The 2017 Five Star Government Forum brought together some some of the foremost thought leaders in the industry. These dynamic speakers are influencers among industry professionals and their peers. With decades of combined experience, they’ve played integral roles in providing quality leadership to the federal government and the mortgage industry.
Director, Consumer Financial Protection Bureau
Richard Cordray serves as the first director of the Consumer Financial Protection Bureau and previously led the Bureau’s Office of Enforcement. Prior to joining the Bureau, Mr. Cordray served as Ohio’s Attorney General. Mr. Cordray recovered more than $2 billion for Ohio’s retirees, investors, and business owners and took major steps to help protect its consumers from fraudulent foreclosures and financial predators. In 2010, his office responded to a record number of consumer complaints, but Mr. Cordray went further and opened that process for the first time to small businesses and nonprofit organizations to ensure protections for even more Ohioans. To recognize his work on behalf of consumers as Ohio Attorney General, the Better Business Bureau presented Mr. Cordray with an award for promoting an ethical marketplace.
James B. Lockhart III
Vice Chairman of WL Ross & Co. LLC
James Lockhart is responsible for the management and oversight of $6 billion of private equity investments, a Mortgage Recovery Fund, and Irish Mezzanine Real Estate Fund. Lockhart has served in the U.S. Government in a series of presidential-appointed, Senate-confirmed positions. He was previously the Director and Chairman of the Oversight Board of the Federal Housing Finance Agency. He was also the Director of the Office of Federal Housing Enterprise Oversight, as he was nominated by President George W. Bush in 2006.
David Lowman was named executive vice president for the Single-Family Business in May 2013. He is a member of the company’s senior operating committee and reports directly to CEO Don Layton. As head of Single-Family, Lowman has broad responsibility for the line of business, including managing the company’s relationships with its Seller/Servicers, the performance of Freddie Mac’s guarantee book of business, securitization of new business, and all sourcing, servicing and business operations.
As chief economist, Sean Becketti leads a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting Freddie Mac. Becketti joined Freddie Mac from Flagstar Bank, where he was senior vice president and head of modeling and analytics. His experience also includes senior executive roles with Washington Mutual and Wells Fargo in which he led research functions focused on mortgage markets and capital markets. Becketti holds master’s and Ph.D. degrees from Stanford University and a bachelor’s degree from University of California – Santa Cruz.
Laurie Maggiano helps to shape and implement Federal housing regulations that make mortgage markets safe and accessible for consumers. Prior Federal service includes four years as Director of Homeownership Policy at the U.S. Department of the Treasury where she was one of the architects of the Making Home Affordable Program, and nine years as manager of mortgage servicing at the U.S. Department of Housing and Urban Development. Before beginning her government career, Ms. Maggiano spent 20 years in the private sector as Director of REO at Freddie Mac and in senior management positions at two West Coast mortgage banks.
Murin is Chairman of the Board of Chrysalis Holdings JJAM Financial Services. He was formerly president of the Ginnie Mae, where his efforts ensured strong support for the housing market during the worst of the recent housing crisis. He served both the Bush Administration and the Obama Administration during his tenure as president of Ginnie Mae. He was most recently CEO at National Real Estate Information Services, a portfolio owned by funds managed by affiliates of Fortress Investment Group. He is also a co-founder and the former vice chairman of The Collingwood Group
Martin has more than 35 years of professional experience in the mortgage banking/Banking industry with a focus on servicing, loan management and operational management. He began his tenure with HUD in 2001 and has held a variety of positions within HUD starting out as a Housing Specialist in the National Servicing Center and currently as part of the Headquarters Office of Single Family Asset Management team.
Palim is responsible for overseeing the corporate macroeconomic and housing forecasting functions for Fannie Mae. In addition, he manages multi-disciplinary partnerships across the company to address specific business issues facing Fannie Mae. Prior to working at Fannie Mae, Dr. Palim worked as an economic consultant for PricewaterhouseCoopers and for LECG. Palim has a Ph.D. in economics from George Mason University and a B.A. in international studies from the Johns Hopkins University.
