combines a Ph.D. in finance with a strong track record managing both the top- and bottom-lines in data & analytics businesses. He speaks frequently at industry conferences such as ASF, the Housing Policy Council, and MBA Annual, and on news shows such as CNBC and Fox Business.
David has garnered a national reputation as a business leader, visionary and entrepreneur. He is quoted frequently in the business section of leading national newspapers and has his own national weekly radio program called Lykken On Lending. As co-founder and Managing Partner of KLS Consulting doing business as Mortgage Banking Solutions, David Lykken has over 37 years of management experience as an owner/operator with in depth expertise in real estate finance and housing. His knowledge and skills comprise a unique blend of technology and business strategy. Dave is married, has two daughters and currently resides in the beautiful Hill Country of Central Texas near Austin, Texas. David received a Bachelor's degree in 1973 year from Pacific Lutheran University in Tacoma, Washington.
Mr. Macintosh is a Managing Director at FirstKey. Mr. Macintosh has run Capital Markets for Thornburg Mortgage and has also worked as an investment banker with Credit Suisse First Boston in New York and London. He graduated from Middlebury College in 1999.
Patrick McEnerney is a Managing Director of Deutsche Bank’s Non Core Operations Unit with responsibility for legacy RMBS and related mortgage risk in the US and UK. Pat joined Deutsche Bank in 2007 and has held multiple roles in the firm as part of DB Americas Regional Management team and within Global Markets.
Over his 30 year banking career, Pat has held multiple senior management roles in the mortgage banking and banking industries including as President of The Bank of New York Mortgage Company, Executive Vice President of EverBank and Chief Credit Officer of Participants Trust Company (currently part of DTC).
Pat has also been active in numerous industry boards and not-for-profit organizations. He is an Executive Committee member of the Financial Services Roundtable’s Housing Policy Council. He also serves on the Advisory Board for Neighborhood Housing Services of New York City and as an Advisory Board Member of The Institute for Affordable Housing Policy at New York University’s Furman Center.
Allen Mendelowitz is currently a strategic advisor to Deloitte Consulting. Previously he was the co-founder and co-leader of the Committee to Establish the National Institute of Finance. In that capacity he developed and executed the committee’s legislative and communications strategies that resulted in the creation of the Office of Financial Research in the Dodd-Frank legislation. Previously he served as Chairman and Member of the Board of Directors of the Federal Housing Finance Board. Before joining the Finance Board he served as Executive Director of the U.S. Trade Deficit Review Commission, a congressionally appointed bipartisan panel; Executive Vice President of the Export-Import Bank of the United States; and as the Managing Director for International Trade, Finance, and Economic Competitiveness at the U.S. GAO. In 1980 he was the senior economist and representative of the Comptroller General at the Chrysler Corporation Loan Guarantee Board where he played a key role in structuring the terms of the federally guaranteed loans that funded Chrysler’s turnaround. Dr. Mendelowitz was formerly an Economic Policy Fellow at the Brookings Institution and on the faculty of Rutgers University, where he taught courses in international trade and finance and urban and regional economics. His articles have appeared in the Journal of Business, the National Tax Journal, the Journal of Policy Analysis and Management, the Financial Times, Risk Professional, the American Banker, and other publications. His education includes economics degrees from Columbia University (A.B.) and Northwestern University (Ph.D.).
Managing Director and Head of Financial Services/Real Estate Research Paul Miller is well known in the investment community for providing in-depth, fundamental analysis and investment recommendations on money center, regional, and community banks, as well as on mortgage finance companies. Mr. Miller’s coverage includes Wells Fargo & Co., JPMorgan Chase & Co., Bank of America, and U.S. Bancorp.
In 2010, Mr. Miller was named the top overall stock analyst among 2,700 analysts by Forbes.com. He also received the Forbes.com Blue Chip Analyst Award as the leading analyst covering banks & thrifts in 2008, 2009, and 2010; he received the same award for coverage of finance companies in 2009. Mr. Miller was recognized by the Financial Times/StarMine in 2008 and 2009 as the leading earnings estimator in thrifts & mortgage finance. He was also named The Wall Street Journal’s “Best on the Street” in 2006 and 2007 for coverage of thrifts. In 2008, Bloomberg Markets ranked Mr. Miller No. 1 for Bearish Best Calls from among more than 3,000 analysts worldwide.
