Evan Firestone is a consultant in the ABS and MBS markets and works in a business development capacity with CoreLogic. Mr. Firestone founded Firestone Consulting in 2001 to provide analytical services to institutions involved in the mortgage- and asset-backed markets. Since that time, he has worked with over 70 companies including money managers, hedge funds, insurance companies, rating agencies, bond insurers, Investment Banks, mortgage originators, other consulting companies, technology providers and data providers.
Prior to founding Firestone Consulting, Mr. Firestone was a Managing Director at Merrill Lynch where he was responsible for quantitative analysis and the modeling of prepayments and defaults on a wide variety of asset types. Prior to his tenure at Merrill Lynch, Mr. Firestone managed the Mortgage Research departments at Credit Suisse First Boston and Greenwich Capital Markets.
Mr. Firestone has spent over 30 years analyzing the mortgage- and asset-backed markets and developing standards for the benefit of all of its participants. Mr. Firestone co-authored the seminal article which defined conditional prepayment rate (CPR) and applied it to the task of determining value in the secondary mortgage market. Mr. Firestone also developed PSA Standard Formulas and participated in Project RESTART from the American Securitization Forum.
Mr. Firestone is a past Chairman of the Mortgage Division of the Bond Market Association (now part of the Securities Industry and Financial Markets Association) as well as a Chairman of both the Mortgage Research and Mortgage Trading Practices Committees. In 1999, The Bond Market Association awarded Evan its Chairman's Achievement Award for distinguished service to the Fixed Income Markets.
Evan graduated from the University of Pennsylvania with a major in Economics and a minor in Computer Science.