Background
Jeff Speakes has over 30 years experience as a senior executive in the financial services industry. He is currently a lecturer in economics at the University of Southern California and an instructor in economics and finance at California Lutheran University. Previously, he was Senior Managing Director and Chief Economist for Countrywide Financial Corporation where he developed and managed the industry leading-edge hedge program for mortgage servicing rights. He also managed teams responsible for economic forecasting, asset/liability management, economic capital, and quantitative model development and validation.
He was formerly a faculty member in economics and finance at the Claremont Graduate School.
Jeff holds a PhD in economics and a MA in statistics, both from the University of California at Berkeley. He is a CFA charterholder.
Raymond Hawkins was formerly an Executive Vice President and trader at Countrywide Financial Corporation where he managed the servicing hedge group that traded the hedge for Countrywide’s $1.5 trillion portfolio of mortgage servicing rights. Prior to that he was responsible for interest rate risk management at Countrywide Bank.
Previous affiliations include Barclays Global Investors, Bear Stearns and Salomon Brothers. Prior to his career in finance he was a computational physicist at the Lawrence Livermore National Laboratory
He holds a PhD in solid-state science from Columbia University and is a CFA charterholder.
Joe Fairchild is a Founding Partner of DFA Capital Management. He was formerly Senior Vice President for Portfolio Analytics at Countrywide Financial Corporation. Prior to that he was Vice President, Capital Markets in the Capital Management Group at Zurich Financial Services Group
He holds a B.S.B.A. degree from Ohio State University and an M.B.A. from the University of Miami, and is currently completing his PhD in Financial Economics from the University of Kansas, Lawrence. He has extensive publications including the following:
”Economic Aspects of Securitization of Risk” (with Samuel Cox and Hal Pedersen), ASTIN Bulletin, 2000.
“Valuation of Structured Risk Management Products” (with Samuel Cox and Hal Pedersen), Insurance: Mathematics and Economics, 2004.