Office of Capital Policy
Caroline Hopkins, Senior Economist
Hopkins develops and maintains single-family mortgage credit models and provides analytical support to the development of regulatory capital policy for Fannie Mae and Freddie Mac. Her expertise is in environmental economics, and her research currently focuses on natural disaster risk and mortgage finance. Hopkins has a B.A. in Economics from Washington and Lee University and an M.S. and Ph.D. in Economics from Carnegie Mellon University Tepper School of Business. Prior to her graduate studies, she was a research analyst for The Brattle Group.
Alexandra Marr, Senior Economist
Marr develops and maintains single-family mortgage credit models and provides analytical support to the development of regulatory capital policy for Fannie Mae and Freddie Mac. Her expertise is in labor economics and machine learning, her research currently focuses on borrower behavior and natural disaster risk. Marr has a B.S. in Cognitive Science from the University of California Merced and an M.S. and Ph.D. in Economics from the University of California Irvine.
David Roderer, Senior Financial Analyst
Roderer is responsible for the Annual Guarantee Fee Report and the Monthly Interest Rate Survey. Over the last four years he has worked extensively on finding the appropriate level of guarantee fees. He has been with the FHFA and FHFB for 11 years in the Office of Policy Analysis & Research and the Division of Bank Regulation. Before that he worked for the OCC for ten years, in Economics and Compliance. He has a B.A. in Mathematics from Macalester College.
Ron Sugarman, Principal Legislative Analyst
Sugarman has more than 30 years of experience in federal housing finance programs. His recent work has focused on Fannie Mae and Freddie Mac guarantee fee policy analysis, Dodd-Frank implementation (credit risk retention and swap margin rules), writing a working paper on the National Survey of Mortgage Originations, writing part of the Enterprise capital rule, and international coordination. Prior to joining OFHEO (one of FHFA's predecessor agencies), he worked at HUD on the FHA and Ginnie Mae programs. He earned his B.A. in Quantitative Studies at Johns Hopkins University.
Xiaoqiang (Charles) Hu, Supervisory Financial Analyst
Hu leads a team developing and maintaining single-family mortgage credit models and providing analytical support to the development of regulatory capital policy for Fannie Mae and Freddie Mac. He currently co-chair FHFA’s Climate Risk Committee. Hu’s 30-year career span academia, private sectors, and federal government. His expertise is in applied macroeconomics and finance, and his research currently focuses on climate risk and mortgage finance. His research products have been published in peer-reviewed academic journals. Hu received his Ph.D. in economics from Boston College, his MA in economics from Nankai University, and BS in physics from Huangshan University in China.
Division of Research and Statistics
Ross Batzer, Senior Economist
Batzer’s research uses computational models of the macroeconomy to study how housing finance affects the way individuals respond to fiscal and monetary policy. Prior to FHFA, Ross worked as a Research Analyst at the Federal Reserve Bank of Minneapolis. Batzer has a B.S. and Ph.D. in Economics from the University of Minnesota.
Joshua Bosshardt, Senior Economist
Bosshardt's research focuses on topics in financial intermediation and housing finance, including the effects of interest rates on mortgage credit supply, the role of private lenders for government-sponsored loans, mortgage appraisals, and liquidity regulation. He has presented at conferences organized by the Society for Financial Studies, the Federal Reserve Bank of Philadelphia, the American Real Estate and Urban Economics Association, the American Real Estate Society, the Financial Intermediation Research Society, the Federal Deposit Insurance Corporation, the Midwest Finance Association, and the Financial Management Association. He is published in the Journal of Financial Economics. Prior to his graduate studies, he worked at the Research Department of the IMF. Bosshardt has bachelor’s degrees in Economics and Mathematics from the University of Chicago and a Ph.D. in Economics from MIT.
