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Session 4: Three Views on the Future of Mortgage Finance
Few issues have dominated the economic headlines over recent months as has mortgage finance. In this session we will get the views of a former policy maker, regulator, and private-sector player in the marketplace.
Presentations
Speakers
John Silvia
Chief Economist
Wachovia Bank N.A.
Dr. John Silvia joined Wachovia in February 2002 as chief economist for the Bank. Previously, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Prior to that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. Before joining Kemper Funds, John worked for Harris Bank and taught economics at Indiana University.
John holds a B.A. and a Ph.D. degree in economics from Northeastern University in Boston and has a Master’s degree in economics from Brown University in Providence, RI.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He is a member of the Economic Advisory Committee at the American Bankers Association and is President of the Charlotte Economics Club. In the past, John has served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago, and the Public Securities Association.
In addition, John is Treasurer and a member of the Board of Directors for The Second Harvest Food Bank of Metrolina, a Charlotte civic association. He is also a member of the Business Advisory Committee for the City of Charlotte and he serves on the President’s Council for Charlotte’s Central Piedmont Community College.
Nancy Wentzler
Office of the Comptroller of the Currency
Nancy Wentzler is deputy comptroller for Global Banking and Financial Analysis in the Office of the Comptroller of the Currency (OCC).
Ms. Wenztler is in charge of the economic and financial analysis of potential risks to the banking system and the development of risk models to serve as early warning tools for such risks.
Prior to her work at the OCC, she served from 1991 through 1994 with the Office of Thrift Supervision in charge of the development of systems for early identification of problem thrifts and provided regular reports through press conferences on the thrift crisis.
From 1989 through 1990, she was economic advisor and subsequently inspector general with the Commodity Futures Trading Commission, and from 1980 through1989 she served as senior economist with the Office of Management and Budget. Ms. Wentzler held an adjunct professor position with Virginia Tech from 1989 through 2000.
She holds a doctorate in economics from the University of Wisconsin and bachelor's of science in economics and business from Penn State University.
Karen Weaver
Deutsche Bank
Karen Weaver is a Managing Director and the Global Head of Securitization Research, responsible for Deutsche Bank’s research on securitized fixed-income products (i.e. ABS, MBS, CDOs and CMBS). Regionally, Ms. Weaver also manages Deutsche Bank Research-Americas, which has 300 professionals covering economics, debt, and equity markets. Karen joined Deutsche Bank from Credit Suisse First Boston (CSFB) in 2000. Prior to joining CSFB, she was a portfolio manager active in the ABS and MBS markets. Karen is a graduate of Temple University, where she studied Statistics and Economics as an undergraduate, and Finance at the graduate level. She is also a Chartered Financial Analyst. Karen is a contributing author to numerous books on mortgage-backed and asset-backed securities, and has appeared on Bloomberg News, CNBC, and the ABC Evening News. Karen and her team have earned many industry accolades, including rankings in Institutional Investor, Global Investor, Euromoney and Credit Magazine.
Marc Sumerlin
The Lindsey Group
Marc Sumerlin is Managing Director and co-founder of The Lindsey Group. Previously, Mr. Sumerlin served as Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council for President George W. Bush. Prior to the White House, Mr. Sumerlin was Economic Policy Advisor at the Bush-Cheney 2000 campaign where he advised then-Governor Bush on economic matters. He has also worked as a Senior Analyst and Assistant Economist to the U.S. Senate Budget Committee, a Research Assistant to the Board of Governors of the Federal Reserve System, and an Accountant with KPMG Peat Marwick.
Mr. Sumerlin holds Master of Arts in Applied Economics from Johns Hopkins University and has a Master of Public Policy from Duke University, where he was a Senator Jacob Javits Fellow. He graduated Magna Cum Laude from Georgetown University with a Bachelor of Science in Business Administration. He is a member of Beta Gamma Sigma, the honor society for business school students, and is a term member at the Council on Foreign Relations. He is the author of numerous articles and the co-author of What a President Should Know…but Most Learn Too Late.
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