NMP - November 2019 - 34

MBA's 2019 ANNUAL CONVENTION & EXPO
this does not mean moving slowly. Small adjustments to the footprint
can pay significant dividends in trimming the tails of risk. Matching
Fannie and Freddie's risk profiles to their capital levels is also part of
addressing overlaps between the enterprises and the Federal
Housing Administration."
U.S. Department of Housing & Urban Development (HUD)
Secretary Ben Carson also addressed MBA Convention attendees on
the subject of liquidity, with a focus on Ginnie Mae's role in the
process.
"Following the 2008 financial crisis, Ginnie Mae's outstanding
mortgage-backed security guaranty portfolio swelled nearly fourfold
to over $2 trillion," Carson said. "Then, as now, Ginnie Mae has been

able to fulfill its mission because of the full faith and credit guaranty
of the Federal Government. Ginnie Mae could-if authorized by
Congress-extend its explicit guaranty to mortgage-backed securities
backed by conventional single family and multifamily mortgages, as
the agency already has the experience of administering and
managing the growth of its own mortgage-backed security portfolio."
Carson added that his department had called on Congress to
"pass legislation granting the agency authority to administratively
adjust its guaranty fee within a narrow, permissible range. This
authority would allow Ginnie Mae to ensure these amounts are high
enough to meet its statutory obligations, under even the most
extreme circumstances."

Pfotenhauer Honored by MBA
With Woodward Distinguished Service Award

NOVEMBER 2019 n National Mortgage Professional Magazine n

NationalMortgageProfessional.com

34

The Mortgage Bankers Association (MBA) has
honored Kurt Pfotenhauer, vice chairman of First
American Title Insurance Company, with its Andrew D.
Woodward Distinguished Service Award, presented in
recognition of dedication and prominent service to
MBA and the mortgage lending industry in a variety of
capacities involving both legislative and regulatory
activities.
"Kurt is well-deserving of this award, as he has demonstrated
tireless dedication to the mortgage industry," said Brian Stoffers,
2020 MBA chairman, and global president, debt & structured finance
at CBRE. "Throughout his extensive career, Kurt has become a fierce
advocate for our industry, and I am honored to present him with this
year's Andrew D. Woodward Distinguished Service Award."
Pfotenhauer has more than 30 years of political and financial
services industry experience. Prior to joining First American, Kurt
served as chief executive officer of the Washington, D.C.-based
American Land Title Association (ALTA). Prior to joining ALTA,

Pfotenhauer served as senior vice president of Government Affairs at
MBA, where he was twice named one of Washington, D.C.'s top
lobbyists. He previously served as chief of staff for U.S. Sen. Gordon
Smith (R-OR) and U.S. Rep. Denny Smith (R-OR), and was vice
president of public affairs for the United Parcel Service.
Pfotenhauer currently serves on the MBA board of directors and
board of directors of the Opens Doors Foundation, and sits on the
Housing Policy Council's Executive Committee. He previously chaired
the Board of Directors of MERSCORP, and is past chair of MBA's
political action committee (MORPAC). He currently chairs the board
of directors of the Mortgage Industry Standards Maintenance
Organization (MISMO).
The Woodward Distinguished Service Award is the highest honor
an individual can receive from MBA members, and nominees for the
Award must meet the following criteria: Be associated with an MBA
member firm; compile a record of long, sustained and extraordinary
service to MBA and the mortgage industry; and have a strong
reputation for ethical and professional conduct.

MBA Opens Doors Foundation Recognizes
Charitable Contributions
MBA Opens Doors
Foundation has
announced its 2019
annual awards,
recognizing those who
have made lasting
contributions to
advance the
Foundation's mission of
providing mortgage and
rental assistance grants to parents and guardians caring for
critically ill or injured children.
The Opens Doors Foundation award winners for 2019 include:
Community Champion Award: Jonathan Corr,
president and CEO of Ellie Mae
The Community Champion Award, created in 2013,
recognizes an individual, group or company that has
dedicated significant time and effort to advance the
Foundation's mission. Jonathan Corr exemplifies
those traits and has led the Ellie Mae team in
supporting the MBA Opens Doors Foundation

personally and professionally through the Ellie Mae Classic Golf
Tournament, which first selected Opens Doors as the beneficiary of
the Classic's 2018 Monday Community Pro-Am. Ellie Mae and other
sponsors, such as the PGA Tour, joined together in 2019 to raise
more than $113,000 for Opens Doors.
Founder's Award: Karen Fratantoni, MD, Ph.D.,
pediatrician and medical director, Complex Care
Program, Children's National Medical System
The Founder's Award recognizes significant
contributions to the Foundation's mission of helping
vulnerable families with critically ill or injured children
remain in their homes while a child is in treatment.
The award recognizes one or more individuals whose
demonstrated action has occurred over a sustained period. Honorees
exemplify the core values, spirit and essence on which Opens Doors
was founded. Dr. Karen Fratantoni has served on the Opens Doors
board of directors since 2012 and has spearheaded the Foundation's
relationships with a network of hospitals, helping Opens Doors to
define a grant program that would lead to impact while not creating a
burden for applicant families and social workers during a period of
extreme stress.


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NMP - November 2019

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