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Lewis Ranieri Discusses Credit Crisis in Dunlop Lecture
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Lewis Ranieri |
| At the ninth annual John T. Dunlop Lecture in Cambridge, Mass. on Oct. 1, Lewis S. Ranieri, founder of Hyperion private equity funds, CEO and president of the private investment firm, Ranieri & Co., Inc., and a longtime supporter of NAHB and the housing industry, discussed the credit crisis and its effect on housing.
His talk, "Revolution in Mortgage Finance," was co-sponsored by the National Housing Endowment and the Harvard University Joint Center for Housing Studies.
“Lew Ranieri’s unique experience and knowledge gives him a distinct insight into the forces at work in the financial crisis," said Gary Garczynski, endowment chairman and 2002 NAHB president. “He had many enlightening ideas about what factors led to the trouble we see today. He also had many suggestions on long-term and short-term solutions to help builders and the economy alike."
"He listed several lessons learned from the current crisis and gave ways to safeguard against recreating a similar situation in the future,” Garczynski added.
Widely regarded as an expert and innovator in both the mortgage and capital markets, prior to founding Hyperion, Ranieri served as vice chairman of Salomon Brothers, Inc., where he helped develop the capital markets as a source of funds for housing and commercial real estate and led the effort to obtain federal legislation to support and build the market.
Ranieri has served on the NAHB Mortgage Roundtable since 1989, is an NAHB Housing Hall of Fame inductee and is a life trustee with the endowment. In 2004, BusinessWeek magazine named Ranieri one of “the greatest innovators of the past 75 years.”
To view Ranieri's lecture online, visit the Joint Center for Housing Studies’ Web site at www.jchs.harvard.edu.
“The National Housing Endowment would like to thank Lew Ranieri for serving as lecturer at the ninth annual John T. Dunlop Lecture. We would like to also express our gratitude for his practical, insightful and wise council in this difficult time,” said Garczynski.
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