Becka Brolinson, Senior Economist
Brolinson specializes in environmental economics, focusing on energy economics and natural disaster risk in mortgage finance. Her research has focused on household response to residential energy prices, green labeling of commercial office space, and natural disaster risk in mortgage finance. She has presented at conferences hosted by the Association of Environmental and Resource Economists, the Southern Economics Association, the United States Association for Energy Economics, Camp Resources at North Carolina State University, the Young Economists Symposium at Columbia University, and the Heartland Conference on Environmental and Resource Economics at the University of Illinois Urbana-Champaign. Brolinson has a B.A. in Economics with Minors in Mathematics and Spanish from the University of Vermont and an M.A. and Ph.D. in Economics from Georgetown University.
Shawn J. Bucholtz, Chief Data Officer; Senior Associate Director, Office of the Chief Data Officer
Among Bucholtz’s many responsibilities are providing executive leadership for FHFA’s Data Governance Committee and overseeing implementation of the Evidence Act. His greatest passion is improving the quantity and quality of the data disseminated to the public. Bucholtz previously served as Director of the Housing and Demographic Analysis Division at the Department of Housing and Urban Development (HUD) Office of Policy Development and Research, where he oversaw the American Housing Survey and HUD’s other housing surveys. Prior to HUD, he was at the Department of Agriculture in various roles. Bucholtz has a B.S. in Public Resource Management from Michigan State University, an M.S. in Agricultural and Resource Economics from the University of Maryland, and a Ph.D. in Computational Social Science from George Mason University.
Sean Cannon, Economist
Cannon is a member of the Uniform Appraisal Dataset (UAD) and Uniform Closing Dataset (UCD) project teams and provides data management and analytic support. He joined FHFA in 2022. Prior to joining FHFA, he worked for the Farm Credit Administration, where he had experience analyzing financial data related to many aspects of a real estate transaction, including loan application, underwriting, appraisal, closing, and loan performance. Cannon has a B.S. in Economics from University of Central Florida and an M.S. in Applied Economics from Florida State University.
Chi-Cheol Chung, Senior Financial Analyst
Chung has been with the agency since 2013 and he is responsible for producing the FHFA House Price Index (FHFA HPI®). He also serves as a lead in calculating and setting the annual Conforming Loan Limit values. His area of expertise include data management and modeling, financial analysis and policy analysis. In addition, he received best papers award from the American Real Estate Society for publishing a research paper on a new home affordability estimate. Prior to FHFA, he worked at various organizations including Fannie Mae, Freddie Mac and Barclays, focusing on fixed income capital markets and market risk management. He received a business degree from the University of Virginia.
Justin Contat, Senior Economist
Contat conducts research on housing and mortgage markets, with a focus in real estate valuation and industrial organization. His work often entails adapting theoretical frameworks to study empirical problems in new ways. He has also assisted in data production for the FHFA House Price Index (HPI®) and has been a member of the Climate Risk Working Group. Prior to joining FHFA, he taught at Longwood University. Contat’s current interests include hedonic and structural estimation, housing market liquidity, and the dual role of housing as consumption and investment. He is a member of the American Economic Association, the American Real Estate and Urban Economics Association, and the American Real Estate Society. He has a B.S. in Mathematics from the University of Florida and a Ph.D.in Economics, focusing on Auction Theory, from the University of North Carolina at Chapel Hill.
Lawrence Costa, Senior Economist
Costa’s research explores how individuals’ interactions with the housing market evolve over their lifetimes. His work leverages panel data on mortgage holders to examine lifecycle patterns in debt accumulation and housing equity. Previously, he investigated the interplay between human capital, lifecycle earnings, and unemployment. His empirical research also includes studying the relationship between household location and school choice. Costa has a B.S. in Economics from New York University and Ph.D. in Economics from Georgetown University.
Jonah Coste, Economist
Coste conducts research on housing and mortgage markets and is especially interested in topics related to property taxes, household finance, and housing supply. He has presented his work at the American Real Estate and Urban Economics Association National Conference, the American Real Estate Society Annual Conference, and the Federal Reserve Bank of Philadelphia. His research has been covered by the New York Times, the Washington Post, the Boston Globe, the Financial Times, and others. Coste is a member of the American Economic Association, the American Real Estate and Urban Economics Association, and the American Real Estate Society. He has experience working on consumer finance topics at the Federal Reserve Bank of Philadelphia. He received his Ph.D. in Economics from George Washington University and his B.S. in Computational Finance from Carnegie Mellon University.
