With just one week left until our housing forum in Washington, D.C., “Getting our House in Order: Solving the Lingering Issues of the Housing Recession,” we’ve lined up an impressive array of speakers. You can see more about them below. If you’d like to attend the event on Oct. 24, please RSVP here.
More information and ongoing news about the forum is available by following hashtag #HousingFuture on Twitter.
Rob Couch is a member of the Banking and Financial Services, Real Estate and Governmental Affairs practice groups at Bradley Arant. His focus is on lenders and investors involved in divesting, restructuring, and acquiring commercial and residential mortgage loans; affordable housing; regulatory matters involving HUD, Ginnie Mae, FHA and other government-sponsored enterprise matters; and governmental affairs. He also serves as a commissioner on the Housing Commission of the Bipartisan Policy Center, Washington, D.C.
Couch 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, he served as president of the Government National Mortgage Association (Ginnie Mae). He also served as a member of former President George W. Bush’s Task Force on the Status of Puerto Rico in 2008.
Couch 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, he is a former chairman and a member of the board of directors of the Mortgage Bankers Association of America. He has also served as president of the Mortgage Bankers Association of Alabama. Couch is a certified public accountant (inactive) and a certified mortgage banker (master certificate).
On Aug. 25, 2009 President Obama designated Edward J. DeMarco the acting director of the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks effective Sept. 1, 2009. Previously, DeMarco served as FHFA’s chief operating officer and senior deputy director for Housing Mission and Goals since FHFA’s inception in 2008. A career civil servant, DeMarco joined the Office of Federal Housing Enterprise Oversight (OFHEO), a predecessor agency to FHFA, in October 2006 as its Chief Operating Officer and Deputy Director. He came to OFHEO from the Social Security Administration (SSA) where, as assistant deputy commissioner for policy, he led SSA’s policy, research, and statistics functions. Before joining SSA in 2003, DeMarco was director of the Office of Financial Institutions policy at the Treasury Department where he oversaw analyses of public policy issues involving government-sponsored enterprises and other financial institutions. Prior to his 10-year tenure at the Treasury, he worked at the U.S. General Accounting Office for seven years. DeMarco received a Ph.D. in economics from the University of Maryland and a B.A. in economics from the University of Notre Dame.
Dwight A. Fettig is a Partner of Porterfield, Lowenthal & Fettig, LLC. Fettig returned to the firm in January of 2013 after leaving the firm in 2010 to serve as Staff Director for the U.S. Senate Committee on Banking, Housing and Urban Affairs under the leadership of Chairman Tim Johnson.
As Chairman Johnson’s top staff member on the Committee, Fettig helped Johnson organize, staff, and set the agenda for the Committee. During Fettig’s tenure, the Committee undertook comprehensive oversight of the implementation of the Dodd-Frank Act by the banking regulators. The Committee also passed bipartisan bills such as reauthorization of the Export-Import Bank, the National Flood Insurance Program (NFIP), the public transportation title of the Surface Transportation bill, legislation to further strengthen sanctions against Iran and Syria, as well as legislation to protect information provided to the Consumer Financial Protection Bureau (CFPB) and reduce the duplication of ATM fee disclosures. Fettig was also directly responsible for helping Chairman Johnson complete the confirmation process for more than 30 nominees that were sent to the Banking Committee in 2011 and 2012, including nominees at the Federal Reserve Board, Department of Treasury, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Securities and Exchange Commission (SEC), and Council of Economic Advisers (CEA).
Prior to joining the firm in July of 2009, Fettig served as Senior Policy and Legislative Advisor at Arnold & Porter LLP from April 2008 to June 2009. During his tenure, he developed and implemented legislative strategies for a number of clients, including Fortune 500 companies. Fettig played a key role in the firm’s legislative and public policy practice with a focus on financial services issues, providing his clients with a legislative response to the turmoil in the financial markets.
Before joining Arnold & Porter LLP, Fettig was Senior Director of Government and Industry Relations at Freddie Mac, where he was responsible for outreach and advocacy to Senate Democrats and advised senior management on a range of issues on Capitol Hill, including corporate governance, Government Sponsored Enterprise (GSE) regulatory restructuring, insurance issues, anti-predatory lending and affordable housing legislation.
