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FHFA Names New COO and Head of GSE Oversight

NationalMortgageProfessional.com
Nov 29, 2011

Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has announced the appointments of Richard B. Hornsby as FHFA’s new chief operating officer and Jon Greenlee as FHFA's new deputy director of the Division of Enterprise Regulation. “Having extensive large bank supervision and executive management experience, Hornsby and Greenlee each bring outstanding backgrounds and skills to their new roles at FHFA,” said DeMarco. “Since the creation of FHFA and the establishment of the conservatorships, FHFA has grown, as have the demands for strong oversight and experienced management. These individuals bring expertise well-matched to the tasks at hand.” Hornsby served at the Federal Reserve Bank of San Francisco for 26 years, holding a variety of senior level management and banking supervision positions. Most recently, Hornsby was group VP and division head for the Reserve Bank’s Financial Planning and Control and Corporate Administration Divisions. In this position, he oversaw many of the Bank’s support functions in nine states. Prior to that, he served as group VP in charge of the Bank’s Portland Branch having responsibility for director relations, branch administration and business continuity. Hornsby also directed the Bank’s business development and customer support functions bankwide. He also served as a key member of the senior management team of the Federal Reserve’s National Support Function Office which provides electronic access to the Reserve’s financial services clients nationwide. In addition to his senior management positions, he was a Supervising Examiner in the Division of Banking Supervision and Regulation for 10 years, having regulatory responsibility for bank holding companies, banks and non-bank subsidiaries. He has an MBA in finance and marketing, and a BS in business administration and finance, both from Utah State University. As FHFA’s COO, Hornsby will be responsible for the strategic management of the agency’s operations, and will oversee the FHFA’s administrative and support services, including budget and finance, human resources and information technology. Greenlee joins FHFA from KPMG LLP, where he was the managing director in the Financial Services Regulatory Advisory Practice. In that role, he provided support to clients concerning the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel II and III, and credit, capital, liquidity and resolution planning issues. Before joining KPMG, during a 21-year career with the Federal Reserve, Greenlee held significant positions in the Division of Banking Supervision and Regulation including Director for Risk Management; Deputy Associate Director for Large Bank Supervision; and, Assistant Director for Regional Bank Supervision. Prior to joining the Board of Governors staff in 2001, he worked at the Federal Reserve Bank of San Francisco rising through the examiner ranks to the position of Principal Examiner. Before joining the Federal Reserve, he was an Associate National Bank Examiner with the Office of the Comptroller of the Currency (OCC). Greenlee has a BS in finance from Indiana State University. As FHFA’s Deputy Director of the Division of Enterprise Regulation, Greenlee will be responsible for overseeing the safety and soundness examinations of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac.  
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