Christopher W. Davis, Economist
Davis is a member of the Uniform Appraisal Dataset (UAD) project team. He is responsible for the data management, validation, and production of the UAD analytic files. He joined FHFA in 2024. Prior to that, Davis was a data scientist at the Urban Institute where he conducted research and analyses on a variety of the federal and local government housing programs. He also previously worked as a budget analyst for the State of California's Department of Finance. Davis has a B.A. in Political Science and Psychology from the College of New Jersey and an M.A. in Public Administration from the Maxwell School of Citizenship and Public Affairs at Syracuse University.
Will Doerner, Supervisory Economist
Doerner leads a team of researchers who analyze housing finance topics. A subject matter expert in real estate economics, his publications focus on property valuation, market dynamics, and the policy implications of regulatory changes. He previously oversaw the agency's house price index and loan limit data production. Known for his data-driven approach, Doerner addresses policy issues across national, state, and local levels. His award-winning work has been featured in academic and industry journals and covered by major news outlets. Doerner's background blends academic insights with practitioner experience. He has served as a Commissioner for the Prince George's County Planning Board, a member of the Hyattsville Planning Committee, and conducted property appraisals for state and county agencies. He holds a B.S. in Mathematics-Economics and Urban Studies from Furman University and an M.S. and Ph.D. in Economics from Florida State University.
McLane Driskill, Economist
Driskill joined the Statistical Products Branch through the Research Assistant Mentorship Program (RAMP). He assists with producing the Uniform Appraisal Dataset Aggregate Statistics and promoting FHFA data products through research and blogs. As an undergraduate, he interned at the House of Representatives, worked as an Editorial Assistant for the International Studies Quarterly journal, and was a Research Assistant on a project funded by the National Science Foundation to build a database of rebel groups and their grievances. Driskill has a B.S. in Economics with a concentration in International Business from the University of Tennessee.
Robert Dunsky, Principal Economist
Dunsky has served at FHFA and its predecessor agency for over two decades. He designed and directed the effort to build the first FHFA mortgage analytics platform used to measure mortgage credit and prepayment risks for Fannie Mae and Freddie Mac. That model formed the basis of risk-weighted asset determination for mortgage assets in the 2020 Enterprise Regulatory Capital Framework. Dunsky has also assisted other U.S. federal agencies and international organizations with mortgage modeling, valuation, and risk management. Previously, Dunsky worked for PricewaterhouseCoopers in the strategy practice to assist clients with the design and development of economic models. Dunsky has a Ph.D. in Economics from the Maxwell School of Syracuse University and is an avid sailor.
Debra Fuller, Principal Economist
Fuller specializes in single-family and multifamily mortgage analytics. She has experience on data collection, validation, and analysis. Fuller has expertise on mortgage prepayment and default modeling, market risk, credit risk, and project management. Her published work includes an economic impact analysis of the Port of Tampa, USDA white papers, FHFA working papers on risk-based capital rule, and countercyclical analysis. She has earned several FHFA awards, including the Director's Award for her work on principal forgiveness. Prior to joining FHFA, Fuller served as an economist at Fannie Mae, USDA, and Southeast Bank. She has a B.A. in International Relations from University of South Florida, an M.S. in Economics from University of Florida, and was a Ph.D. candidate at University of Miami.
Matt Greene, Assistant Chief Data Officer and Senior Program Manager
Greene is the Assistant Chief Data Officer and supports FHFA’s Chief Data Officer as a data governance senior expert. Since joining FHFA in 2021, he helped establish the Data Governance Committee and its ongoing operations. His over 20 years of experience spanning the public and private sectors includes working in survey research at the Research Triangle Institute, consulting as part of Deloitte’s Change Management and Human Capital Practice, and serving at the Department of Education (ED). At ED, Greene worked on data integration initiatives at the National Center for Education Statistics before moving to the Office of Federal Student Aid and, ultimately, ED’s central policy office as Deputy Chief Data Officer, where he led projects such as the College Scorecard and ED’s first Data Strategy. Greene holds a B.A. in Economics from Virginia Tech and an M.B.A from The College of William and Mary.
