Our Board

Matthew R. Feldman is Chair of the CSS Board of Managers. Matt served as President and CEO of the Federal Home Loan Bank of Chicago from April 2008 until December of 2020. He had been with the Bank since September of 2003 and served in several executive capacities, including Chief Risk Officer and Executive Vice President, Operations and Technology.

Prior to his employment with the Bank, Matt was Co-founder and Chief Executive Officer of Learning Insights, Inc. from 1995 to 2003. He conceived, established, financed, and directed the operations of this privately held e-learning company. Previously, Matt was President of Continental Trust Company, a wholly owned subsidiary of Continental Bank, and served in a number of other roles in capital markets, investments and general management during his 15 years there.

Matt holds degrees from Case Western Reserve University and the Kellogg School of Management of Northwestern University where he is a life member of the Kellogg Global Advisory Board and a member of the Kellogg Inclusion Coalition.

Matt serves on the Board of Directors of Recology, Inc., an ESOP-owned, waste management and resource recovery company based in San Francisco, CA, where he is Chair of the Governance Committee and serves on the Audit and Risk Oversight Committees. He served on the Board of Directors of the Office of Finance of the Federal Home Loan Banks. He is a former Chair of the Bank Presidents Conference. Matt is the immediate past Chair of the Pentegra Defined Benefit Plan for Financial Institutions and immediate past Co-Chair of the CEO Council of the Financial Services Pipeline Initiative. He serves as a member of the Board of Trustees of the Evanston Community Foundation where he is Chair of the Racial Equity Task Force, Treasurer; Chair of the Audit and Finance Committees; and a member of the Investment Council. He is also a member of the Board of Trustees of the Beth Emet Foundation and a member of the Racial Justice Committee of Beth Emet Synagogue.

Tony was appointed Chief Executive Officer of CSS in December 2019 and added to the Board of Managers as a Director in January 2020.

As CEO, Tony leads the joint venture that represents the industry’s largest mortgage securitization service supporting US Housing by enabling vital liquidity to circulate back to the primary mortgage markets so Americans can purchase new homes and refinance existing mortgages to ensure a better quality of life. As a fintech CSS is an indispensable business partner to Fannie Mae and Freddie Mac serving as an issuing agent and administrator for their Single-Family Mortgage-Backed Securitization business inclusive of their Uniform Mortgage-Backed Securities program. Today CSS supports over 1 million securitizations, backed by $15 trillion in outstanding mortgage balances across all structures and representing over 32 million mortgage loans.

Tony is an accomplished executive with four decades of mortgage and financial services experience, the majority of which was focused on leading top public and private organizations through dynamic and complex business, operational, and regulatory environments. Prior to joining CSS, he held executive positions as President and Chief Operating Officer at Cenlar FSB, the nation’s largest mortgage sub-servicer; CEO, President and Board Director of Walter Investment Corporation/Ditech Holding Corporation, a NYSE traded, top 10 independent mortgage loan originator and servicer; Managing Director and Chief Operations Officer at Citigroup, responsible for CitiMortgage Operations, and Citi’s North America Retail and Commercial Bank operations; Executive Vice President at Freddie Mac, responsible for their Single-Family Business, Enterprise-wide Operations, and Technology; President, Chief Operating Officer and Board Director for GMAC Mortgage/GMAC ResCap, a top three independent mortgage originator and servicer (ultimately becoming Ally Bank in May 2009).

Tony has a Bachelor of Arts from Holy Family University and a Master of Business Administration from Thomas Jefferson University.

Sarah is a Senior Vice President and Head of Investor Relations and Market Strategy at Fannie Mae. She joined Fannie Mae in December 2024, and leads investor-facing, financial communications, and business development teams.

Prior to Fannie Mae, Sarah was a Managing Director at Morgan Stanley in the Financial Institutions Group within investment banking, where she was responsible for multiple high-profile transactions. Prior to that, she was Senior Vice President, Director of Corporate Development at Citizens Financial Group. Sarah worked at Goldman Sachs in the Financial Institutions Group within investment banking from 2011-2016 and began her career at Morgan Stanley as an analyst in the Private Wealth Management division from 2005-2009.

Sarah has a Master of Business Administration from the Harvard Business School, a Bachelor of Business Administration from Northwood University, and has passed all three levels of the Chartered Financial Analyst program.

