An Epic Line-Up of Industry Leaders
Secretary, U.S. Department of Housing and Urban Development
On March 2nd, 2017, Dr. Benjamin S. Carson, Sr., M.D., was sworn in as the 17th Secretary of the U.S. Department of Housing and Urban Development. Read More
Acting President/EVP and COO / Office of the President
Maren Kasper was named Acting President, EVP and Chief Operations Officer of Ginnie Mae in January 2019. She is responsible for all operations for Ginnie Mae’s $2.0 trillion portfolio of mortgage-backed securities (MBS). Read More
Managing Director, Head of Fixed Income Strategy, Brean Capital, LLC
Mr. Buchta has over 30 years of experience developing investment strategies for financial institutions across the various fixed income sectors, with an emphasis on MBS, CMBS and other asset backed securities. Over the years he has worked with banks, credit unions, insurance companies, money-managers and hedge funds to develop comprehensive investment and hedging strategies specific to each investor class. In addition to providing market insight and cross-sector relative value trade ideas to institutional clients, Mr. Buchta also provides periodic commentary on macroeconomic themes, interest rates, mortgage prepayments and the housing markets.
Prior to joining Brean Capital, Mr. Buchta was a Senior Managing Director at Bear Stearns in the Financial Analytics and Structured Transactions department (F.A.S.T.) where he headed up the Mortgage Products Group and was a senior member of the Portfolio Strategies team. Mr. Buchta holds a Bachelor of Science in both Computer Science and Finance from Carroll University in Waukesha, Wisconsin.
Executive Vice President, Trader, Phoenix Capital
Mr. Fleming, Executive Vice President of Trading, joined the PHOENIX team in 2011 and leads the strategic business development, client management and industry relations teams. Stephen’s responsibilities span bulk and flow servicing rights transactions, MSR analytics including valuations/best execution engagements, servicing oversight/QC and loan level due diligence. Prior to joining PHOENIX, Stephen was a Senior Credit Trader at Fannie Mae in Washington DC, working on the both the bulk and flow Pricing Strategy teams. He began his career at JP Morgan Chase as an Assistant Vice President. Stephen is a frequent industry speaker, including various Mortgage Bankers Association and regional/state conferences. In addition to being a Georgetown University MBA honors graduate, Stephen holds a Finance and Accounting Certification from UPenn's Wharton School of Business and a B.A. degree in Mathematics and Economics from the College of the Holy Cross. Outside of the office, he and his wife love traveling, skiing and being with their young children!
Managing Director, MBA Strategist, BofA Merrill Lynch Global Research
Satish Mansukhani is a Managing Director of Securitization Research at Bank of America Merrill Lynch based in New York. He covers the U.S. residential mortgage sector now over $6 trillion of assets guaranteed by FannieMae, FreddieMac and GinnieMae and traded as pass-throughs, collateralized mortgage obligations and mortgage derivatives. His coverage scope emphasizes the analysis of market macro and micro structures. This entails coverage of monetary and regulatory policy, developing an understanding of the buy and sell triggers for the various holders of these assets spanning the U.S domestic banks, the Federal Reserve, overseas central and money center banks, U.S. money managers, insurance companies, hedge and private equity funds. Previous roles include lead strategist, publishing analyst, managed technical teams, product analyst and developer, structurer. He has ranked in the Institutional Investor All-America Fixed Income Research rankings for strategy, prepayments, structured products, non-Agency and adjustable rate mortgages. He has a bachelor's degree in engineering with high honors from the University of Bombay and an MBA from the University of Texas at Austin.
Managing Director, Ellington Management Group
Mr. Tecotzky is a Partner, Managing Director and Head Manager for all MBS/ABS credit, reporting directly to Mr. Vranos. Prior to joining Ellington, Mr. Tecotzky was the senior trader in the mortgage department at Credit Suisse where he was instrumental in building its mortgage conduit to one of the largest on Wall Street. He developed and launched several of its securitization vehicles, including hybrid ARMs and second liens, and subsequently ran its hybrid ARM business, which consisted of conduit pricing, servicing sales, monthly securitization, trading of agency/non-agency hybrids of all ratings categories and managing and hedging the residual portfolio.
Prior to joining Credit Suisse, Mr. Tecotzky worked with Mr. Vranos and many of the other Ellington principals at Kidder Peabody as a Managing Director where he traded agency/non-agency pass-throughs and structured CMOs.
Mr. Tecotzky holds a B.S. from Yale University, and received a National Science Foundation fellowship to study at MIT.
Managing Director, Credit Suisse
Peter Sack is a Managing Director at Credit Suisse. He heads the bank’s mortgage finance business. He is based in New York. Mr. Sack manages Credit Suisse’s market-leading mortgage securitization issuance, underwriting and advisory efforts, as well as one of the largest mortgage finance portfolios in the market. Mr. Sack’s business is active across the range of mortgage-related assets, including agency and non-agency loans, CRT and MI, and servicing rights and advances. Mr. Sack has been involved in Credit Suisse’s mortgage business since joining the bank in 2001.
