BREAKOUT SESSION: Securitization Trends

Li Chang, PhD

Chief Executive Officer, Recursion

In 2015, Li founded Recursion Co. in New York, a Fintech company integrating technology, finance, and big data. Li is frequently invited to speak on the panels of leading conferences., Prior to founding Recursion, Li was a senior trader managing ABS portfolio for hedge fund Altum Capital Management. Before joining Altum, she traded CMBS for Paulson and Co. Li gained her extensive cross-product understanding of both business and analytics/technology from her earlier experience through working at the proprietary trading desk at Bear Stearns, running the financial engineering team of the mortgage desk at Citadel, and conducting quantitative research at Morningstar. Li holds a PhD degree in Mathematics from the University of Illinois at Chicago, and a B.Arch. from Tsinghua University.

Meghan Bruen

Director, Residential Credit, Annaly Capital Management

Meghan Bruen is a Director focusing on securitized products within the Residential Credit Group at Annaly. Prior to joining Annaly in 2015, Mrs. Bruen worked on the mortgage analytics team at Bloomberg LP. Mrs. Bruen has over ten years of experience working with securitized products. Mrs. Bruen received a B.A. in Economics from Gettysburg College and also holds the Chartered Financial Analyst® designation.

Tom Davis

Chief Sales Officer, Deephaven Mortgage LLC

Tom Davis is Deephaven Mortgage's Chief Sales Officer. In this role, he manages Deephaven’s wholesale and correspondent sales teams and all marketing initiatives. As an extensively trained mortgage-industry professional, Tom brings 20+ years of experience helping lending partners with their Non-Agency/Non-QM and Agency needs. Prior to joining Deephaven, Tom served as Executive Vice President, Head of TPO Production, at First Guaranty Mortgage Corporation. Over the course of his career, he has worked at Bank of America, First NLC (FBR Capital Markets), JPMorgan Chase, and Finance of America Mortgage. He holds a Bachelor of Finance and Business Administration degree from Florida Atlantic University.

Barbara Pak

Vice President, Single-Family Securitization, Freddie Mac

Barbara Pak is the vice president of Freddie Mac’s Single-Family Securitization department. In this role, she oversees Freddie Mac’s Single-Family mortgage securitization efforts, including pass-though, REMIC and strip issuance. She is also responsible for developing and implementing new mortgage security products and capabilities that meet the needs of institutional investors, broker/dealers, lenders, servicers and third party vendors.

Niels Poulsen

Senior Director, Capital Markets, Fannie Mae Single Family

Niels has been in the financial services industry for two decades and spent the last 14 years of his career in Capital Markets at Fannie Mae. He leads the Single-Family Pricing and Sales Desk. This team of Capital Markets professionals is focused on Single-Family pricing/loan acquisition strategy, MBS trading, regulatory compliance, servicing acquisition, and other mortgage secondary activities.