Industry mourns the death of Dr Frank Nothaft
The mortgage industry lost a true leader and visionary this week, as Dr. Frank Nothaft, Senior Vice President and Chief Economist at CoreLogic, died unexpectedly on Sunday.
“Frank will be missed and his great talents, warmth, integrity and friendship,” CoreLogic said in a statement. “Please join us in keeping Frank’s family, friends and team members in your thoughts during this incredibly difficult time.”
Since January 2015, Dr. Nothaft served as Senior Vice President and Chief Economist for CoreLogic, a provider of advanced property and ownership insights, analytics and data-driven services, where he was responsible for analyzing, commenting and forecasting trends in the global real estate, insurance and mortgage markets.
“I am deeply saddened by the passing of my longtime friend and colleague, Frank Nothaft,” said Ed Delgado, AMP, Managing Director, Mortgage Policy Advisors; President, Five Star Global. “Frank always greeted people with a smile and filled the industry with his wisdom and insight, never once shy away from the opportunity to teach and inform. I was a strong-willed student who was impressed with his deep understanding and explanation of a complex market His passion, kindness, voice and friendship My deepest condolences to his family.
Prior to joining CoreLogic, Dr. Nothaft spent nearly 30 years as Vice President/Chief Economist at Freddie Mac, where he was also responsible for forecasting, research and analysis of macroeconomics, housing and mortgage markets.
He began his career as an economist on the Board of Governors of the Federal Reserve, where he served from September 1983 to November 1986, then assistant to Board of Governors Henry C. Wallich.
“For decades Frank was a key voice for the mortgage industry – at Freddie Mac and then at CoreLogic,” said Mike Fratantoni, Senior Vice President and Chief Economist of the Mortgage Bankers Association (MBA). “He was the best housing market analyst in the industry, able to clearly and concisely convey information that helped our industry understand the current market and make decisions to prepare for the future. Frank had an inimitable style, both in his presentations and his ubiquitous bow tie. Our thoughts and prayers go out to his family. »
Dr. Nothaft graduated from New York University with a Bachelor of Arts in Mathematics and Computer Science, and earned a Ph.D. in Economics from Columbia University.
In addition to his numerous appearances at industry trade shows, Dr. Nothaft has been frequently called upon to share his expertise and impart his knowledge to local and national radio and media outlets, and has been widely quoted in The Wall Street Journal, New York Times, and countless industry trade publications. He was a regular guest and contributor on cable news channels including CNBC, Bloomberg and Fox Business News.
He has also given back to the industry through his involvement in professional associations, having served terms as President of the American Real Estate and Urban Economics Association; as a board member of the Financial Management Association; member of the advisory board of the Real Estate Research Institute; as chair of the National Association for Business Economics Real Estate Roundtable; and member of the editorial board of the Journal of Real Estate Finance and Economics.