Frank Raiter is a Director of Luminent Mortgage Capital. Luminent Mortgage Capital, Inc. a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. It also invests in residential mortgage loans.
For ten years until his retirement in 2005, he was a managing director of Standard & Poors and head of its mortgage backed securities ratings group.
Prior to joining S&P, Raiter was Chief Investment Officer and Treasurer of Caliburt Bank in Phoenix, Arizona. Before that he was the Assistant Director Office of Securities Transactions at the Resolution Trust Corporation where he was involved in the structuring and sale of residential and commercial mortgage backed securities. In 2006 and 2007 he taught courses in investment and finance at the College of Business at James Madison University.
In the Fall of 2008, Mr. Raiter testified before Congress on the role of the credit rating agencies in the current financial crisis.Frank Raiter earned a BA in Economics, with honors, from North Carolina State University and an MBA in Finance from the University of North Carolina.
Well, other than the fact that I was amazed at how little information Standard & Poor's and Moody's actually had, even though they were the leaders of it, I guess one other thing I learned in my career, in a brief stint with the federal home loan banking system before they were folded into the OTS i...(Full transcript available to logged in subscribers.).
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