Select Speaking Engagements And Press

Press

"Savvy investors are now demanding an arrangement with their investment manager that is devoid of conflicts of interest, using liquid and transparent instruments, with procedural safeguards to eliminate the risk of fraud. Some of these firms exist and they may become increasingly popular as higher investor standards demand them."

SNJ Business People - April 3, 2011

'Early in the last decade, Countrywide (now a part of B of A) fought to have servicing fees cut in half. In 2006 a number of banks pursued an alternative to the minimum servicing fee that would substitute a requirement to hold some of the resulting securities for the MSRs. The idea was "Let's just force the servicer to hold a piece of the pass-through they create," said Mark Friedenthal, a former Citigroup Inc. executive who led the effort and now runs a private portfolio management business, Friedenthal Financial.'

Mark Friedenthal, Friedenthal Financial - American Banker - January 12, 2011

'Bernanke's testimony cites the process of 'normalizing the terms of regular discount window loans'.  The reduction in term lending coupled with the slated increase in the spread between the discount window and fed funds rate is a clear sign that liquidity is ample in the market. It does not, however, suggest the willingness to tighten rates any sooner.  'The 2008 Congressional authority to pay interest on banks' holdings of reserve balances gives the Fed an excellent tool to put upward pressure on short term rates when a tightening bias is adopted in the future.'

Mark Friedenthal, Friedenthal Financial - Reuters - February 10, 2010

'Mortgage bonds have been underperforming as market rates have risen, creating a "double-whammy" for the servicer portfolios, said Mark Friedenthal, head of mortgages in Citibank's global consumer group in New York.'

Mark Friedenthal, Citigroup - Reuters - May 29, 2008

Speaking Engagements

• Managing Risk in a Liquidity/Credit Crisis - Mortgage Bankers Association, Boston – 2008
• Alternative Minimum Service Fee - Mortgage Bankers Association, San Francisco – 2007
• Risk Management Using Derivatives   - St. Joseph's University, Philadelphia – 2004
• Interest Rate Risk Management - Cendant Corp, Mount Laurel, NJ – 2002
• Risk Based Pricing - Mortgage Bankers Association, Atlantic City – 2000
• Pricing Without A Net - GE Mortgage, Cherry Hill, NJ – 1999
• Asset/Liability Management in Banking - The Federal Reserve Bank of New York – 1997
• Monte Carlo Simulation in Risk Management - The Federal Reserve Bank of Atlanta – 1996