The Home Mortgage Disclosure Act
Public Hearing, July 15, 2010
Vice President and General Counsel, American Airlines Federal Credit Union
Faith Anderson has been with the American Airlines Federal Credit Union since 1996, overseeing legal, compliance, anti-money laundering, government relations, and vendor management. Ms. Anderson is currently the Chair for the American Bar Association's Committee on Credit Unions. She also serves on the Credit Union National Association's Consumer Protection Subcommittee which monitors consumer protection laws and regulations. Ms. Anderson served a three-year term on the Federal Reserve Board's Consumer Advisory Council (CAC) ending in December 2007, where she also chaired the CAC's Depository and Delivery Systems Committee. She is a regular co-host of a monthly hour-long podcast, "Current Issues in Credit Unions," designed for credit union staff.
Prior to joining American Airlines Credit Union, Ms. Anderson was in private practice in Wisconsin. She was also a former Chapter 7 bankruptcy trustee for the Eastern District of Wisconsin in Milwaukee, Wisconsin, and previously served as a law clerk to the Honorable Charles N. Clevert, Chief United States Bankruptcy Judge for the Eastern District of Wisconsin. She received a B.A. from the University of Wisconsin in Madison, and a J.D. from Marquette University where she was also a member of the Marquette Law Review. She is licensed to practice law in Texas and Wisconsin.
Senior Vice President of Loan Administration, State Employees Credit Union
As Senior Vice President of Loan Administration for the State Employees' Credit Union in Raleigh, NC, Phil Greer is responsible for all lending functions at 232 branches serving 1.6 million members. He has been with the State Employees' Credit Union for thirty years.
Mr. Greer has served for nine years as a member of the Executive Committee--including two years as Chairman--of the Credit Union National Association (CUNA) Lending Council. From 2005 to the present, he has also served as a member of the CUNA Governmental Affairs Sub Committee for Consumer Protection. In addition, Mr. Greer has previously been a member of the Fannie Mae and Freddie Mac Credit Union Advisory Boards. He received his B.S. in business administration from the UNC-Chapel Hill, and he and his wife of 39 years have two adult daughters and three grandchildren.
Executive Director, Metropolitan St. Louis Equal Housing Opportunity Council
Will Jordan has been the Executive Director of the Metropolitan St. Louis Equal Housing Opportunity Council (EHOC) since 2002. EHOC works towards equal access to housing through education, counseling, investigation, and enforcement of fair housing laws. EHOC serves the eight-counties of the St. Louis metropolitan region in Missouri and Illinois. EHOC was recognized in 2003 by FOCUS Saint Louis with a "What's Right with the Region Award" and received the Governor's Human Rights Award from the State of Illinois in 2005. In 2008, EHOC was awarded HUD's Blue Ribbon Award for the best FHIP program in the nation.
Before working for EHOC, he served as program manager for the Emerson Park Development Corporation's YouthBuild Program in East St. Louis. He has also served as hearing officer for the Missouri Department of Elementary and Secondary Education, Regional Trainer for the Missouri Division of Youth Services, and Community Outreach Coordinator for the Urban League of Metropolitan St. Louis. Mr. Jordan is a member of Stand for Children's grassroots organizing initiative and in his spare time serves as a volunteer Chaplain for the City of Normandy, MO, the Northeast Fire and Ambulance Protection District, and the St. Louis County Jail.
Mr. Jordan received his B.S. in psychology from Southeast Missouri State University and his J.D. from Southern Illinois University School of Law in Carbondale.
WILLIAM A. ("BILL") LOVING, JR.
Certified Lender Business Banker (CLBB), Chief Executive Officer, Pendleton Community Bank
Bill Loving has over 36 years of community banking experience and joined Pendleton Community Bank, Franklin, West Virginia in October 2000 as Executive Vice President and CEO and was appointed President and CEO in May 2010. Loving holds the CLBB designation issued by the American Institute of Certified Bankers and completed American Institute of Banking's (AIB) original certificate program.