Daniel Grodzicki, Principal Economist
Grodzicki is the Principal Economist on the National Mortgage Database (NMDB®). His primary focus is on the production and development of the core NMDB. Prior to joining the NMDB, Grodzicki was a senior economist in the Office of the Comptroller of the Currency and Assistant Professor of Economics at the Pennsylvania State University. He has also held positions at the Wharton School of the University of Pennsylvania, the Federal Reserve Bank of Philadelphia, and the Consumer Financial Protection Bureau. Grodzicki’s prior research is on the industrial organization of financial markets. He holds a B.A. and M.A. in Economics from the University of Cambridge, and a Ph.D. in Economics from Stanford University.
Elizabeth Hoeffel, Senior Survey Statistician
Hoeffel performs survey data collection, methods, and analysis. She works on the National Survey of Mortgage Originations and the American Survey of Mortgage Borrowers of the National Mortgage Database (NMDB®) program providing support for the entire life cycle from questionnaire design to data dissemination. Prior to FHFA, Hoeffel was a Statistician at the Census Bureau working on population estimates, producing racial statistics for the 2010 Census, and analyzing paradata. She also was employed at several Department of Health and Human Service agencies working on surveys, confidentiality, and grant data. Hoeffel has a B.A. in Psychology from Ohio State University and an M.S. in Sociology from Virginia Tech.
Varun Joshi, Economist
Joshi supports the Division of Research and Statistics and serves as a lead in producing technical reports and analyses pertaining to macroeconomic and housing market trends. Among his prior roles at FHFA, he coordinated and facilitated the operations of FHFA’s Climate Risk Working Groups in support of the agency’s Climate Risk Committee. He additionally supported data production, management, and policy analysis. Prior to joining FHFA, Joshi served as a Consultant at the World Bank and as a Graduate Research Assistant at Carnegie Mellon University’s Heinz College of Information Systems and Public Policy. Joshi has a B.S. in Economics with a Minor in Mathematics from George Washington University and an M.S. in Public Policy and Management from Carnegie Mellon University.
Ken Lam, Senior Economist
Lam leads the Uniform Appraisal Dataset (UAD) project at FHFA. He started at FHFA in the Office of Policy Analysis and Research, before moving to the Office of Housing and Community Investment. In those roles he provided FHFA with expertise in mortgage default and prepayment modeling, housing market forecasts, and the regulation and analysis of the Enterprise housing goals. Prior to joining FHFA, Lam was at Abt Associates, a government research and consulting firm, where he conducted program evaluation on the Federal Housing Administration's Home Equity Conversion Mortgages (HECM) and the American Dream Downpayment Initiative (ADDI). He has a B.A. in Economics (Quantitative Emphasis) and Political Science, and an M.P.A. in Public Policy from the University of Minnesota.
Ismail Mohamed, Senior Financial Analyst
Mohamed provides analytical and database support on a number of data products, including the National Mortgage Database (NMDB®), Unform Appraisal Dataset (UAD), and Enterprise Public Use Database (PUDB). An expert SAS programmer with decades of data management experience, he is part of the production team responsible for the release of the NMDB® aggregate statistics dashboard. Prior to joining FHFA in 2012, Mohamed worked as a software engineer for the Office of Policy Development and Research at the Department of Housing and Urban Development. He has a M.S. in Computer Science from the University of Maryland and an M.S. and Ph.D. in Agricultural Education from the Iowa State University.