Mr. Miller is a former bank examiner for the Federal Reserve Bank of Philadelphia, where he worked for five years. As a bank examiner, Mr. Miller conducted financial analysis for more than 30 community banking institutions in the Philadelphia and Harrisburg market areas. Mr. Miller earned his B.S. in economics, his B.A. in international relations, and his M.S. in economics from the University of Delaware. He received the chartered financial analyst designation in 1997.
Toni Moss is the founder 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.
Jim Parrott comes to the Urban Institute as a part-time senior fellow after serving for several years in the White House as a senior advisor with the National Economic Council (NEC). Prior to joining the NEC, Parrott was Counsel to the Secretary of the US Department of Housing and Urban Development (HUD), advising Secretary Shaun Donovan on housing finance issues. He has a BA from the University of North Carolina, an MA from the University of Washington and a JD from Columbia University School of Law. Parrott will work to ensure that the analytic work being done at the Institute both informs and is informed by the major policy discussions of the day, giving the Institute a seat at the table with leaders and stakeholders working to shape the future of the nation's housing policy.
Larry is a partner at K&L Gates LLP and concentrates his legal practice in representing purchasers and sellers of mortgage companies and mortgage-related assets, counseling clients on federal and state consumer credit laws, defending clients in government enforcement actions, and representing clients in governmental public policy matters. From 2007 to 2013, Chambers USA, an independent and research-based guide to the legal profession, ranked K&L Gates as having one of the leading financial services practices in the country. Most recently, the group earned a national, “Band 1” ranking for “Financial Services Regulation: Consumer Finance (Compliance & Litigation).” Larry is consistently ranked by Chambers USA and in 2013, Larry was listed under Financial Services Regulation: Consumer Finance (Compliance) (Star Individuals) and Financial Services Regulation: Consumer Finance (Litigation) (Band 1). Larry was listed in the 2012, 2013 and 2014 Best Lawyers in America guides in the area of banking and finance law.
Joshua is a Partner at independent research consultancy Graham Fisher & Co. and advises regulators, policymakers and institutional investors on housing and mortgage finance issues. Previously he was the Managing Director of financial services research for Medley Global Advisors and was an Executive Vice President at CIBC World Markets. Josh was among the first analysts to identify operational and accounting problems at the government-sponsored enterprises and one of the earliest in identifying the peak in the housing market, the likelihood of contagion in credit markets and the weaknesses in the credit rating agencies CDO assumptions.
Thomas, as Chief Analytics Officer, is responsible for the data, analytics and decisioning systems in use and under development at Digital Risk. He has over 35 years of related experience at a number of major firms and nationally known organizations. Thomas and his development team leverage the extensive Digital Risk database to create unique and powerful analytics with an extensive focus being placed upon applications that determined the most appropriate, loss mitigating treatment for distressed mortgage loans. Thomasâ€™ experience is complemented with a B.A. in psychology from Rutgers University, a M.A. in statistics and experimental psychology from the University of Virginia, and a M.B.A. from Stanford University.
Until recently, Scott was a managing director in the Newport Beach office, a senior member of PIMCO's portfolio management and strategy groups and head of the mortgage- and asset-backed securities teams. Prior to joining PIMCO in 2000, he was a Senior Managing Director and co-head of MBS pass-through trading at Bear Stearns. He also authored The Daily MBS Commentary there. Scott was named to positions on the Institutional Investor All-America Fixed-Income Research Team, seven times, including first place in MBS pass-throughs and overall MBS strategies. He has 30 years of investment experience and holds both master's and undergraduate degrees in industrial engineering from Stanford University.
Tim Skeet has worked in the City of London for over three decades and has specialised in the funding of financial institutions and mortgages. He is a frequent contributor to the media and a speaker at conferences and industry events. Over the past year Tim has published a number of articles on subjects such as trading and market liquidity, the impact of the bail-in regime as a solution for failing banks, hiring humanities graduates into the banking industry and the future of banking following the crisis.
Tim has spent over half his career working for Wall Street banks and played a role in trying to introduce covered bond finance to the United States. His current employment is as a Managing Director at RBS with responsibility for covered bonds and Northern Europe debt capital markets origination. He is also a board member of the International Capital Market Association, a global trade association that promotes the smooth running of the debt markets in Europe and elsewhere.
