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Experience
During his 27 years in financial services, Brett has led the Financial Services M&A Advisory practice at Sterling Point Advisors, managed M&A transaction-related analytics and Reps & Warranties strategies at Capital One, co-founded a nationwide mortgage lender/servicer/securitizer, and consulted for Fortune 500 financial institutions. Brett has overseen analytics teams in mortgage credit risk and operations, corporate development, fraud, marketing strategy, and credit policy. Brett has an undergraduate degree from the University of Virginia where he studied Mechanical Engineering.
Education
- Bachelor of Science, University of Virginia, Mechanical Engineering
Publications
Read their latest work
Article
The impact of “lender choice” on mortgage pricing
16 February 2026 - by Jonathan Glowacki, Brett Ludden, Ryan Huff
We explore how the introduction of lender's choice of credit score at mortgage origination is expected to change both underwriting processes and mortgage pricing.
Article
Mortgage market and housing trends – Q3 2025
19 December 2025 - by Brett Ludden, Joseph R. Michels
Mortgage securitizations increased 4% in the third quarter but remain suppressed due to persistently high interest rates and pressure on new home affordability.
Article
Assessing the impact of “lender choice” on loan-level price adjustments
21 November 2025 - by Jonathan Glowacki, Ryan Huff, Brett Ludden
Lender choice for credit scores could raise the risk on guaranteed mortgages, but actuarial analysis can help mortgage credit providers reprice for the shift.
Article
Mortgage market and housing trends – Q2 2025
30 October 2025 - by Brett Ludden, Joseph R. Michels
Mortgage securitizations increased 11% in the second quarter, but high interest rates and home affordability continue to suppress growth.
Article
“Lender choice” introduces a bias to default rates for mortgage underwriting
29 October 2025 - by Jonathan Glowacki, Ryan Huff, Brett Ludden
We show how giving lenders a choice between using FICO or VantageScore for Fannie Mae and Freddie Mac mortgages affects default rates and introduces risks.
Article
Mortgage market and housing trends – Q1 2025
26 September 2025 - by Brett Ludden, Jonathan Glowacki, Michael Loehlein
Mortgage origination rose 19% in the first quarter, but high interest rates and home affordability suppressed growth.
