Lewis Ranieri is chairman of Ranieri Partners Management LLC and founder of the Hyperion Private Equity Funds. He is also a principal partner and founder of the Selene Residential Mortgage Opportunity Fund, which buys distressed mortgages from lenders and works with the homeowners. Prior to Hyperion, he was vice chairman of Salomon Brothers, where he helped develop the capital markets as a funding source for housing and commercial real estate, established Salomon as a leader in mortgage-backed securities, and led the effort for legislation to support and build the market. Considered the father of the securitized mortgage market and an innovator in mortgage and capital markets, he has served on the National Association of Home Builders Mortgage Roundtable since 1989. One of BusinessWeek's "greatest innovators of the past 75 years," he is a member of the National Housing Hall of Fame and the Fixed Income Analysts Society Inc. Hall of Fame. He is the author of "Options for REO: The Private Sector Solution to the Foreclosure Problem."

Panel:
Fixer-Upper: Repairing the U.S. Housing Market

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