Richard Christopher Whalen
Chairman, Whalen Global Advisors LLC
Richard Christopher Whalen is an investment banker and author who lives in New York City. He is Chairman of Whalen Global Advisors LLC and focuses on the financial services, mortgage finance and technology sectors. From 2014 through 2017, Christopher was Senior Managing Director and Head of Research at Kroll Bond Rating Agency, where he was responsible for ratings by the firm’s Financial Institutions and Corporate Ratings Groups. He was a co-founder and principal of Institutional Risk Analytics from 2003 through 2013. Over the past three decades, Chris worked as a writer and financial professional in Washington, New York and London. He has held positions in organizations such as the House Republican Conference Committee, the Federal Reserve Bank of New York, Bear, Stearns & Co., Prudential Securities, and Carrington Mortgage Holdings. Christopher holds a B.A. in History from Villanova University.
Director of Policy Research, Compass Point Research
As the Director of Policy Research for Compass Point Research & Trading, Mr. Boltansky coordinates the firm’s Washington policy analysis and follows financial services policy issues with a particular focus on mortgage finance, consumer lending, education services, capital formation, and tax policy. Mr. Boltansky joined Compass Point from the Troubled Asset Relief Program (TARP) Congressional Oversight Panel and previously worked as an analyst at EJF Capital, a multi-strategy hedge fund focused exclusively on the financial sector. Mr. Boltansky earned his B.A. in Political Science and History from Ohio Wesleyan University.
Vice President, Urban Institute
Laurie Goodman is a vice president at the Urban Institute and codirector of its Housing Finance Policy Center, which provides policymakers with data-driven analyses of housing finance policy issues that they can depend on for relevance, accuracy, and independence. Goodman spent 30 years as an analyst and research department manager on Wall Street. 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 held research and portfolio management positions at several Wall Street firms. She began her career as a senior economist at the Federal Reserve Bank of New York. Goodman was inducted into the Fixed Income Analysts Hall of Fame in 2009.
Goodman serves on the board of directors of MFA Financial and Arch Capital Group and is an adviser to Amherst Capital Management, a member of Morningstar Credit Ratings Regulatory Governance Board, and a member of the Federal Reserve Bank of New York’s Financial Advisory Roundtable. She has published more than 200 journal articles and has coauthored and coedited five books. Goodman has a BA in mathematics from the University of Pennsylvania and an AM and PhD in economics from Stanford University.
President, Housing Policy Council
Ed DeMarco is President of the Housing Policy Council. Prior to joining HPC in June 2017, DeMarco was a senior fellow in residence at the Milken Institute’s Center for Financial Markets.
From 2009 to 2014, DeMarco was acting director of the Federal Housing Finance Agency (FHFA), where he served as the conservator for Fannie Mae and Freddie Mac and regulator of those companies and the Federal Home Loan Banks. He was named HousingWire Magazine’s Person of the Year in 2012 for his impact on housing finance. DeMarco was chief operating officer and senior deputy director of the FHFA and its predecessor agency from 2006 to 2009.
DeMarco’s career in public service includes positions at the Social Security Administration, the Treasury Department, and GAO. He earned a B.A. in economics from the University of Notre Dame and a Ph.D. in economics from the University of Maryland.
Robert (Bob) Broeksmit
President and CEO, Mortgage Bankers Association (MBA).
Bob is a senior finance executive and corporate officer with a 33-year career in the mortgage sector. He has directed all aspects of lending activities, including marketing, sales, operations, secondary marketing, loan servicing, and default management. He has also served as a mortgage underwriting expert testifying on many large, high-profile cases.
Prior to joining MBA in 2018, Bob served as President and Chief Operating Officer with Treliant, heading the firm's mortgage litigation support practice and serving diverse financial services clientele including large banks, independent mortgage lenders, community banks, credit unions, and service providers to the mortgage industry. As a Washington-based financial services consultancy, Treliant's mortgage practice included strategic advisory for executive management and corporate boards; litigation defense, including file reviews, litigation strategy, expert reports, and expert testimony; CFPB examination preparation and implementation of mortgage regulations promulgated by the CFPB and other regulators; and operational aspects of mortgage banking, ranging from origination to servicing and loss mitigation.
Before Treliant, Bob held senior leadership positions in the mortgage business, including fourteen years with Chevy Chase Bank (including after its purchase by Capital One), where he was Executive Vice President and President of its B.F. Saul Mortgage Company subsidiary. Bob also was a Vice President at Prudential Home Mortgage for seven years. He has overseen annual originations of $9 billion, a balance sheet of $10 billion in residential mortgages, and a servicing portfolio of $20 billion. He also held positions at Great Western Mortgage, Krupp Residential Mortgage, and The Money Store.
Bob has served as the Chairman of the Mortgage Bankers Association's Residential Board of Governors and as a member of its Board of Directors. Firms under his leadership have garnered multiple awards for servicing operations excellence, including Freddie Mac's Tier One and Hall of Fame designations. He is a Certified Mortgage Banker (CMB) and a graduate of Yale University.