CRE Finance Council has hired Michael Flood as vice president of policy and research.
At CRE Finance Council, Flood will oversee and promote the Council's policy and research efforts with the administration, policymakers, regulatory agencies, and market participants.
In addition to this, he will work with the CRE Finance Council policy committee and council task forces to monitor issues, formulate organizational positions as well as prepare policy papers on behalf of the membership.
Flood will also work on developing sound policy and working with financial regulators, market participants and other trade association partners, including the National Real Estate Organizations (NREO), to better serve the commercial real estate finance market. He will report to Brendan Reilly, senior vice president, government relations.
Most recently, Flood worked for the White House Office of Management and Budget (OMB) as a senior program examiner within the OMB's Financial Rescue Unit.
While at OMB, he worked on the Obama Administration's financial regulatory reform efforts. He also worked with Treasury staff and policy officials to review the Administration's Troubled Asset Relief Program (TARP) investments in the financial services and automotive sectors.
Before OMB, Flood was a director in Fannie Mae's commercial and single-family mortgage businesses where he focused on improving the contracting, servicing, trust compliance and development processes.
He has also worked for KPMG as a compliance auditor in its financial risk management unit, and for the House Energy & Commerce Committee, where he worked on the Gramm-Leach-Bliley Act (GLBA) for Chairman Tom Bliley (R-Va.).