Prior to joining Freddie Mac, Fettig served as Legislative Director for Senator Tim Johnson from 1997 to 2003 and from 1995 to 1996 when Mr. Johnson was in the House of Representatives. In this capacity Fettig advised Senator Johnson on many legislative issues, including financial services, housing, appropriations, taxes, healthcare and energy. Fettig first joined the staff of then-Congressman Johnson in 1988.
A native of Bismarck, North Dakota, Fettig graduated with a B.A. degree in Political Science from Minnesota State University Moorhead.
Carol J. Galante currently serves as the assistant secretary for Housing/Federal Housing Commissioner. Prior to her confirmation on Dec. 30, 2012, Galante served as the acting assistant secretary for Housing/FHA Commissioner, having first joined HUD in May 2009 as the deputy assistant secretary for multifamily housing programs.
As FHA Commissioner, Galante has direct responsibility for oversight and administration of the FHA’s trillion dollar insurance portfolio, which includes single-family and multifamily housing as well as insured health care facilities. She is also responsible for several of HUD’s rental assistance programs, including 1.2 million units of Project Based Rental Assistance, and over 400,000 apartments for elderly and the disabled under the Section 202 and 811 programs.
Under her leadership, the Office of Housing has developed a comprehensive risk management infrastructure through the Office of Risk Management and Regulatory Affairs and organized the formation of a new Office of Housing Counseling. Galante has also played an important role in key administration initiatives, including Choice Neighborhoods, the Rental Assistance Demonstration (RAD) and other inter-agency alignment efforts.
Galante is a licensed real estate broker (currently inactive) and holds a Master of City Planning from U.C. Berkeley, and a B.A. from Ohio Wesleyan.
Jason R. Gold is the director for PPI’s “Rebuilding Middle Class Wealth” project and senior fellow for financial markets. His areas of expertise include housing, banking, financial services and capital markets. He has been involved in banking and federal policy for more than 18 years. Gold started his career in the private sector working for institutions such as Saxon Capital and First Tennessee. In 2010 he advised the Congressional Oversight Panel in producing the November 2010 oversight report on the Troubled Asset Relief Program (TARP).
Gold is a panelist on the Zillow Home Price Expectations Survey. He is also an advisor for Georgetown University’s graduate real estate program, where he extends industry expertise to guide graduate candidates in the housing and financial services areas and overall direction of the program.
Gold is a frequent industry speaker and regular contributor to U.S. News and World Report magazine. He is often quoted in a number of national publications as an expert on housing policy including Forbes, Bloomberg News, Politico, The Wall Street Journal, The Washington Post, Las Vegas Sun, Huffington Post and MSNBC among others.
Gail Hillebrand serves as the associate director of the Consumer Education and Engagement Division of the Consumer Financial Protection Bureau. Within the Education and Engagement division are the Office of Financial Education, the Engagement Office, the Office of Service Member Affairs, the Office for the Financial Protection of Older Americans, the Office of Students, which includes the Student Loan Ombudsman, and the Office of Financial Empowerment.
Hillebrand previously served as the Financial Services campaign manager and a senior attorney at the West Coast Office of Consumers Union, nonprofit publisher of Consumer Reports magazine. Hillebrand clerked for the Honorable Robert Boochever of the Ninth Circuit of U.S. Court of Appeals and practiced law with the San Francisco office of McCutchen, Doyle, Brown, & Enersen. She holds a B.A. in economics from the University of California at San Diego, and a J.D. from the Boalt Hall School of Law, University of California at Berkeley.
Hillebrand was the 2004 recipient of the National Consumer Law Center’s Vern Countryman Award. She is a member of the American Law Institute and the American College of Financial Services Lawyers. She served as the founding chair and was a longtime board member of the California Reinvestment Coalition, a statewide coalition working to encourage financial institutions to serve low-income consumers and neighborhoods. She has formerly served on the Consumer Advisory Council to the Board of Governors of the Federal Reserve, the Council of the American Law Institute, and the boards of the National Community Reinvestment Coalition, the Oakland-based Public Interest Law Project, the San Francisco Women Lawyers Alliance, the California High Technology Crimes Advisory Committee, and as a public member of the California Board of Accountancy.