As chairman of the Investor Working Group on Bail-in, Tim works closely with investors and regulators in Europe examining the mechanisms for dealing with bank failures in future.
Yves is the creator of the "Naked Capitalism" blog and author of "ECONNED: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism." She has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Prior experience includes Goldman Sachs (in corporate finance), McKinsey & Co., and Sumitomo Bank (as head of mergers and acquisitions). Yves has written for publications in the United States and Australia, including The New York Times, The Christian Science Monitor, Slate, The Conference Board Review, Institutional Investor, The Daily Deal and the Australian Financial Review. She is a graduate of Harvard College and Harvard Business School.
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.
He is well-known throughout the industry and is often quoted in the media as a key housing influential; serving as an industry authority on major mortgage finance legislative and regulatory issues. 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 currently serves on the Hope Loan Port board of directors, the board of MBA Opens Doors Foundation, and as an advisory board member of the J. Ronald Terwilliger Foundation for Housing America’s Families.
Theodore W. Tozer was sworn in as President of Ginnie Mae on February 24, 2010, bringing with him more than 30 years of experience in the mortgage, banking, and securities industries. As President of Ginnie Mae, Mr. Tozer operates a multi-billion dollar corporation, administer the mortgage-backed securities program, and oversee enterprise-wide risk management initiatives including capital market activity.
Prior to his appointment as President, Mr. Tozer served as Senior Vice President of Capital Markets at the National City Mortgage Company (NCM) for over 20 years. There, his responsibilities included pipeline hedging, pricing, loan sales, loan delivery, and credit guideline exceptions. While at NCM, the company’s annual loan sales grew from $1 billion in 1989 to $106 billion in 2003. During his tenure, NCM never experienced a loss.
Previously, Mr. Tozer served as Vice President and Investment Operations Manager at the BancOhio National Bank from 1979 to 1986. In this capacity, he was responsible for all operational support functions of the bank's bond portfolio and securities dealer. From 1986 to 1989, he was Vice President and Chief Financial Officer of BancOhio Mortgage Company - which later became National City Mortgage - where he was in charge of overseeing loan delivery, pipeline hedging, pricing, corporate accounting, servicing investor reporting, and product development. In this role, Mr. Tozer was instrumental in transforming National City from an "originate and hold" lender to an "originate and sell" lender. In 1988, under his leadership, BancOhio Mortgage originated about $200 million in residential mortgages eligible for sale in the secondary market.
Mr. Tozer has also served as a charter member of Fannie Mae’s National Lender Advisory Board since 2008. Since 2002, Tozer has been a member of Freddie Mac’s National Lender Advisory Board. From 2002 to 2004, he was Chairman of the Capital Markets committee of the Mortgage Bankers Association of America (MBA). While Chairman, Mr. Tozer successfully worked with Ginnie Mae to change the structure of the Ginnie Mae II security. He also significantly influenced MBA’s decision to advocate for the Federal Home Loan Banks, as an effective alternative to Fannie Mae and Freddie Mac. Mr. Tozer also served as a member of the MBA’s Board of Governors from 2002 to 2004, as trustee of the Ohio Mortgage Bankers Association from 1999 to 2001, and as part of the Fannie Mae Midwest Secondary Advisory Group from 1994 to 1999.
Mr. Tozer received his Bachelor of Science Degree in Accounting and Finance from Indiana University. He became a Certified Public Accountant in 1980 and a Certified Management Accountant in 1984.
Yanis Varoufakis is a professor of Economic Theory and director of the Department of Political Economy within the Faculty of Economic Sciences at the University of Athen and a Visiting Professor at the Lyndon B. Johnson Graduate School of Public Affairs, University of Texas, in Austin. An active participant in ongoing debates on the global and European economic crisis, Yanis is also the author of many books in English and Greek, including "The Global Minotaur," and an Economist-In-Residence at Valve Corporation.
