From his former career in baseball to his thoughts about the reverse mortgage market, we get the personal and professional facts from Darren Stumberger, managing director at Knight Capital Group, in our monthly edition of The Hot Seat.
You can’t always be... Yes, you can!
Ten years from now I’d better be coaching kids’ baseball and football.
Nobody knows that I skipped kindergarten.
If I had three wishes they would be that all children could be happy, healthy and given a chance to succeed.
My first car was a 1988 used Ford Escort GT.
If I could meet anyone past or present it would be Ronald Reagan.
My favorite movie is The Karate Kid.
My favorite website is drudgereport.com.
When it comes to TV, I never miss a Miami Hurricane football game.
I’ll never forget the home run I hit against Florida State in the 1993 NCAA Championships.
My first job was as a busboy in a French bistro.
My parents taught me how to drive when I was 13.
My iPod go-to is anything produced between 1982 and 1987.
I never can sleep in on the weekends.
I always have trouble getting out of bed during the week.
The most memorable moment in my life was being named All-American and getting drafted by the Cubs and Indians in 1990 and 1994.
The worst purchase I’ve ever made was a minivan.
The best purchase I’ve ever made was a minivan.
My favorite book is Hamlet.
The craziest thing I’ve ever done was put hot sauce in my oatmeal.
The biggest challenge in the reverse mortgage industry is the prospect of lower volumes and lingering accounting issues.
The greatest setback for our industry was allowing fixed-rate standard to become 70 percent-plus of originations.
Ten years from now the reverse mortgage industry will be firing on all cylinders.
Before I entered the reverse mortgage industry I was trading forward whole loans, working as a securitization banker.