Dr. Stan Humphries, one of the organizers of the forum, is the Chief Economist of Zillow Inc., the leading real estate information marketplace. Humphries joined Zillow as one of its earliest employees in 2005 and created the Zestimate® home valuation and its first algorithm. Since that time, Stan has built out the industry-leading economics and analytics team at Zillow. Prior to joining Zillow, Stan spent five years at Expedia where he ran the advanced analytics team. Before Expedia, Stan served as a researcher and faculty member at the University of Virginia, and was previously a Presidential Management Fellow where he served at NASA, the Office of Science and Technology Policy in the Executive Office of the President, and the Technology Administration within the Department of Commerce. Stan has also served in the United States Peace Corps, where he taught high school physics and chemistry in the West African country of Benin.
He has a B.A. from Davidson College, a Master’s of Science in Foreign Service from Georgetown University, and a Ph.D. in Government from the University of Virginia.
Neil Irwin is a columnist at The Washington Post and the economics editor of Wonkblog, The Post’s site for policy news and analysis. He is the author of “The Alchemists: Three Central Bankers and a World on Fire,” a book about the efforts of the world’s central banks to combat the financial crisis and its aftermath. It is a finalist for the Financial Times-Goldman Sachs Business Book of the Year Award. Irwin covered economics and the Federal Reserve for The Post from 2007 to 2012, where he helped lead coverage of the financial crisis,recession and government response. He has been a reporter at The Post since 2000, and also covered topics including the Washington regional economy, economic development and Internet companies. He was a Knight-Bagehot Fellow in economic and business journalism at Columbia University, from which he has an MBA. Irwin’s undergraduate studies were at St. Mary’s College of Maryland.
Frank Keating is president and CEO of the American Bankers Association. The ABA is a 135-year-old association that represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees.
Keating became ABA’s president and CEO on Jan. 1, 2011, following seven years of service as the president and CEO of the American Council of Life Insurers, and after serving two terms as Oklahoma’s 25th governor.
He received his undergraduate degree from Georgetown University and a law degree from the University of Oklahoma. His 30-year career in law enforcement and public service included stints as an FBI agent; U.S. Attorney and state prosecutor; and Oklahoma House and Senate member.
He served former Presidents Ronald Reagan and George H.W. Bush in the Treasury, Justice and Housing departments. His service gave him responsibility for all federal criminal prosecutions in the nation and oversight over agencies such as the Secret Service, U.S. Customs, the Bureau of Alcohol, Tobacco and Firearms, U.S. Marshals, the Bureau of Prisons, and the Immigration and Naturalization Service and all 94 U.S. Attorneys. As assistant secretary of Treasury and general counsel and acting deputy secretary of HUD, Keating worked on banking issues that are demanding attention today — including housing finance, lending practices, securitization and Bank Secrecy Act issues.
Keating recently served on the Bipartisan Policy Center’s Debt Reduction Task Force, a group of former cabinet members, elected officials and key stakeholders of both parties that recommended a series of tough measures to address the nation’s fiscal challenges.
Erin Lantz is the director of mortgages at Zillow, the leading real estate and home-related marketplace. She leads Zillow’s efforts to empower consumers with information and tools to make smart decisions about financing homes. Lantz is a recognized leader in the mortgage industry and recently was named as one of HousingWire Magazine’s 2012 Women of Influence. She has held various roles in the mortgage industry throughout the decade. Most recently, Lantz was the senior vice president at Bank of America where she led the centralized sales purchase home loan business. Before entering the mortgage industry, she worked at the Boston Consulting Group. She has a B.A. from the University of Pennsylvania and an MBA from Harvard Business School.
Jim Millstein is the Chairman and Chief Executive Officer of Millstein & Co., a financial advisory firm with offices in Washington, D.C. and New York City.
