Phillip Millman Email & Phone Number

Potomac, Md, Us

Washington, District Of Columbia, United States

Chapter 343, a 500-employee bargaining unit and chapter of a 150,000-member union that represents employees in 35 federal departments and agencies. Interim Secretary, Chair of the Legislative Outreach Committee, and Member Negotiating Committee

Member of the Editoral Board of SFA's "Structure Finance Journal". An academic journal for structured fixed-income professionals, reaching almost 15,000 people.

Washington, District Of Columbia, United States

A federal regulatory agency was created as the successor to the Office of Federal Housing Enterprise Oversight (OFHEO). FHFA regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks.Selected by the Chief External Risk Officer to evaluate macroeconomic, market, counterparty, technology, and legislative risks to FHFA, Fannie Mae, Freddie Mac, and the FHLBs.– Provide in-depth analysis on a wide variety of topics including current market and macroeconomic trends and legislative and regulatory analysis. – Published numerous internal research papers on topics including Commercial Real Estate Funding and Servicing, Residential “Locked-in Effect,” Residential Mortgage-Backed Securities Pricing, Credit Risk Transfer, Legislative Analysis, Regulatory Analysis, and Technological Advances including AI and Blockchain in the Real Estate and Loan Purchasing Process.– Provide business oversight to FHFA’s efforts to manage Fannie Mae and Freddie Mac multifamily with hundreds of millions of dollars in distressed assets, providing input to legal counsel including a full economic analysis and tangible solutions to optimize the value of the assets.– Leverage deep legislative and regulatory relationships to closely monitor governmental developments affecting FHFA and its regulated entities and provide insights to agency leadership to proactively manage emerging or material issues.– Provide oversight of Fannie Mae and Freddie Mac’s Chief Risk Office and business officers, including ERM, Market Risk Management, and Credit Risk Management, to ensure the office is appropriately addressing and monitoring emerging risks.

Washington, District Of Columbia, United States

Selected by the Chairwoman of the House Financial Services Committee (HFSC) and Chair of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee (IPECM) as the Capital Markets Subject Matter Expert, for a year-long assignment to provide housing, housing finance, blockchain, macroeconomic, and capital markets expertise to members of the committee on a bipartisan basis. – Provided in-depth assessment of current market trends and regulatory analysis in the following areas: cryptocurrency, oil trading, Equity Index Funds, Commercial Mortgage-Backed Securities, Property Assessed Clean Energy loans, and Treasury Bond markets.– Created legislation and negotiated bipartisan agreements across most of the House Financial Services Committee on the Mortgage Borrower Protection Act of 2022 H.R. 2022 and provided technical assistance on ten other bills for the committee.– Prepared the Chair of IPECM for HFSC hearings on a wide variety of topics including affordable housing, capital markets, pay-for-order flow, FTX, and cryptocurrencies.– Developed and maintained bi-partisan relationships with HFSC members and staff to assist in moving legislation forward.

Washington Dc-Baltimore Area

Developed relationships and served as the point of contact for half the members of the HFSC on a bi-partisan basis, including the Chair of the IPECM. – Led and created the narrative, translating highly technical material while providing significant assistance on issues related to housing, housing finance, and capital markets matters to Members of Congress and their staff. – Provided technical assistance to IPECM, Chair Sherman with H.R. 4616 Adjustable Rate (LIBOR) Act of 2021. – Chosen by the Director of FHFA to lead a team to conduct an in-depth study of Credit Risk Transfer Securities.