He has testified on banking issues before Congress and the SEC's Advisory Committee on Smaller Public Companies and has represented the Independent Community Bankers of America (ICBA) at various venues on regulatory priorities and issues. Mr. Loving presently serves as an instructor and on the board of trustees of the West Virginia School of Banking, is a board member of the West Virginia Bankers Association, and past chairman of the Community Bankers of West Virginia. He is the Chairman of the Regulation Review Committee, West Virginia State Director, and member of the Policy Development Committee of the Independent Community Bankers of America (ICBA). In addition, he is a member of the Board of Trustees of The Graduate School of Banking at Louisiana State University, and of the Pendleton County Economic and Community Development Authority. Mr. Loving is current and founding board member and past chairman of the Pendleton County Chamber of Commerce.
Mr. Loving is a graduate of The Graduate School of Banking at Louisiana State University, The Stonier Graduate School of Banking, and The Executive Banking Institute's Professional Master of Banking offered through The Graduate School of Banking at Louisiana State University.
As President and Chief Executive Officer, Arden Shank handles the overall management and operation of Neighborhood Housing Services of South Florida (NHSSF) in Miami-Dade and Broward counties. NHSSF, established in 1978, is a chartered member of the NeighborWorks® network. Mr. Shank joined NHSSF after 16 years at an Indiana-based neighborhood housing nonprofit. He has 25 years of management experience with community-based housing nonprofits. His experience ranges from new community development corporation start-ups and complete organizational restructuring to fundraising and capital project implementation.
Mr. Shank is a member of the first class of participants in the Advanced Practitioner Program jointly sponsored by NeighborWorks® America and the Kennedy School of Government at Harvard University. Mr. Shank serves as Board President of the South Florida Community Development Coalition, and as a board member of the Florida Housing Coalition, and the National NeighborWorks® Association.
Chief Executive Officer, S J Adams Consulting
Stella Adams is the founder and CEO of S J Adams Consulting which performs research and policy development in the areas of fair housing and fair lending. The firm also conducts civil rights and mortgage fraud investigations and fair lending audits. She is currently serving as the Acting Director of the National Fair Housing Training Academy which trains fair housing professionals nationwide to improve their skills in investigations and the strategic enforcement of fair housing laws in an effective and efficient manner.
Ms. Adams served on the Federal Reserve Board Consumer Advisory Council (January 2005 through December 2007), which advises the Board on the exercise of its responsibilities under the Consumer Credit Protection Act. She also served as the Chair of the Community Affairs and Housing and currently serves on the following Boards and Commissions: The National Community Reinvestment Coalition, The North Carolina Advisory Committee to the U.S. Civil Rights Commission, The North Carolina Legislative Commission on Racial, Ethnic and Religious Discrimination, the Community Reinvestment Association of North Carolina, and The North Carolina Conference of the NAACP.
Commissioner of Banks, Commonwealth of Massachusetts, Division of Banks
Steven Antonakes has served as the Commissioner of Banks since December 2003. He oversees 230 state-chartered banks and credit unions, the licensing and examination of over 800 non-bank financial entities; over 3,800 individuals engaged in mortgage lending and brokering; and the licensing and supervision of an additional 3,500 non-bank financial entities, including check cashers, small loan companies, finance companies, and debt collectors.
In May 2010, Mr. Antonakes was elected to serve as Vice Chairman of the Conference of State Bank Supervisors (CSBS) having recently completed terms as Secretary and Treasurer. Mr. Antonakes has also served as a founding member of the Board of Managers of the CSBS States Regulatory Registry LLC, which is charged with developing and implementing the Nationwide Mortgage Licensing System (NMLS) since September 2006. Mr. Antonakes previously held a two year term as the Chairman of the Federal Financial Institutions Examination Council's (FFIEC) State Liaison Committee and with the passage of the Financial Services Regulatory Relief Act of 2006 became the first state voting member of the FFIEC.
