Senior Vice President, Risk Assessment, Data Analysis, and Research Group
Areas of Expertise
Prior to joining the Fed in 2007, Larry Cordell worked in the mortgage industry at Radian Group and Freddie Mac. His concern for mortgage markets was what led him to bring his expertise to the Fed. Upon joining the Fed, Larry was a special advisor during the financial crisis and focused on several key Federal Reserve System initiatives, including the conservatorship of Fannie Mae and Freddie Mac, the Supervisory Capital Assessment Program (SCAP), and the Comprehensive Capital Analysis and Review (CCAR) exercises.
Larry is now the senior vice president of the Risk Assessment, Data Analysis, and Research (RADAR) group, which he started after the financial crisis and has helped grow from two people to over 50. His team has developed key capabilities, including housing the most comprehensive collection of securities and consumer credit data on U.S. markets, building out surveillance and research capabilities in Supervision, and estimating loss models as part of the Dodd–Frank Act Stress Tests (DFAST).
Larry’s research focuses on all aspects of consumer finance, loss modeling, and fixed income securities. Larry has also been an adjunct professor in Penn State’s Master of Finance Program, teaching a course in fixed income securities. He enjoys that his work in helping set policy in Bank Supervision and in studying financial markets and the recent financial crises.
Larry has a Ph.D. in economics from the University of North Carolina at Chapel Hill and an undergraduate degree from St. Louis University.