Former GSE Regulator Named Advisor to Securitization Group

Armando Falcon Jr., a consultant that formerly headed up the Federal Housing Finance Agency's predecessor during the Clinton administration, has joined the American Securitization Forum as a senior policy advisor. Several other high profile mortgage industry executives also were named as new members of the group's board during the group's annual meeting in New York. WL Ross & Co vice chairman James Lockhart III, who also once headed up the government-sponsored enterprise regulator, was named as a new board member; as was Chase Home Finance senior vice president Jerome "Garry" Cipponeri and industry attorney Larry Platt of K&L Gates LLP. William "Bill" Moliski, managing director at MBS investor and issuer Redwood Trust, the company responsible for the first recent origination jumbo deal in some time, has been named the group's treasurer. Andrew Davidson, president of mortgage-backed securities analytics provider Andrew Davidson & Co., also was named to the board as the first vendor executive in that post. In addition, Davidson was named co-chair of the group's newly-added data and analytics subforum along with Ned Myers, chief marketing officer of Lewtan Technologies.