Prasant Sar directs Single Family Servicing Policy and Asset Management for the Federal Housing Finance Agency. In this role, he oversees loss mitigation policies developed and implemented by Fannie Mae and Freddie Mac. His team consists of servicing policy experts that are responsible for the evaluation of loss mitigation programs including loan modification products and liquidation tools such as short sales, deeds in lieu of foreclosure and REO asset disposition. In his capacity, Prasant provides guidance over the implementation of the Enterprise servicing strategies to the Senior Associate Director for Housing and Regulatory Policy. He is currently directing the FHFA’s Future of Loss Mitigation project and oversaw the recent introduction of the Flex Modification.
Walker is responsible for end-to-end customer delivery strategy and business performance of the company’s national lenders – including community-based and regional lenders, housing finance agencies, investment banks, and mortgage servicing rights. Before joining Fannie Mae in September 2016, Walker was an Executive Vice President with SunTrust Mortgage, where he led sales and loan-origination activities for their national consumer direct mortgage channel. He also has served as President – Consumer Direct Lending for The Federal Savings Bank/Chicago Bancorp; Managing Director and Executive Vice President – National Mortgage Sales at CitiMortgage; Senior Vice President – Correspondent Lending with Wells Fargo Home Mortgage; and Regional Sales Director for Freddie Mac.
Michael Bright is a director at the Milken Institute’s Center for Financial Markets, where he leads the housing program. In addition to housing finance, Bright works on issues related to international and domestic financial market regulation and policy. Prior to joining the Institute, Bright was an SVP at PennyMac. Bright also worked in the office of U.S. Sen. Bob Corker, a Tennessee Republican, for four years where he advised on a range of Senate Banking Committee issues, including monetary policy, Dodd-Frank Act implementation, global market liquidity, U.S.-Chinese economic relations and housing finance. He was the principal author of S.1217, the “Corker-Warner” GSE reform bill that passed the Banking Committee in 2014 and helps guide Federal Housing Finance Agency policy.
Kevin Cooke Jr. serves as the Director of Business Strategy & Solutions at Altisource, where he helps drive the organization’s goals by establishing new partnerships and customizing solutions for existing clients. Mr. Cooke has over twenty years of experience in the financial services industry. Previously he held operational, business development and strategy roles at LenderLive, Carrington Investment Services, AMS Servicing and Mortgage Outreach Services Group. He began his career as an NYSE floor trader at Banc of America Specialist Inc., a wholly-owned subsidiary of Bank of America.
Ed Delgado is President and CEO of the Five Star Institute, a leading mortgage banking association providing education and strategic services to the U.S. mortgage and secondary market. With senior executive positions at Wells Fargo and Freddie Mac, Delgado has more than 25 years of experience in mortgage banking and is recognized as a thought leader and innovator in the industry. Delgado has hosted discussions with global leaders including former U.S. Presidents Bill Clinton, George W. Bush, and U.S. Secretary of State Condoleezza Rice. While Delgado was at Wells Fargo, he was the primary liaison to the U.S. Department of the Treasury, and worked with the Obama and Bush administration’s efforts to develop mortgage solutions designed to prevent home foreclosures in the U.S.
Dr. Cristian deRitis is a senior director in the Credit Analytics group at Moody’s Analytics, where he develops probability of default, loss given default, and loss forecasting models for firms and industries; contributes to forecasts and analysis for CreditForecast.com; and writes periodic summaries of the consumer credit industry. His commentary on housing and mortgage markets, securitization, and financial regulatory reform often appears on the Dismal Scientist web site and in the Regional Financial Review. Dr. deRitis’ recent consulting work has included an evaluation of the efficacy and cost of the federal government’s Home Affordable Modification Plan, and he is frequently consulted on credit risk modeling and measurement as well as housing policy.
Joanne Gaskin is responsible for the strategic direction of FICO’s scoring products and business partnerships serving the needs of the mortgage industry. In her role, Gaskin works closely with the GSEs, FHFA, HUD and The U.S. Department of the Treasury on housing related initiatives. She leads the FICO Mortgage Recovery Initiative designed to provide a comprehensive solution to speed the process of loan remediation for homeowners, lenders and servicers. Gaskin has more than 20 years’ experience in banking and financial services. Prior to joining FICO in 2007, Ms. Gaskin was responsible for product management and business development for Wolters Kluwer Financial Services in the US mortgage market.
