US Housing & Housing Finance Briefing & Networking Event
Registration is now closed for the event. Please email nazia.hussain@moodys.com with any questions.
Agenda
Registration
Opening Remarks
Laurie Goodman on what’s ahead for US housing after the boom
The founder of the Housing Finance Policy Center at the Urban Institute shares views on what happened to housing markets during the pandemic and what’s ahead informed by her unique experiences and deep research into a range of key topics such as affordability, demographics, and potential policy responses.
- Introduction by Darrell Wheeler, Vice President-Senior Credit Officer, CMBS, Moody's Investors Service
Single-Family and Multifamily Market Trends and Expectations
A discussion on some of the key data, trends, and dynamics in the home and apartment markets and how much cooling off should be expected after unprecedented periods of strength in both, as well as where the most weakening or continued strength may be found.
What trends for housing and housing finance businesses suggest about what’s next?
We take a look at some of the most exposed sectors with our rating analysts, with a focus on the fallout from weakening affordability for home buyers, urban-to-suburban population movement, higher borrowing costs, and a decade of subdued building.
Networking Reception
meet & greet with Moody's analysts and economists.
Confirm cancellation
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Laurie Goodman is an Institute fellow and the founder of the Housing Finance Policy Center at the Urban Institute. The center provides policymakers with data-driven analyses of housing finance policy issues that they can depend on for relevance, accuracy, and independence. Before joining Urban, Goodman spent 30 years as an analyst and research department manager at several Wall Street firms. From 2008 to 2013, she was a senior managing director at Amherst Securities Group, LP, a boutique broker/dealer specializing in securitized products, where her strategy effort became known for its analysis of housing policy issues. From 1993 to 2008, Goodman was head of global fixed income research and manager of US securitized products research at UBS and predecessor firms, which were ranked first by Institutional Investor for 11 straight years. Before that, she held research and portfolio management positions at several Wall Street firms. She began her career as a senior economist at the Federal Reserve Bank of New York. Goodman was inducted into the Fixed Income Analysts Hall of Fame in 2009. Goodman serves on the board of directors of MFA Financial, Arch Capital Group Ltd., and Home Point Capital Inc., and is a consultant to the Amherst Group. She is also on the CFPB Consumer Advisory Board. Goodman has published more than 200 journal articles and has coauthored and coedited five books. She has a BA in mathematics from the University of Pennsylvania and an AM and Ph.D. in economics from Stanford University.
Darrell Wheeler leads CMBS and CRE CLO research at Moody’s Ratings, with over 30 years in commercial real estate and securitization research. He has developed innovative mortgage models, managed structured finance research at top firms including Cantor Fitzgerald, S&P Global Ratings, and Citigroup, and received multiple accolades, such as repeated Institutional Investors poll rankings. Darrell is also an active contributor and editorial board member for CREFC’s E-primer.
Luisa De Gaetano leads the North American Real Estate and Gaming team within the Corporate Finance Group at Moody’s Ratings, where she oversees the ratings and research of approximately 140 investment-grade and high-yield issuers. Before assuming her current role, Luisa was a manager in the Structured Finance Group, where she led new ratings and surveillance teams across all ABS and RMBS sectors, as well as the assessments team. She also served as an editor for Moody’s monthly sector newsletters and chaired CLO committees.
An active member of the Women’s Business Resource Group, Luisa has been serving on the Lean-in subcommittee for several years. Prior to joining Moody’s, she worked in corporate strategy at McDonald's Corp and in investment banking at Goldman Sachs. Luisa also volunteers as the treasurer of the Board of Trustees of Rivendell School, an inclusive preschool in Brooklyn, NY.
Luisa holds an undergraduate degree in economics from LUISS University in Rome and an MBA from Harvard Business School.
Cristian deRitis is a senior director at Moody’s Analytics, where he conducts economic analysis and develops econometric models for a wide variety of clients. His regular analysis and commentary on consumer credit, policy and the broader economy appear on the firm’s Economy.com web site and in other publications. He is regularly quoted in publications such as the Wall Street Journal for his views on the economy and consumer credit markets. Currently he is spearheading efforts to develop alternative sources of data to measure economic activity more accurately than traditional sources of data. Before joining Moody’s Analytics, Cristian worked for Fannie Mae and taught at Johns Hopkins University. He received his PhD in economics from Johns Hopkins University and is named on two U.S. patents for credit modeling techniques.
Rachael Royal McDonald is an Executive Director leading the Housing Finance, State Revolving Funds and Municipal Supported Products Teams. Prior to this role, Rachael spent 16 years as a lead analyst covering the State Housing Finance Agency, State Revolving Fund and Military Housing sectors. Prior to joining Moody’s, Rachael worked for Deloitte Consulting and The Advisory Board Company. Rachael holds an MBA and a Masters in Social Work from Columbia University and a BA from Brown University.
Ed DeForest is a Senior Vice President on the Technology and Services team. Ed covers a portfolio of services and software companies in a range of verticals.
Ed joined Moody’s in February, 2012 from the Federal Reserve Bank of New York, where he shared responsibility for leading a team of examiners reviewing the wholesale loan portfolios of the 10 largest New York-based banks. Prior to his work at the Fed, Ed was a managing director with D.B. Zwirn, where he was the global head of asset management. While there, Ed managed the credit and illiquid risk department, with a portfolio of about $5 billion of assets under management. Ed also worked for 19 years at JPMorgan Chase, in both the credit and lending and the investment banking departments, covering a range of companies in the Technology, Telecommunications, Cable TV, Publishing and Broadcasting sectors. Ed has a B.A. from the University of Pennsylvania and his M.B.A. is from Carnegie Mellon University
Natalia Gluschuk is a Senior Vice President at Moody’s Corporate Finance Group in the US Homebuilding team. Natalia brings extensive analytical expertise on the Homebuilding and Building Products sectors to this role and holds lead analyst responsibilities for a portfolio of investment-grade and speculative-grade issuers.
Since 2018, Natalia has been part of Moody’s US Cross-Sector Housing and Housing Finance Group that focuses on the development of cross line of business research and outreach. For more than 10 years, Natalia had been part of Moody’s North America Refunding Team, conducting refunding risk studies for the corporate sectors in the US and Canada. Since joining Moody’s in 2006, Natalia has held coverage responsibilities for a variety of corporate sectors including Homebuilding, Manufacturing, Building Materials, Consumer Durables, Business and Consumer Services, Wholesale Distribution, Metals and Mining.
Natalia holds a Bachelor’s degree in Business Administration from Drexel University with concentrations in Finance and Economics.