Until March 2011, Millstein was the chief restructuring officer at the Department of the Treasury. In that role, he was responsible for oversight and management of the department’s largest investments in the financial sector and was the principal architect of AIG’s restructuring and recapitalization.
From July 2000 to March 2009, Millstein served as managing director and global co-head of Corporate Restructuring at Lazard. Selected engagements included representation of the United Auto Workers in connection with the restructuring of their contractual relationships with GM, Ford and Chrysler; representation of Charter Communications in connection with its pre-packaged plan of reorganization under Chapter 11; representation of the Republic of Argentina in connection with the exchange offer for its international bond indebtedness; representation of WorldCom in connection with its Chapter 11 reorganization; representation of United Pan-European Communications in connection with its pre-arranged plan of arrangement in the Netherlands and Delaware; and, representation of Marconi in connection with its scheme of arrangement in the United Kingdom.
Before joining Lazard, Millstein was partner and head of the corporate restructuring practice at Cleary, Gottlieb, Steen & Hamilton. Significant engagements included representation of Daewoo Corporation in connection with its financial restructuring in Korea; representation of the Disney Corporation in connection with the financial restructuring of EuroDisney in France; representation of Pan-American Airlines in connection with its Chapter 11 reorganization; and, representation of the Zell-Chilmark Fund in its acquisition of various troubled companies in and out of Chapter 11.
He received a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar. He holds an M.A. in political science from the University of California, Berkeley, and graduated summa cum laude. He also graduated summa cum laude with a B.A. in politics from Princeton University.
Congressman Randy Neugebauer represents the 19th Congressional District of Texas, which stretches across 29 counties and includes the cities of Abilene, Big Spring and Lubbock.
As one of the most conservative members of Congress, Neugebauer’s mission is to keep Washington accountable to hardworking American taxpayers by requiring commonsense spending and borrowing limits.
Randy serves on three committees in the House of Representatives, where he works on legislation that directly benefits his constituents. He is a senior member of the House Agriculture Committee and the House Science, Space, and Technology Committee. Additionally, he serves as the chairman of the House Financial Services Subcommittee on Housing and Insurance.
As Housing and Insurance Subcommittee chairman, he’s working to reform the housing market, cut regulatory burdens, and shift risk away from American taxpayers and back into the private sector.
Randy’s legislative initiatives include eliminating wasteful federal spending, improving crop insurance, and supporting diverse domestic energy sources. He continues to work on legislation that will empower the constituents of the 19th Congressional District.
Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC’s real estate correspondent as well as the author of the “Realty Check” blog on CNBC.com. She also contributes her real estate expertise to NBC’s “Today” and “NBC Nightly News with Brian Williams.” Prior to joining CNBC in 2002, Olick spent seven years as a correspondent for CBS News. She has a B.A in comparative literature with a minor in Soviet studies from Columbia College in New York and a master’s degree in journalism from Northwestern’s Medill School of Journalism.
Pam Patenaude is the director of housing policy at the Bipartisan Policy Center (BPC). She has more than 25 years of experience in housing, community economic development, real estate and public policy. Prior to her role at BPC, Patenaude served as the executive vice president and founding executive director of the J. Ronald Terwilliger Center for Workforce Housing at the Urban Land Institute. During her tenure at ULI, she focused on developing solutions to address the critical shortage of housing affordable to middle-income wage earners.
Patenaude was nominated by former President George W. Bush and confirmed by the United States Senate to serve as assistant secretary for Community Planning and Development at the United States Department of Housing and Urban Development. As assistant secretary she administered more than $8 billion in housing and community development funds to assist America’s communities.
Patenaude also served as HUD’s assistant deputy secretary for field policy and management where she was responsible for the management and oversight of HUDs 70 field offices located in 10 regions across the country. Previously, Patenaude served as the White House liaison for HUD.
Prior to her appointment at HUD, Patenaude served as state director and deputy chief of staff for United States Senator Bob Smith, overseeing strategic planning and operations. She also served as vice president of Manor Homes Builders, Inc., a national award-winning custom homebuilder. She began her career in housing with the New Hampshire Housing Finance Authority.