Mr. Antonakes graduated from Lynn Public Schools and received a B.A. from Penn State University, a Masters of Business Administration from Salem State College, and a Ph.D of Philosophy in Law, Policy, and Society from Northeastern University.
Executive Director, Housing Research and Advocacy Center
Jeffery Dillman has been the Executive Director of the Housing Research and Advocacy Center in Cleveland, Ohio, since July 2005. At the Housing Center, he has authored reports and articles on fair housing and fair lending issues and has spoken at a number of conferences and seminars on issues relating to racial and ethnic disparities in mortgage lending and the causes of the foreclosure crisis.
He has experience in civil rights and consumer litigation, and legal education. From 2002 to 2005 he was an Associate Professor of Law at Case Western Reserve University School of Law, where he taught and supervised law students in the civil litigation and immigration clinics. He also taught as a Visiting Assistant Professor at the University of Dayton School of Law and as an Adjunct Professor and Supervising Attorney at the University of Michigan School of Law. Mr. Dillman was a Staff Attorney at Housing Advocates, Inc., a fair housing organization in Cleveland, Ohio, and was in private practice for six years in Michigan, with a practice focusing on prison civil rights litigation. He has also served as the Associate Legal Counselor for the United Nations High Commissioner for Refugees office in Washington D.C. and was a visiting researcher at the Palestine Human Rights Information Center in Jerusalem.
Mr. Dillman received his B.A. in 1986 from the University of California, Los Angeles, and his J.D. in 1989 from Boalt Hall School of Law at the University of California, Berkeley.
A. JAMES ELLIOTT
Associate Dean and Professor of Law, Emory Law School
Professor James Elliott teaches Legal Professionalism, Banking, and Commercial Real Estate Finance. He practiced law in Atlanta with the firm of Alston & Bird for 28 years prior to coming to Emory and is a past President of the State Bar of Georgia. He has served on several Supreme Court commissions dealing with professionalism and lawyer discipline. Professor Elliott is also a co-founder of Georgia's legal services program and is a Fellow of the American College of Real Estate Lawyers, as well as the American and Georgia Bar Foundations.
He is a former Board Chairman of a community bank and Board Member of a mortgage wholesaler.
Research Director, Community Reinvestment Association of North Carolina
Adam Rust is the Research Director for the Community Reinvestment Association of North Carolina. In this position, he focuses on how finances impact underserved communities. He is the creator and author of Bank Talk, a blog that covers news about the unbanked. He participates in a collaborative of six national advocacy groups that have jointly co-authored a series of papers about the impact of mortgage lending on low-income households in seven American cities. Mr. Rust wrote a recent paper for the Federal Reserve Bank of San Francisco on the need to update public records of home mortgage and small business data. In 2007, Carolina Academic Press published his book "This is My Home: the Challenges of Opportunities of Manufactured Housing." Previously, Adam worked as a newspaper photojournalist at the Birmingham Post-Herald, the Chicago Tribune, and other papers.
He received a Master's degree in journalism from the University of Missouri, and a Master's degree in city and regional planning from the University of North Carolina-Chapel Hill. He lives in Durham, North Carolina with his wife and two children.
Professor of Financial Management, Real Estate, and Finance, The Wharton School, University of Pennsylvania
Dr. Susan Wachter is the Richard B. Worley Professor of Financial Management and Professor of Real Estate and Finance at The Wharton School and Professor of City and Regional Planning at Penn Design. She is Co-Director and Co-Founder of the Penn Institute for Urban Research, has served as President of the American Real Estate and Urban Economics Association, and is Co-Editor of Real Estate Economics. Dr. Wachter was appointed Assistant Secretary for Policy Development and Research at HUD and served from 1998 to 2001, where she was principal advisor to the Secretary responsible for national housing and urban policy. From 1996 to 1998 she was Chairperson of the Wharton Real Estate Department.
Dr. Wachter is the author of over 150 publications and is frequently called upon to testify before U.S. Congress on mortgage markets and the financial crisis.