Shriya Murthy, Senior Economist
Murthy supports the Housing Collateral Branch in producing the FHFA House Price Index (HPI), a role that has recently included introducing the quarterly Manufactured Housing FHFA HPI. She joined FHFA in 2016. Among her prior roles at the agency, she supported the agency’s extensive loan-level mortgage information system and managed several large internal single-family datasets, including those related to guarantee fees, loan forbearance, and appraisals. With her expertise on the agency’s guarantee fee data, Murthy worked on data-driven policy analyses that covered topics such as loan-level price adjustments and Enterprise cash-window acquisitions, and for several years produced the Annual Guarantee Fee Report to Congress. Earlier in her tenure at FHFA, she co-authored research utilizing data on home appraisals, including a paper on first-time homebuyer overpayment that was published in the Journal of Real Estate Research. Murthy holds a B.A. in Economics from the University of Maryland.
Saty Patrabansh, Associate Director, Office of Data and Statistics
Patrabansh leads the office responsible for the National Mortgage Database (NMDB®), Uniform Appraisal Dataset (UAD), Enterprise Public Use Database (PUDB), and several other mortgage and housing data systems at FHFA. Previously, he was Manager of the NMDB Program and a Senior Economist in the Office of Policy Analysis and Research. Prior to joining FHFA, Patrabansh was a Data Center Co-Director and Project Director at Abt Associates, a government research and consulting firm. Patrabansh specializes in housing and mortgage research; mortgage, property, and credit bureau data; and survey methodology. His research has focused on first-time homebuyers, refinancing programs, rural mortgages, mortgage delinquency, foreclosure prevention, homeownership retention, real estate owned (REO) disposition, and cadastral data. He has a B.A. in Mathematics and Economics from Grinnell College and an M.P.P. specializing in Econometrics, Finance, and Evaluation from the University of Chicago.
Cassidy Pearson, Economist
Pearson supports the operations and coordination of FHFA’s Climate Risk Committee and the Agency’s Climate Risk Working Groups. In support of the Agency’s climate risk work, she is a member of FHFA’s Governance Working Group and FHFA’s Reporting and Disclosure Working Group. Prior to joining FHFA, Pearson worked as an Energy Analyst on the Energy Markets and Policy Team at ICF. She also served as a Peace Corps Volunteer in Central Mexico. Pearson has a B.S. in Chemistry and a B.S. in Biology from the University of Utah, and a M.P.A. in Energy and Environmental Policy from Columbia University.
Robert Renner, Senior Geographer
Joining FHFA in 2022 as the Agency’s first and senior geographer, Renner manages geospatial data while contributing his expertise in spatial analysis to produce housing-related data, statistics, and research. Before FHFA, he spent several years as a Senior Manager in Deloitte’s Location Intelligence Practice delivering consulting and advisory services to various private and public sector clients. Prior to that, Renner worked in the Department of Housing and Urban Development’s Office of Policy Development and Research, where he led development of an agency-wide Geographic Information System and numerous applications to support housing and community development programs. He has also published research in several academic journals. Renner is a geographer by training and recognized leader in the federal geospatial community. He has a B.S. in Geography from Shippensburg University and an M.S. in Geography from Indiana University of Pennsylvania.
Malcolm J. Rogers, Economist
Rogers supports the Office of the Chief Data Officer in developing and implementing data governance, while also managing data, overseeing FHFA’s Comprehensive Data Inventory (CDI), and supporting the Agency’s data and analytics infrastructure. He came to FHFA in the Research Assistant and Mentorship Program (RAMP), where he worked alongside senior researchers to produce rigorous analyses covering housing market conditions. Rogers has a B.A. in Economics and International Relations and an M.S. in Applied Economics from the University of Maryland, College Park.
Diego Saltes, Senior Survey Statistician
Saltes works in the Statistical Products Branch on developing data models and structures to leverage FHFA’s many mortgage finance data systems and supporting data governance activities related to statistical products. He is part of the team responsible for releasing the Uniform Appraisal Dataset Aggregate Statistics. His work focuses on creating insightful analytical products for the public, such as aggregate statistics dashboards and statistical analysis blogs. Previously, Saltes was a Data Scientist with the National Aeronautics and Space Administration (NASA), where he created data models and dashboards to advise budget decision making. Prior to NASA, he held Senior Economist positions with Ginnie Mae, the Treasury Department, and several Washington, D.C., industry trade associations. Saltes has a B.S. in Economics and a M.S. in International Economics from Radford University, a Master of International Public Policy from the Johns Hopkins University School of Advanced International Studies (SAIS), and a Graduate Certificate in Forecasting Practice from Johns Hopkins University and the International Institute of Forecasters.
