The American Securitization Forum (ASF) appointed Armando Falcon as Senior Policy Advisor.
Falcon, the current chairman and CEO of Falcon Capital Advisors, served as Director of the Office of Federal Housing Enterprise Oversight (OFHEO) from 1999 to 2005.
His extensive experience in financial services regulation, accentuated by his role as General Counsel for the House Banking and Financial Services Committee, has won the support of his colleagues at the ASF.
“We are extraordinarily pleased to be working with Armando,” said Tom Deutsch, ASF executive director. “He brings a wealth of relevant experience to the Forum as we continue to work with policymakers to revive the securitization markets and restore credit flows to American businesses and consumers.”
Falcon will advise the ASF on reform of the U.S. housing market, government sponsored enterprises (GSE), and the regulation of securitization markets.
In 2009, Falcon was also selected by the Office of the Comptroller of the Currency (OCC) to serve on the Comptroller General’s Advisory Board.
The ASF also announced the election of its 2010 board of directors.
Ralph Daloisio, managing director at Natixis, will continue as chair through June 30, 2012.
Tricia Hazelwood, managing director at Credit Suisse, will serve as deputy chair, also a two-year term.
William Moliski and Cameron Cowen were also elected to the ASF board. Moliski, managing director at Redwood Trust, will serve as ASF treasurer, and Cowen, partner at Orrick, Herrington, and Sutcliffe, will serve as secretary.
Gregg Silver, president of 1st Financial Funding and Investment Corp., will carry on in his role as executive vice president.
The ASF is a broad-based professional forum through which participants in the U.S. securitization market advocate their common interests on legal, regulatory and market practice issues.