Skip to main content

MGIC Names New EVP-Chief Risk Officer
May 04, 2015

Mortgage Guaranty Insurance Corporation (MGIC) has hired Stephen Mackey as executive vice president-chief risk officer upon the previously announced retirement of Lawrence Pierzchalski. Mackey has more than 30 years of experience in the financial services industry, and comes to MGIC from JP Morgan Chase & Company where he has held a number of senior leadership positions, most recently served as managing director, Firmwide Market Risk. His diverse background includes various leadership positions with Fannie Mae, where he worked for 13 years; managerial experience with the Office of Federal Housing Enterprise Oversight, which regulated Fannie Mae and Freddie Mac; employment with the Board of Governors of the Federal Reserve System; and service as CFO of a successful start-up commercial bank.

"Steve's combination of Midwestern roots and skills he has acquired from having worked for large complex financial organizations makes him uniquely suited to lead our risk management team," said Patrick Sinks, CEO of MTG and MGIC. "Our industry is in great shape to expand our role in the market. Steve's experiences, in both the public and private sector, will provide us invaluable insight into how we can expand our role while maintaining a robust risk management culture."

May 04, 2015
Rocket Launches Visa Signature Card

Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.

Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023