RETHINKING
REFORM?
With both Fannie
and Freddie now
turning record profits,
has the general
mindset and timeline
shifted regarding
GSE reform?
With James B. Lockhart III
and Laurie Goodman
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James B. Lockhart III is vice chairman of WL Ross
& Co. LLC and a member of the firm's Office of the
Chairman as well as its Investment Committee. His
responsibilities include overseeing financial services
portfolio companies and sourcing new opportunities
in the financial services industry. Before he joined WL
Ross & Co. in September 2009, he served as director
of the Federal Housing Finance Agency (FHFA) and its predecessor agency,
the Office of Federal Housing Enterprise Oversight (OFHEO). He was at the
helm of FHFA when it was called upon to step in as conservator of the nation's
largest mortgage financiers, Fannie Mae and Freddie Mac, as the government
seized control of the two companies. He also served on the Financial Stability
Oversight Board, overseeing the Troubled Asset Relief Program.
Photo courtesy of Bloomberg News
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Laurie Goodman is senior managing director of
RMBS strategy at Amherst Securities Group, L.P., and
heads up the firm's strategy and business development
initiatives. Prior to joining Amherst in 2008, she was
managing director and head of global fixed income
research at UBS, where she also ran the securitized
products research group, the group responsible for more
#1 Institutional Investor fixed income rankings than any other in the history of
the fixed income polls. In 2009, she was inducted into the prestigious Fixed
Income Analysts Society's Hall of Fame. She is a member of the Bipartisan
Policy Center's Housing Commission and has published more than 200
articles and co-authored five books on the mortgage industry. She holds a
Ph.D. in economics from Stanford University.
