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HomeNational MortgageMortgage economist Frank Nothaft dies all of a sudden

Mortgage economist Frank Nothaft dies all of a sudden

Frank Nothaft, the dapper chief economist for CoreLogic, died all of a sudden on June 5 of unknown causes. Printed experiences stated he was 66.

“Most individuals knew Frank as one of many nation’s premier housing economists,” Robin Wachner, principal, communications at CoreLogic, stated in an electronic mail. “He was additionally an impressive chief and a kind of extraordinary individuals who was liked and admired by everybody who was fortunate sufficient to know him.”

Frank Nothaft

Nothaft joined CoreLogic in January 2015, after spending a 28-year profession at Freddie Mac. He began on the government-sponsored enterprise in 1986 as a senior economist earlier than being promoted to deputy chief economist after which in 2001 he turned chief economist.

Previous to that, Nothaft was an economist on the Federal Reserve for 3 years.

Nothaft was held in excessive esteem, effectively revered and favored by his friends, even when he is perhaps at odds with them. He would typically take tough positions, however he was at all times skilled and respectful, Fannie Mae Chief Economist Doug Duncan stated.

Nothaft’s efforts had been about making an attempt to grasp what’s true, Duncan continued. “And usually, people who find themselves centered that approach and have respect for others round them have a robust popularity and Frank completely had that popularity.”

Any variations of opinion along with his fellow economists had been explored in a collegial approach. “He would at all times have info and information behind the place he had been stood,” Duncan stated. “And anytime that there was in the end a disagreement on what the inferences of one thing had been, it wasn’t a matter of something private ever.”

Nothaft might be missed each on knowledgeable and a private stage, Duncan stated, and that was a typical theme amongst these memorializing him.

“Frank was a Freddie Mac alumni, an distinctive economist and a beloved member of the housing trade,” stated Sam Khater, its present chief economist. “However most significantly, he was a great and respectable particular person, mentor and buddy.”

Khater stated it was gratifying that this identical sentiment was expressed about Nothaft for years by so many, and never simply now after his passing.

“We ship our deepest condolences to the Nothaft household, notably his spouse Lisa and their kids and we thank him for his practically 30-years of service to our firm,” Khater stated.

Others concurred with Khater and Duncan.

“He was the perfect housing market analyst within the enterprise, capable of clearly and concisely convey info that helped our trade perceive the present market and make selections to arrange for the long run,” Mike Fratantoni, the Mortgage Bankers Affiliation’s chief economist stated in an announcement. “Frank had an inimitable fashion, each when it comes to his shows and his ever-present bow tie.”

Mark Fleming held the chief economist place at CoreLogic earlier than transferring over to First American Monetary in 2015, additionally remembered Nothaft fondly.

“Frank was a mentor, buddy and idol of mine,” Fleming stated. “As a youthful aspiring housing economist, I’ve at all times seemed as much as him for his skilled abilities and, most significantly, his sort and caring persona.”

David Stevens, at the moment the CEO of Mountain Lake Consulting and the previous MBA President and CEO in addition to the Federal Housing Commissioner within the Obama Administration, labored with Nothaft at Freddie Mac from 1998 to 2005. Their friendship lasted for many years following their time collectively on the GSE.

“Frank was a great buddy, former tennis accomplice, and easily one of many nicest individuals I ever had the prospect to work with and get to know,” Stevens stated in a LinkedIn publish. “So unhappy to listen to and such a loss to a planet that really wants good individuals.”

This isn’t the primary time CoreLogic has been surprised with the sudden passing of a key determine. Its President and CEO Anand Nallathambi died unexpectedly after a brief sickness in March 2017.

“We are going to miss Frank and his nice abilities, heat, integrity and friendship,” the e-mail from Wachner added. “Please be a part of us in protecting Frank’s household, buddies and staff members in your ideas throughout this extremely tough time.”

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