OTS Fellow Joins NewOak Capital
Jay Lown joins NewOak Capital as managing director and senior member of the Financial Institutions Group. In his new role, Lown will be responsible for coordinating all activities relating to Fannie Mae (FNM), Freddie Mac (FRE), and Federal Housing Administration (FHA) mortgage origination and sales, as well as developing the bank advisory and recapitalization efforts at the New York City-based advisory, asset management and capital markets firm. Lown most recently served as a fellow at the Office of Thrift Supervision (OTS), advising the senior deputy director’s office on mortgage origination and securitization, and participated in the creation of the Making Home Affordable modification and refinance programs. Before that, he spent six years at UBS as a mortgage trader. “We are glad to have Jay joining our team of financial industry leaders at NewOak Capital,” said CEO Ron D’Vari. “Jay has lived all aspects of the mortgage market from origination, operation, and trading. He also brings in an informed view of the government perspective that is very valuable to realistic solutions.” Write to Austin Kilgore.