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FDIC's Forum on Mortgage Lending to Low and Moderate Income Households - Biography of Lewis R. Ranieri
 
Lewis S. Ranieri is the prime originator and founder of the Hyperion private equity funds (“Hyperion”) and is a principal partner and founder of Selene Residential Mortgage Opportunity Fund (“Selene”).  Mr.  Ranieri serves as chairman and/or director of various operating and/or non-operating entities affiliated with Hyperion and Selene.  Mr. Ranieri also serves as Chairman and President of Ranieri & Co., Inc., a private investment advisor and management corporation, and he is founder and Chairman of Ranieri Partners LLC and Ranieri Partners Management LLC, investment management companies focused on financial service opportunities.  He is also Chairman and interim Chief Executive Officer of Franklin Bank Corp. and Root Markets, Inc., an internet-based mortgage leads company. 

Prior to forming Hyperion in 1988, Mr. Ranieri had been Vice Chairman of Salomon Brothers, Inc. (“Salomon”).  He is generally considered to be the “father” of the securitized mortgage market.  Mr. Ranieri helped develop the capital markets as a source of funds for housing and commercial real estate, established Salomon’s leadership position in the mortgage-backed securities area, and also led the effort to obtain federal legislation to support and build the market.  At Salomon, Mr. Ranieri had responsibility for the firm’s activities in the mortgage, real estate and government-guaranteed areas.

Regarded as an expert and innovator in both the mortgage and capital markets, Mr. Ranieri has served on the National Association of Home Builders Mortgage Roundtable continuously since 1989.  In recognition of his dedication and lifelong achievements in the housing industry, Mr. Ranieri was inducted into the National Housing Hall of Fame.  He is also a recipient of the lifetime achievement award given by the Fixed Income Analysts Society, Inc. and was subsequently inducted into the FIASI Hall of Fame for outstanding practitioners in the advancement of the analysis of fixed-income securities and portfolios.  In November 2004, BusinessWeek magazine named him one of “the greatest innovators of the past 75 years,” and in 2005, he received the Distinguished Industry Service Award from the American Securitization Forum.

Mr. Ranieri serves as a trustee or director of Environmental Defense and The Metropolitan Opera Association and is also on the Board of the American Ballet Theatre.


Last Updated 06/12/2008 come-in@fdic.gov