Michelle M. Scipione, Senior Vice President, RADAR Group Supervision, Regulation, and Credit Department> > >
Larry Cordell is senior vice president of the Risk Assessment, Data Analysis, and Research (RADAR) Group at the Federal Reserve Bank of Philadelphia. He previously was a special advisor in several Federal Reserve System initiatives during and following the financial crisis, including the examination team that evaluated the capital adequacy of Fannie Mae and Freddie Mac, the Supervisory Capital Assessment Program (SCAP), and the 2010–2018 Comprehensive Capital Analysis and Review (CCAR) exercises. Cordell has also been an adjunct professor in The Pennsylvania State University’s Masters of Finance Program, teaching a course on Fixed Income Securities.
Before joining the Philadelphia Fed, Cordell was vice president of Risk Analytics and chief economist at Radian Group. Before Radian, he spent 11 years at Freddie Mac, where he was among the team of economists who developed Loan Prospector, the first commercially available automated underwriting scoring model for the U.S. mortgage market. Cordell also headed the team that developed Early Indicator, which at the time was the most widely used behavioral scoring software that assisted mortgage servicers in managing delinquent accounts. He has published widely in areas of fixed income research, real estate economics, and banking and finance. Cordell has a Ph.D. in economics from the University of North Carolina at Chapel Hill.