Patenaude received a bachelor of science degree from Saint Anselm College and earned a master of science degree in community economic development from Southern New Hampshire University. Patenaude is currently a member of the board of trustees of the National Housing Conference and the Fannie Mae Affordable Housing Advisory Council.
Alex J. Pollock is a resident fellow at the American Enterprise Institute (AEI), where he studies and writes about housing finance; government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; retirement finance; and banking and central banks. He also works on corporate governance and accounting standards issues.
Pollock has had a 35-year career in banking and was president and CEO of the Federal Home Loan Bank of Chicago for more than 12 years immediately before joining AEI. A prolific writer, he has written numerous articles on financial systems and is the author of the book “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2011). He has also created a one-page mortgage form to help borrowers understand their mortgage obligations.
The lead director of CME Group, Pollock is also a director of the Great Lakes Higher Education Corporation and the chairman of the board of the Great Books Foundation. He is a past president of the International Union for Housing Finance.
He has an M.P.A. in international relations from Princeton University, an M.A. in philosophy from the University of Chicago, and a B.A. from Williams College.
Spencer Rascoff is the Chief Executive Officer and a Director of Zillow Inc. (NASDAQ: Z). Rascoff joined the company as one of its founding employees in 2005 as Chief Financial Officer and Vice President of Marketing and served as its Chief Operating Officer from October 2008 through his promotion to CEO in September 2010, leading the company through its IPO in July 2011. In 1999, Rascoff co-founded Hotwire.com, a leading Internet travel company, which was sold to Expedia in 2003. Rascoff then became Vice President of Lodging for Expedia, where he ran Expedia’s largest and most profitable business line. Before his consumer Web career, Rascoff was a private equity investor at TPG Capital, and an investment banker at Goldman Sachs, Bear Stearns, and Allen & Company.
Rascoff is a recognized leader in the real estate industry and has received numerous awards including: Fortune’s 2012 40 Under 40 Hottest Young Stars in Business, Forbes’ America’s 20 Most Powerful CEOs 40 and Under in 2012 and 2013, Inman News’ 100 Most Influential Real Estate Leaders in 2012, Inman News’ 2011 Innovator of the Year Award, Puget Sound Business Journal’s 2011 40 Under 40 and Puget Sound Business Journal’s 2008 CFO of the Year finalist.
Rascoff graduated cum laude from Harvard University, and he serves on Harvard University’s Digital Community & Social Networking Advisory Group. Rascoff is a member of the Young Presidents’ Organization (YPO), and the Policy Advisory Board at the Harvard Joint Center for Housing Studies. Spencer is also on the Boards of Directors of TripAdvisor Inc., a publicly traded (NASDAQ: TRIP) travel services company; Julep, a privately held beauty brand; and Zulily Inc., a privately held consumer products company.
Bob Ryan is senior vice president of capital markets at Wells Fargo Home Mortgage. Prior to his position with Wells Fargo, he was a senior adviser to HUD secretary Shaun Donovan and prior to that, he served as first chief risk officer for the FHA. In that capacity, Ryan was responsible for establishing a new Office of Risk Management, which oversees FHA’s credit risk management functions, encompassing all of its insurance product lines, including single family, multifamily and healthcare. That office has expanded FHA’s capacity to assess financial and operational risk, perform more sophisticated data analysis, and respond quickly to changes in the market. Ryan has nearly 30 years of experience in all aspects of the mortgage market, with extensive experience with profit and loss accountability and a deep understanding of the mortgage origination and capital markets processes. Prior to HUD, he was at Freddie Mac, where he held several senior positions in capital markets, single-family pricing and credit, and the Office of the President.
Richard A. Smith is chairman, chief executive officer and president of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising with company-owned real estate brokerage operations doing business under its franchise systems as well as relocation and title services. Under his leadership, Realogy has been recognized in each of the past two years as one of the World’s Most Ethical Companies by Ethisphere Institute, an international ethics think-tank organization.
