LUNCH AND LISTEN: What’s New with Counterparty Risk

Senior Vice President, Residential Policy and Strategic Industry Engagement, Mortgage Bankers Association

Pete Mills is Senior Vice President of Residential Policy and Strategic Industry Engagement at the Mortgage Bankers Association (MBA). In this position, he leads MBA's residential policy team and state and local advocacy program, and directs MBA's residential member engagement efforts across the MBA value platform. Mills is an experienced financial services industry executive with more than 30 years of expertise in public affairs, government relations, public policy and research, all in the housing and mortgage finance arena. Prior to joining MBA, he served as Managing Director and co-founder of the Community Mortgage Banking Project, a public policy organization that represented the interests of companies and coalitions involved in the housing and mortgage finance industries.

Director, Strategic Industry Engagement, Mortgage Bankers Association

Sara serves as the director, loan administration for the Mortgage Bankers Association. She is a seasoned policy advisor and legal strategist with extensive experience developing and implementing strategy on a broad portfolio of legislative, regulatory and industry issues. Sara received her JD in Law from the University of New Mexico in 1995.

Director, Consulting Services, Richey May

With extensive experience in mortgage banking and mortgage servicing, Seth Sprague leads the Mortgage Banking Consulting Services practice at Richey May. A sought-after speaker, he often speaks on liquidity and the overall challenges in the mortgage industry. Sprague joined Richey May from the STRATMOR Group where he was a principal. Prior to joining STRATMOR, he was EVP of Trading and Analytics at Phoenix Capital. Sprague also served as SVP, Servicing Asset Manager at SunTrust Mortgage for more than 10 years, where he developed and led their servicing rights valuation team. His career also includes accounting, analytics and auditing roles at Bank of America, KPMG LLP, and United Financial Inc. Sprague holds the designation of Certified Mortgage Banker (CMB) from the MBA.

Director, Counterparty Risk Analysis Division, Office of Enterprise Risk, Ginnie Mae

Greg Young is the Director of the Counterparty Risk Analysis Division at Ginnie Mae. In this capacity, he leads counterparty risk analysis and develops counterparty policies. Prior to joining Ginnie Mae, Young was a Managing Director at Goldman Sachs with a focus on risk management. Over twenty-four years at Goldman, he served as Chief Risk Officer of the Goldman Sachs Bank, head of counterparty risk in Asia, and Global head of Hedge Fund counterparty risk. Prior to joining Goldman, Young was a commissioned officer in the United States Army. He holds a bachelor’s degree from the United States Military Academy at West Point and a Master of Business Administration from Northwestern’s Kellogg School of Management.