ORAL TESTIMONY TO GOVERNMENT PANELS

June of 2006: Gave oral testimony at Federal Reserve Board Hearings on “responsible lending and informed consumer choice”

http://www.federalreserve.gov/events/publichearings/hoepa/2006/20060616/transcript.pdf

July of 2007: Written testimony delivered to the Federal Reserve board on stated income loans and their association with fraud

http://www.federalreserve.gov/SECRS/2006/August/20060801/OP-1253/OP-1253_3_1.pdf

February of 2007: Gave oral testimony at California State Senate Hearings on “non traditional mortgage products.”

March of 2007: Gave oral testimony at California State Senate Hearings on “reactions to the recent subprime mortgage collapse.”

EDUCATION
Bachelor of Science degree in Real Estate from San Diego State University, Ca
 
MEMBERSHIP

Founder of the Mortgage Broker Association for Responsible Lending
CA DRE Broker License No. 01341058

PUBLICATIONS BY STEVEN KRYSTOFIAK

For Inman News

What is a subprime loan? It depends on whom you ask 3/07

High-risk loans enable buyers to obtain, not afford, homes 3/07

Why home-ownership shortcuts will lead to longer recovery 4/07

Sales pitch all smoke and mirrors; Negatively amortized loans add up to big profits for banks 4/07

Negatively amortized loans to cause much pain in 2008 4/07

Articles fact checked and/ or quoted in

Stated-income loans can pose risks, AP 8/06

Refinancing From an ARM to a Fixed-Rate Home Loan, Wall Street Journal, 9/06

Liars' Loans Could Make Many Moan, NY SUN 12/06

On Housing, ‘Worst Is Yet To Come', NY SUN 3/07

U.S., State Lawmakers Acting to Help Subprime Borrowers, The Commercial Record 4/07

For sale: Scenes from a bubble, Money Magazine 5/07

Pressure at Mortgage Firm Led To Mass Approval of Bad Loans, Washington Post 5/07

Mortgage-rate hike may impel buyers, San Diego Tribune 6/07

Mortgage Brokers: The salesman factor, Money Magazine 8/07

EXPERIENCE
2005-present
An Independent Mortgage Broker in Redwood City, Ca

2006-present
President of the Mortgage Broker Association for Responsible Lending

2002-2005
Mortgage & Realty Professional Services La Jolla, Ca
Loan Officer

LITIGATION CONSULTING CONCERNING
Stated income fraud
Subprime predatory lending
Loan flipping
Credit underwriting
Mortgage and real estate finance
Lender’s standards and practices
Borrower’s standards and practices
Real Estate industry standards and practices
Mortgage fraud litigation
Evidence collection
Case evaluation
Case preparation

www.Mortgagebrokerexpertwitness.com

www.Expertwitnessmortgagebroker.com