Matt is the Home Loans Sales Executive for Bank of America Home Loans, a mortgage company with a $1 trillion servicing portfolio of more than seven million home loans. He leads the sales operations for all consumer mortgage lending channels, including Retail, Centralized, and Banking Center Sales, as well as Neighborhood Lending. He oversees a team of more than 4,000 mortgage loan professionals offering products through more than 600 retail home loan locations, more than 5,600 banking centers and five call centers. Matt is responsible for developing, managing and coordinating multiple initiatives and programs that support overall business growth strategies. Among his responsibilities are strategic planning and reporting, business continuity planning, customer and associate delight initiatives and performance management. He most recently led the Retail Sales organization, which consists of a national network of mortgage sales originators who assist customers in achieving sustainable homeownership, through mortgage loans and refinancing. Matt also served as the Short Sale and Real Estate Owned (REO) Executive, responsible for all aspects of the REO and short sale business, developing and implementing new initiatives to manage and streamline the company's short sale and REO processes. He was responsible for a national operations team that manages the risks related to the business while providing foreclosure prevention solutions for distressed homeowners. Prior to this role, Matt led the bank's Consumer Real Estate retail sales channel, comprised of 150 sales offices and a team of 3,400 associates distributed across the Bank of America franchise, more than 2,000 of whom are mortgage loan officers. Earlier, Matt served as Consumer Sales Process and Management Executive in the Consumer Real Estate organization, primarily supporting the retail sales channel and leading the national internal support team for the business. Matt joined Bank of America as a Management Associate in 1994 in the Baltimore consumer bank where he worked as a Banking Center Manager and then advanced to subsequent broader leadership responsibilities in multiple markets culminating in his appointment as the Division Sales Executive for the Mid-Atlantic Consumer Bank responsible for Consumer Sales activities across 479 banking centers and 5,600 associates in 5 Mid-Atlantic states. He also played a national role in the development of the National Sales Playbook, Selling the Bank of America Way, and the Daily Coaching Huddle. Matt is a graduate of High Point University in North Carolina with a BA in Business Management and Administration. He resides in Calabasas, California with his wife and two sons.
Christopher is an investment banker and author who lives in New York City. Over the past three decades, he has worked for financial firms such as Bear, Stearns & Co., Prudential Securities, Tangent Capital Partners and Carrington. Most recently, he was Senior Managing Director and Head of Research at Kroll Bond Rating Agency, where he was responsible for financial institutions, corporate and sovereign ratings. He was a cofounder and principal of Institutional Risk Analytics from 2003 through 2013. Christopher is the author of the December 2010 book, "Inflated: How Money and Debt Built the American Dream," now in a second printing from John Wiley & Sons. He is co-author with Frederick Feldkamp of the 2014 book “Financial Stability: Fraud, Confidence & the Wealth of Nations” published by John Wiley & Sons. Christopher is a member of the advisory boards of Weiss Residential Research in Natick, MA. He previously served as a fellow of Networks Financial Institute at Indiana State University (2008-2014). Christopher is a member of the Finance Department Advisory Council at the Villanova School of Business and a member of the Economic Advisory Committee of the Financial Industry Regulatory Authority (FINRA). Christopher is a member of the National Association of Business Economists. He is a member of Professional Risk Managers International Association (www.prmia.org) and was regional director of PRMIA’s Washington DC chapter from 2006 through January 2010. Christopher contributes articles to Zero Hedge, American Banker, Housing Wire and The National Interest. Christopher has testified before Congress, the Securities and Exchange Commission and Federal Deposit Insurance Corporation on a range of financial, economic and political issues. He appears regularly in such media outlets as CNBC, Bloomberg, Fox News and Business News Network. He is active in social media under the Twitter handle “rcwhalen”. Christopher has a conversational command of Spanish. A partial listing of his speeches, articles and interviews is available online at www.rcwhalen.com.
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.
Mark A. Willis is a Resident Research Fellow at New York University’s Furman Center for Real Estate and Urban Policy. Prior to joining Furman, he enjoyed a year as a Visiting Scholar at the Ford Foundation, working on issues of community development and financial service reform. Previously, Mr. Willis spent 19 years in community-development banking at JPMorgan Chase overseeing its community development programs and products to help strengthen low- and moderate-income communities. He founded the Chase Community Development Corporation and became executive vice president and head of the Community Development Group with a staff of 250, outstandings in excess of $3 billion, and revenues of $30 million. Over those years, he had responsibility for the development and implementation of innovative lending and investment programs for affordable housing, community economic development, small businesses, and affordable home mortgages; community relations; and corporate oversight of Fair Lending and Community Reinvestment Act compliance. Mr. Willis also served as the President of the Chase Manhattan Foundation from 1998 to 1999.