As a national expert on housing finance, mortgage, and foreclosure issues, Gordon drives NCST’s policy work, which focuses on federal, state and local policies related to neighborhood stabilization, blight and foreclosure prevention. She also oversees the Neighborhood Stabilization Initiative, a program that provides local community development organizations with a “first look” opportunity to acquire Fannie Mae and Freddie Mac REO properties in 18 different cities. Prior to joining NCST, Gordon served as the Senior Director of Housing and Consumer Finance at the Center for American Progress (CAP). Other positions include managing the single-family policy team at the Federal Housing Finance Agency, serving as senior policy counsel at the Center for Responsible Lending, and working in a variety of positions in the legal aid field.
Ed Kramer, a member of Treliant Risk Advisors’ Senior Advisory Board, has served the financial services industry for four decades. Kramer has also been the Independent Director of Mortgage Electronic Registration Systems, Inc. (MERS) since April 2011. From 2006 through 2015, he was EVP, Regulatory Affairs at Wolters Kluwer Financial Services. Prior to this position, he was Deputy Superintendent of Banks in charge of the Consumer Services Division of the New York State Banking Department, which is responsible for performing consumer compliance and fair lending examinations, administering the Community Reinvestment Act, and coordinating economic development. From 1996 to early 2000, Kramer served as a Public Member of the New York State Banking Board where as one of Governor George Pataki’s appointees, he played a major role in the board’s deliberations of some of the largest banking industry mergers.
As the Council’s Senior Vice President of Government Affairs, Leonard works to develop and advocate the Council’s position on key public policy issues including foreclosure prevention, mortgage lending and servicing legislation and regulation and GSE/secondary mortgage market reform. Prior to joining the Housing Policy Council, he served as Chief of Staff to Congressman Michael N. Castle (R-DE). He worked for Congressman Castle for 11 years, also serving as Legislative Director and managing housing and financial services issues before the House Financial Services Committee. Leonard spent twenty-two years on Capitol Hill from 1980 until 2003.
Alanna McCargo focuses her work on center management, development, and strategy, including the cultivation of innovative partnerships within Urban and with external stakeholders. McCargo has over 20 years of experience in housing finance, policy, and financial services. She has worked in the private, public, and nonprofit sectors on programs, policies, and research to improve access to housing and mortgage finance. Before joining Urban, McCargo was head of CoreLogic Government Solutions, working with federal and state government agencies, regulators, government-sponsored enterprises, think tanks, and universities to deliver custom data, analytics, and technology solutions to support housing and consumer policy research. Previously, McCargo held leadership roles with Chase and Fannie Mae, managing portfolios, policy efforts, and mortgage servicing transformation and alignment. From 2008 to 2011, she was an agent of the US Treasury Department on housing programs such as Making Home Affordable and Hardest Hit Funds, working with industry stakeholders on the recovery.
Frank Nothaft is SVP and Chief Economist at CoreLogic where he leads the company’s economics team as well as its research and insights strategy. Nothaft joined CoreLogic from Freddie Mac where he was chief economist and a prominent housing and mortgage market expert for more than 25 years. Nothaft earned his degree in mathematics and computer science from New York University and he holds a Ph.D. in economics from Columbia University.
Tim Rood is Partner of The Collingwood Group, which he co-founded in 2009. Rood brings more than two decades of mortgage industry and entrepreneurial experience to The Collingwood Group. He advises organizations to optimize the business opportunities and to mitigate and manage the risks in and around Washington, DC. Mr. Rood is a sought after and regular contributor to various national media outlets including CNBC, Bloomberg Television, FOX Business News, Washington Post, New York Times, and the Wall Street Journal.
Sharga joined Ten-X, in July of 2013 as Executive Vice President of the company’s Auction.com business unit. One of the country’s most frequently-quoted sources on real estate, mortgage and foreclosure trends, Sharga has appeared on CNBC, the CBS Evening News, NBC Nightly News, CNN, ABC World News, 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, he was an Executive Vice President for Carrington Mortgage Holdings.