Jay Schultz, Senior Economist
Schultz is responsible for developing and implementing critical components of the National Mortgage Database (NMDB®). Prior to that, he worked on Affordable Housing Goals for Fannie Mae and Freddie Mac. That work began years earlier while Schultz was at HUD. Schultz’s work at HUD focused on developing regulations and evaluating the performance of Fannie Mae and Freddie Mac toward the statutorily required housing goals. Prior to working for the Federal Government, he was Chief Economist for the Missouri Department of Insurance, where he headed the Statistics Section responsible for collecting and analyzing data on insurance underwriting and losses. Schultz’s research has focused on affordable housing and mortgage market issues as well as property insurance as it relates to affordable housing and community development. He has a B.S. in Economics from Michigan Technological University and a Ph.D. in Economics/Finance from the University of Missouri-Columbia.
Jessica Shui, Associate Director
Shui serves as the Associate Director of the Office of Research and Analysis. She also co-chairs FHFA’s Climate Risk Committee supported by the Agency’s Climate Risk Working Groups. Shui’s prior research and expertise includes topics related to real estate brokerage services, mortgage appraisals and appraisal waivers, automated valuation models, land price valuation, and climate risk. She is published in the Journal of Monetary Economics, Journal of Housing Economics, the Journal of Real Estate Finance and Economics, and the Journal of Real Estate Research. Shui has a B.S. in Economics from Tsinghua University (China) and a Ph.D. in Economics from the University of California, Berkeley, where her focus was on Behavioral and Real Estate Economics.
Jonathan Spader, Supervisory Economist
Spader is Manager of the National Mortgage Database (NMDB®). He leads production and development of the National Survey of Mortgage Originations (NSMO) and the American Survey of Mortgage Borrowers (ASMB), which the Agency operates in partnership with the Consumer Financial Protection Bureau. Prior to joining FHFA, Spader was Assistant Division Chief for Housing Characteristics in the Social, Economic, and Housing Statistics Division of the U.S. Census Bureau. He has also held positions at Harvard University’s Joint Center for Housing Studies, Abt Associates, and the University of North Carolina’s Center for Community Capital. Spader’s prior research and expertise includes topics related to survey methodology, homeownership, financial education, and disaster recovery. He has a B.A.in History and Mathematics from Truman State University and a Ph.D. in Public Policy from the University of North Carolina.
Matt Streeter, Economist
Streeter is responsible for production, processing, and cleaning of data for the National Mortgage Database (NMDB ®). Before joining the Federal Housing Finance Agency (FHFA) in 2024, he was the Chief of the American Housing Survey (AHS) Branch at the U.S. Census Bureau, where he managed all aspects of AHS data operations, from quality control and production to publication. From over 15 years of experience at the Census Bureau, Streeter possesses expertise in project management, geospatial processing, paradata, and administrative data matching. He holds a B.A. in Economics from Virginia Tech and a Project Management Certificate from George Washington University.
Matthew Suandi, Senior Economist
Suandi’s research addresses the consequences of natural disaster risk for housing finance and the effects of public transit on the built environment. He has presented research at the American Real Estate Society, the National Bureau of Economic Research Summer Institute, and the Financial Stability Oversight Council. He is published in Real Estate Economics. He has a B.S. in Economics and Mathematics from Michigan State University and a Ph.D. in Agricultural and Resource Economics from the University of California, Berkeley, where he studied international development and economic history.
Rebecca Sullivan, Economist
Sullivan supports data management and analysis of the National Mortgage Database (NMDB®), focusing primarily on the National Survey of Mortgage Originations and the American Survey of Mortgage Borrowers. Before FHFA, she was a Research Assistant at the University of Maryland. In that role, she managed databases consisting of economic, demographic, and voting data. Sullivan has a B.S. in Economics from the University of Maryland and is pursuing a master’s degree in Survey Research and Data Analysis from the University of Connecticut.
