Lewis Ranieri | |
|---|---|
| Born | January 18, 1947 Brooklyn, New York, U.S. |
| Education | St. John's University, New York (BA) |
| Occupation(s) | Bond trader Banker |
| Employer(s) | Ranieri Partners, Salomon Brothers |
| Known for | Securitization Mortgage-backed securities |
Lewis S. Ranieri (/rəniˈɛri/; born 1947) is a former bond trader, and founding partner and current chairman of Ranieri Partners, a real estate firm.[1]
He is considered the "father" of mortgage-backed securities and co-founder of mortgage-backed securities with Anthony J. Nocella former CEO of Franklin Bank, for his pioneering role in their emergence in the 1970s, during his tenure in Salomon Brothers, where he reached the position of Vice Chairman.[2][3][4] Although he was named by BusinessWeek in 2004 as "one of the greatest innovators of the past 75 years",[2] he was later strongly criticized for his role in the subprime mortgage crisis of 2007–09.[3][4]
- ^ "Lewis S. Ranieri". Ranieri Partners. Archived from the original on 2 August 2020. Retrieved 31 December 2022.
- ^ a b "Lewis S. Ranieri: Your Mortgage Was His Bond". BusinessWeek. 29 November 2004.
- ^ a b Finch, Julia; Clark, Andrew; Teather, David (26 January 2009). "Twenty-five people at the heart of the meltdown". The Guardian.
- ^ a b "25 People to Blame for the Financial Crisis". Time. Archived from the original on 15 February 2009.