Smith oversees Realogy’s four complementary businesses:
- the Realogy Franchise Group, which consists of the Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, ERA® and Sotheby’s International Realty® real estate brands, which, combined, have approximately 13,500 franchised and company-owned offices and 241,700 brokers and agents worldwide;
- NRT LLC, the nation’s largest residential real estate brokerage company with approximately 710 offices and 41,500 sales associates in more than 35 of the nation’s largest metropolitan markets;
- Cartus, a global leader in corporate and government employee relocation that annually assists more than 158,000 employees in 150 countries for a client base including more than 64 percent of the Fortune 50 companies;
- and Title Resource Group (TRG), a prominent full-service title and settlement services company with approximately 335 offices licensed in 47 states and the District of Columbia.
Smith is a member of the Business Roundtable, an association of chief executive officers of leading U.S. companies with $7.3 trillion in annual revenues and more than 16 million employees, and previously served as chair of the Business Roundtable’s Housing Working Group. He currently serves as a commissioner on the Bipartisan Policy Center’s Housing Commission, which released its national housing policy recommendations in February 2013.
Nick Timiraos, Wall Street Journal
Nick Timiraos is a reporter for The Wall Street Journal, where he covers housing and mortgage markets and housing-finance policy. Previously, he covered the 2008 presidential election where he traveled with the Obama and Clinton campaigns. Timiraos joined the Journal in 2006 and is based in New York.
Mark Warner was elected to the U.S. Senate in November 2008, and serves on the Senate Banking, Budget, Commerce and Intelligence committees. After more than four years in the Senate, Senator Warner has established himself as a national leader in efforts to find bipartisan consensus to create balanced solutions to reduce the federal debt and deficit. He also has been a champion for military men and women, their families, and our military veterans. Senator Warner also is a leader in Congress in efforts to promote private-sector innovation and to help our nation’s small businesses and start-up companies succeed.
Senator Warner has been a leader in seeking bipartisan compromises to try and break through Congressional gridlock. He organized the Senate’s Gang of Six, which has worked since 2011 to find a bipartisan path towards responsible deficit and debt reduction, and he has reached across the aisle to co-sponsor numerous bills with Republican colleagues.
Senator Warner’s business experience has informed his work towards leaner, more efficient government. He was chosen by his colleagues on the Budget Committee to lead a bipartisan task force to eliminate unnecessary program overlap and wasteful duplication within the federal bureaucracy, and he has introduced bills to measure and eliminate waste in federal agencies.
As the senior senator from Virginia, a state with a proud history of military service and a large population of service members, their families, and veterans, Senator Warner has been a strong advocate for the men and women of our armed forces. He has intervened to improve older, dilapidated military housing in Hampton Roads and to combat the use of toxic drywall in military and civilian housing. His efforts also prompted the Veterans Administration to significantly improve its services to female military veterans.
Senator Warner has acted swiftly and decisively to resolve issues in the Commonwealth that demanded his immediate attention. After two Virginia Air National Guard pilots blew-the-whistle on chronic safety concerns with the new F-22 stealth fighter jet, Senator Warner intervened to protect the pilots from reprisals and prompted the Air Force to step-up its investigation into the cause of the F-22 safety issues. He also mobilized several of Virginia’s leading technology companies to correct mistakes and mismanagement discovered at the Army’s Arlington National Cemetery.
From 2002 to 2006, Senator Warner served as Governor of Virginia, where he worked in a bipartisan way to turn record budget deficits into a surplus. Governor Warner also focused on improving public education and expanding economic opportunity in every region of the state. He recruited 135,000 new jobs to Virginia during his four-year term. When Governor Warner left office in 2006, Virginia was consistently recognized as the nation’s “best-managed state,” the “best state for business” and the state offering the best educational opportunities to its young people.
Before entering public office, Senator Warner was an early investor in the cellular telephone business. He co-founded the company that became Nextel, and ultimately made early investments in hundreds of start-up technology companies that have created tens-of-thousands of private sector jobs.
Senator Warner, his wife Lisa Collis, and their three daughters live in Alexandria, Virginia.
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