Tom Millon is the CEO of Capital Markets Cooperative, a Computershare company. Capital Markets
Cooperative provides products and services to a nationwide network of more than 400 companies. Tom is
considered one of the nation's top executives in the mortgage capital markets and is a recognized author, frequent speaker, and expert in mortgage finance.
A surging non-QM market wouldn’t just be good news for non-QM players. It’s good for everybody. The housing market desperately needs a greater diversity of mortgage products and extending credit to deserving borrowers will produce a dynamic, vibrant and more efficient marketplace.
When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.
HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.