Watt Announces New Special Advisors At FHFA

Posted by Patrick Barnard on January 10, 2014 No Comments
Categories : Residential Mortgage

Mel Watt, newly appointed director of the Federal Housing Finance Agency (FHFA), has appointed four special advisors to provide counsel on policy and strategic decisions at the agency, which serves as the conservator of government-sponsored enterprises Fannie Mae and Freddie Mac.

As per an FHFA press release, Megan Moore, who has worked at the U.S. Department of the Treasury since June 2009, will join the FHFA as special advisor, intergovernmental. Moore most recently served as deputy assistant secretary for housing, small business and TARP, in the Office of Legislative Affairs. She also worked in the U.S. House of Representatives from 2006 to 2009.

Bob Ryan, who most recently served as a senior vice president of capital markets at Wells Fargo Home Mortgage, will join the FHFA as special advisor, industry. Ryan served as a senior advisor to U.S. Department of Housing and Urban Development Secretary Shaun Donovan and served as the first chief risk officer at the Federal Housing Administration from 2009 to 2012. He also spent 26 years at Freddie Mac.

Eric Stein will serve initially as special advisor and acting chief of staff and later will become special advisor, consumer. He previously worked at Self-Help and the Center for Responsible Lending for 17 years, most recently as senior vice president. Stein also served at the Treasury Department as deputy assistant secretary for consumer protection from 2009 to 2010.

Mario Ugoletti, who has served as a special advisor to the acting director of the FHFA since 2009, has been appointed as special advisor, agency. Prior to joining the FHFA, Ugoletti spent 14 years at the Treasury Department and served as director of the office of financial institutions policy from 2004 to 2009.

Stein and Ugoletti have already started in their new roles – Moore and Ryan will start later this month.

‘I am very pleased that Megan, Bob, Eric and Mario have agreed to be part of the FHFA team and to provide solid advice and perspective on the important issues I will be facing as director of the agency,’ Watt says in a statement. ‘Along with the strong staff already in place, these advisors have diverse skills and experience in housing finance policy that will help me build a stronger foundation for our nation's housing finance system.’

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