Washington D.C. Metro Area

Developed the strategy to sue banks in default; led and managed all business subject matter for eighteen separate plaintiff-side lawsuits against sponsors of $220B residential mortgage-backed securities sold to Fannie Mae and Freddie Mac.– Advised FHFA attorneys on capital markets issues, information security, and risk management. – Negotiated and priced $27B+ of settlements and recovered, via financial analysis of loan, servicing, and bond portfolios using various industry techniques to price cash flows and mortgage servicing revenues based on collateral performance and market conditions; provided final valuation analysis for all cases.– Served as Chair of the qualified commercial real estate loan sub-committee, of Dodd-Frank. – Led FHFA negotiations and writer of the Risk Retention and Qualified Residential Mortgage section of the Dodd-Frank Wall Street Reform Act; leveraged deep relationships and created consensus among six government agencies on several major aspects required by law.– As the SME, was tapped to present at several capital market industry conferences.– Developed several innovative processes to improve and streamline document review and analysis.– Made business-side decisions and presented for final decision, to the Director, to proceed to either litigation or settlement; identified, reviewed, recommended, and directly managed 36+ security, contractors, data, economic, underwriting, appraisers, modelers, and legal experts and vendors.– Led the preparation of experts and trial prep on behalf of the FHFA; was so successful that it led to prevailing over Nomura Securities in litigation, including an appeal to the Supreme Court.– As a recognized SME on structured transactions and capital markets, led capital markets risk assessments and examinations of the Federal Home Loan Banks (FHLBs) of Boston, Chicago, Cincinnati, Topeka, and San Francisco– Wrote supervisory regulations of securities for Fannie Mae, Freddie Mac, and FHLBs.

Washington D.C. Metro Area

Tapped to regulate Fanie Mae’s non-agency mortgage-backed security portfolio, and as the financial crisis unfolded was asked to also take on Freddie Mac.– Prevented over $4.5B of losses by using sophisticated risk management techniques.– Twice named recipient of the agency’s Distinguished Service Award for contributions during financial crisis.– Led the safety and soundness examination of Fannie Mae and Freddie Mac’s non-agency mortgage-backed securities portfolios, which at one time were over $280B.– Created plans and directed government-sponsored entities to significantly improve risk management infrastructures related to non-agency commercial and residential mortgage-backed securities.– Advised FHFA senior executives on secondary market activities during the financial crisis.– Created and led a mid-level interagency workgroup to share information between financial regulators.

Arlington, Va

Provides online brokerage and related products and services primarily to individual retail investors in the US. Managed a $4.5B credit portfolio of asset-backed securities, residential and commercial mortgage-backed securities, and collateralized debt obligations, leading and mentoring five credit analysts.– Initiated and led the overhaul of E*Trade’s credit risk monitoring of the ABS portfolio by developing an automated system with forward-looking alerts to get in front of market trends.– Determined the asset selection and credit management of three collateralized debt obligations.– Reported risk trends and portfolio issues directly to the Board of Directors.

Washington Dc

A leading provider of mortgage financing in the U.S. finances mortgages from lenders to free up the money they need to make other mortgage loans, ensuring the ongoing availability of affordable mortgages.Hired to help the new product group price the mortgage in a secondary market. – Presented capital market trends of residential mortgages to senior management.– Created and maintained asset pricing workgroups between Capital Markets and Product Development.– Spearheaded and authored research on the impact of credit metrics on liquidity premiums.

Greater New York City Area

A multinational investment bank and financial services company. Member of Institutional Investor’s top-ranked mortgage strategy group responsible for asset-backed securities including non-agency mortgage-backed securities, collateralized debt obligations, and foreign mortgage-backed securities.– Initiated coverage on Australian and United Kingdom mortgage-backed securities.– Developed MBS research products to build and retain UBS Warburg’s institutional client base.– Led a ten-member development team to automate risk management of structured fixed-income products and developed an early warning system for deteriorating asset quality.

Greater New York City Area

A global audit and consulting firm. Led a twenty-member team that developed a fixed-income asset tracking database to assist in the creation of capital requirement regulations for a small government agency. – Oversaw and managed the creation of a relationship management department and standardized management risk reporting for a Fortune 100 insurance/financial planning company.

Greater New York City Area

A global provider of financial services to agencies, corporations, governments, private individuals, and institutions. Analyzed and structured Argentinean asset-backed securities and German and Italian residential mortgage-backed securities; responded to the needs of the clients and bankers.– Created and managed a 100GB data warehouse to study the effects of credit on asset performance.– Developed and maintained a database for risk management reporting for the fixed-income trading desk