Mr. Awadis joined HilltopSecurities in late 2011 to implement the TBA program and to provide Capital Markets solutions for HFAs. Currently HTS is providing TBA solutions to 14 state HFAs. Since introducing the first TBA program in 2011, HTS has accepted over $27 billion in TBA locks and purchased over $21 billion in MBS. Prior to joining HilltopSecurities, Mr. Awadis was with Bank of America for 20 years managing the Bank’s production of bond loans from the Servicing and the Secondary Marketing standpoint on a national level; acting as Master Servicer / Program Administrator for 45 state and local Housing Agencies encompassing over 600 bond programs. He was also responsible for marketing Bank products and service to Housing Finance Agencies including master servicing, whole loan securitization, TBA executions and Reverse Repo. Mike was also responsible for the development and implementation of new affordable lending products.
During his tenure Mr. Awadis had held several positions related to the loan origination and marketing. Prior to joining the Bank he was a Financial Advisor at Morgan Stanley Dean Witter. Mike Holds BS in Business Administration – Finance from the California State University, Los Angeles.
AC19 Presentation: Bond and Securities Market Update