Anju Vajja, Deputy Director, Division of Research and Statistics
Vajja serves as the Deputy Director of the Division of Research and Statistics (DRS) at the Federal Housing Finance Agency (FHFA). Vajja oversees the production of FHFA’s House Price Index (HPI®), National Mortgage Database (NMDB®), Uniform Appraisal Dataset, and several other mortgage and housing data systems at FHFA. She is FHFA’s Research Officer and is responsible for research in housing, mortgage markets, and real estate. Vajja previously served as Principal Advisor to the Deputy Director and Principal Associate Director in DRS and Associate Director in FHFA's Division of Housing Mission and Goals (DHMG). Prior to joining DHMG, Vajja served as managing economist in FHFA’s Division of Bank Regulation (DBR), where her team of economists and financial analysts were responsible for targeted credit and collateral risk examinations to support the FHFA's examinations of the Federal Home Loan Banks (FHLBanks). While in DBR, Vajja also led a team of financial analysts who evaluated the financial condition and performance of the FHLBanks. Prior to joining FHFA, Vajja worked at the World Bank evaluating community development initiatives. Vajja also taught at Georgetown University as an adjunct Professor. She earned her Ph.D. in economics from Georgetown University, her MA from Delhi School of Economics, and her B.S. in economics from Lady Sri Ram College, Delhi University, India.
Scott Weiner, Senior Economist
Weiner works in the Division of Research and Statistics on analysis of various projects and policy proposals related to housing and housing finance markets, with a primary focus on expanding opportunities for affordable and sustainable homeownership. He also contributes to projects aimed at improving data quality and access for other FHFA researchers and analysts. Some of his recent projects look at COVID forbearance, manufactured housing, and the Conforming Loan Limit. Weiner is an applied microeconomist whose passion for uncovering and understanding the real-world effects of policy choices, particularly on vulnerable or underserved populations, binds his research work. His areas of expertise include statistical methods of causal inference, policy evaluation, and working with large, complex data. He has performed research in India and Argentina. He has a B.A. degree in Economics and International Relations from Brown University and a Ph.D. in Economics from Columbia University with specializations in Development, Labor, and Public Economics.
November Wilson, Senior Economist
Wilson focuses on exploring topics at the intersection of racial inequalities and policy. Their research examines whether natural hazard risks have differential impacts on vulnerable populations in housing finance markets. Their work also extends to broader climate risk-related research in the housing finance sphere, including measuring the carbon emissions of the US housing stock. Wilson additionally serves as the lead organizer for various annual Economics events at the Federal Housing Finance Agency (FHFA). Wilson has a B.A. in Economics from the University of South Florida and an M.S. and Ph.D. in Applied Microeconomics and Econometrics from the University of Oregon, where they studied the impacts of drug law policy changes on the prevalence of racial disparities in law enforcement.
Albert Yoon, Senior Economist
Yoon is responsible for the production of FHFA House Price Index (FHFA HPI®). He dedicates himself in identifying and closing gaps between underlying theoretical constructs and actual statistical estimates, whether it involves econometrics issues, data imperfection, or programming flaws. Before joining FHFA, he worked at the US Bureau of Economic Analysis (BEA) where he conducted various process modernization and methodological improvement for regional GDP statistics. Yoon was awarded two Department of Commerce Bronze Medals for accomplishments during his tenure at BEA. He holds a M.A. in Economics (UC San Diego) and a B.A. in Economics (Seoul National University) with concentration in finance, economics, and marketing.
Office of Multifamily Analytics and Policy
Michael Groarke, Senior Policy Analyst, M.B.A.
Michael Groarke has extensive experience in single family and multifamily housing markets, as well as in affordable housing. He has played an important role in teams focusing on housing research and policy development, and in the development of affordable housing goals for the Enterprises. He previously worked at HUD, with the CIA, and with several other government agencies and firms. He received his undergraduate degree in economics from Columbia University and his M.B.A. from the business school at the College of William & Mary.