Financial Services >> Sector Roundtables >> September 30, 2002

Roundtable Forum: Specialty Finance / Mortgage Finance

JIM FOWLER joined Jolson Merchant Partners as Managing Director in February 2001. He is a Senior Research Analyst covering the mortgage finance and specialty finance sectors. Prior to joining JMP, he was a Principal and Senior Research Analyst at Thomas Weisel Partners, responsible for public stock coverage and private equity research in the financial technology sector. He joined TWP after a five-year tenure at Montgomery Securities. Prior to joining Montgomery, he was responsible for managing mortgage investments and mortgage trading positions at Oppenheimer and Co. and Ocwen Financial Corporation. He attended Montana State University and California State University, and has degrees in Economics and Finance. Profile
JENNIFER S. SCUTTI is an Executive Director and a Senior Financial Services Analyst in the Equity Research department of CIBC World Markets. Since joining CIBC World Markets in March 2001, she has initiated coverage on a number of sectors within the specialty finance niche, including the financial technology sector, the commercial finance group, the credit card/diversified finance issuers and the mortgage finance companies. She has been featured on CNNfn and is regularly quoted in a variety of publications. In 2001, Ms. Scutti was recognized for her earnings estimate accuracy by The Wall Street Journal's 'Best On The Street' analyst survey, after being named the top financial services stock picker on Wall Street by the same survey in 2000. She was also named one of the 25 best stock pickers in Wall Street according to Bloomberg News and named as an earnings estimate sharpshooter by The American Banker in 1996. Prior to joining CIBC World Markets, Ms. Scutti was employed by Prudential Securities from 1994 to 2001 and Lehman Brothers from 1991 to 1994. She began her Wall Street career in 1989 at Brown Brothers Harriman. She has a BA from the University of Delaware and received her MBA in Finance from Rutgers University. She is a member of the Association of Investment Management Research. Profile
TWST: Jennifer, would you begin with an overview of what's gone on in

the specialty finance/mortgage finance area over the past year or so?

Ms. Scutti: That could be a very long story ' it's