Treasury’s Laurie Maggiano to Join CFPB

Treasury’s Laurie Maggiano to Join CFPB


Laurie Maggiano is leaving her post as director of policy at the Homeownership Preservation Office (HPO) of the U.S. Department of the Treasury. She is joining the Consumer Financial Protection Bureau (CFPB) as servicing and secondary markets manager, effective July 1.

Maggiano has been with Treasury since November 2008 and is the only permanent housing policy director to have been installed since the HPO was formed following the passage of the Emergency Economic Stabilization Act of 2008.

The Department held a ceremony at the Treasury building in Washington, D.C., this week commemorating Maggiano’s work and her efforts to shape policy to aid homeowners and the mortgage industry throughout the housing crisis. Maggiano was one of the original architects of the administration’s Making Home Affordable foreclosure prevention programs—the same programs that have set the standard for the industry.

The guest list for Maggiano’s honorary farewell celebration on Tuesday read like a who’s who of power players in the industry. Amherst Securities’ Laurie Goodman; Brian Montgomery, chairman of the Collingwood Group and a former Federal Housing Administration commissioner; and the Five Star Institute’s own CEO Ed Delgado were in attendance at the exclusive honors event.

A number of top-ranking Treasury officials—including Timothy Massad, assistant secretary for financial stability, and Mark McArdle, director of the Hardest Hit Fund—made appearances to pay tribute to their colleague.

The Five Star Institute recognized Maggiano’s accomplishments in 2011 with the Five Star Lifetime Achievement Award for her guidance and leadership throughout the darkest period of the housing crisis and for her unwavering commitment to the American homeowner.

Maggiano is a frequent speaker at Five Star events. Later this year, she will be at the 10th Annual Five Star Conference and Expo in Dallas to discuss issues surrounding compliance during the Five Star’s inaugural Compliance Caucus, which runs Tuesday, September 10.

*EDITORS’ NOTE: The Five Star Institute is the parent company of DS News.


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