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Remembering CFPB’s Laurie Maggiano

Laurie Maggiano

Laurie Anne Maggiano, Servicing and Secondary Markets Program Manager at the Consumer Financial Protection Bureau (CFPB) has passed away. She is survived by her children and grandchildren.

“Laurie dedicated her life to the service of both consumers and lenders in the residential mortgage market. Her expertise and passion had a profound impact on our industry and our ability to meet the challenges posed by the worse financial crisis in generations. Most importantly it was her desire to find reasonable balance among the various interests that was so beneficial, particularly in her role at CFPB. However, it is Laurie’s endearing smile and friendship I will miss the most," said Ray Barbone EVP of Mortgage Services at BankUnited.

Laurie had served at the CFPB for more than four years and is a nationally recognized authority on default management and foreclosure prevention. She was previously Director of Policy, Office of Homeownership Preservation at the U.S. Department of the Treasury and Acting Director of Single Family Asset Management at the U.S. Department of Housing and Urban Development. Laurie was one of the original architects of the administration's mortgage relief and foreclosure prevention programs.

“I am deeply saddened by the news of Laurie’s passing," said Five Star Institute President & CEO Ed Delgado. "She was a gifted and talented professional, dedicated to public service. But more importantly she was a loving mother and grandmother. I am proud that we shared a special friendship. She will be missed.”

Caroline Reaves, CEO at MCS also offered prayers for Laurie's loved ones, saying, "Although Laurie is well-known for her tireless dedication to our industry, I had the privilege of knowing her as an amazing friend who shared many personal moments with my family. We shared many hours of laughter as well as tears. I will miss her terribly."

In 2011 The Five Star Institute honored Laurie with their Lifetime Achievement Award. To mark the occasion, her colleague Phyllis Caldwell, then Chief of the Homeownership Preservation Office at the U.S. Department of the Treasury, said of Maggiano:"Laurie has worked to make sure that policies translate into actions that help homeowners, while laying the foundation for sustainable change on how delinquent loans are managed. She is a tireless champion for homeowners across our country."

To view Laurie's Lifetime Achievement video, click here.

About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@DNews.com.
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