Malloy Evans is Fannie Mae’s Executive Vice President and Head of Single-Family, reporting to the CEO. He is responsible for the company’s Single-Family business functions, including leading the teams responsible for maintaining Fannie Mae’s single-family mortgage acquisition and servicing standards, providing liquidity to the single-family mortgage market, and facilitating equitable and sustainable access to homeownership and quality affordable rental housing across America. Malloy has served in various roles during his tenure at Fannie Mae, most recently as Senior Vice President and Single-Family Chief Credit Officer, where he was responsible for first-line credit risk management from mortgage acquisition through disposition. He has also held other leadership roles overseeing risks across the Single-Family mortgage life cycle, including the credit, counterparty, operational, and reputational risks and performance of Fannie Mae’s Single-Family lenders and servicers, as well as the company’s administration of the Treasury Department’s Making Home Affordable (MHA) program. Malloy began his Fannie Mae career as an attorney in the company’s legal department, serving as the principal counsel supporting Fannie Mae’s implementation of government initiatives under the MHA program and advising the business on the company’s multi-class securitization program.

Prior to joining Fannie Mae in 2004, Malloy was a corporate associate at Hunton & Williams LLP, specializing in asset securitization and structured finance transactions. Malloy has a Bachelor of Science in chemistry from Davidson College and a Juris Doctor from Washington and Lee University School of Law. 

Ravi Shankar is the senior vice president and head of the Freddie Mac Single-Family Portfolio & Servicing Division. He is responsible for portfolio management, servicing and the operations and technology that support these activities. He is a member of Freddie Mac’s senior operating committee.

Ravi brings over three decades of experience managing multibillion-dollar finance, capital markets, portfolios and mortgage trading operations. A financial services veteran whose previous tenure at Freddie Mac spanned from 2013 to 2019, he served initially as senior vice president of Single-Family Portfolio Management and then as deputy head of the Investments & Capital Markets Division. 

Before joining Freddie Mac in 2013, he spent seven years at JP Morgan Chase in several key roles, including chief financial officer, head of Capital Markets, and portfolio manager at Chase Home Finance. Prior to that, he worked in various senior positions with Citigroup for 16 years.

Ravi holds a Bachelor of Commerce degree from the University of Delhi, India. He is also a Fellow Member of the Indian Institute of Chartered Accountants.

Shelley Leibowitz is a prominent technology advisor, thought leader, director, and investor.  Shelley has spent her career at the intersection of financial services and technology, with both private sector and public sector experience.  Shelley advises large enterprises in areas of digital transformation, IT portfolio and risk management, information security and digital trust, performance metrics, and effective governance. She is a seasoned corporate director and has served on Governance, Investment, Audit, Risk, and Technology Committees; she is also active in the venture investing community with early stage companies.

Currently, Shelley serves on the Board of Morgan Stanley, where she sits on the Audit and Operations & Technology Committees, and on the Board of Elastic NV, where she sits on the Audit and Nominating & Governance Committees.  She serves as an Independent Director for two privately held companies: BitSight, the leading cyber security ratings company where she chairs the Governance and Ethics Committee, and Supply Wisdom, a global supply chain risk intelligence platform. Earlier Board roles include Massachusetts Mutual Life Insurance Company, E*Trade Financial Corporation, Alliance Bernstein Holding LP, and Endgame, foremost provider of cybersecurity capabilities to the US intelligence and defense communities. Shelley was appointed to the Board of Managers of Common Securitization Solutions in 2023.

Shelley’s capstone operating role was as the World Bank’s first Group-wide Chief Information Officer, appointed by Robert Zoellick, 11^th President of the World Bank.  In that role, she was responsible for the technology services and capabilities that underlie the work of delivering quality knowledge and financing products to World Bank clients across the globe.  At the World Bank, she was a leading advocate and domain expert for the Bank’s ICT for Development initiatives, helping to launch in-country technology innovation programs.  As well, Shelley oversaw the World Bank’s Library and Archives, managed the Bank’s comprehensive cybersecurity program, and served as a member of the Pension Investment Committee.

Shelley is a lifetime member of the Council on Foreign Relations, on the CNAS Council, and on the National Board of BuildOn, a not-for-profit that runs service and learning programs in urban high schools across the country.  Additionally, Shelley serves on the NY Board of the National Association of Corporate Directors, where she chairs the Governance Committee; she is an NACD Board Leadership Fellow and has achieved NACD Directorship Certification and the CERT Certificate in Cybersecurity Oversight.  Shelley has been recognized among NACD’s top 100 Corporate Directors for 2023.

Earlier in her career, Shelley held Chief Information Officer positions at top tier financial companies, including Morgan Stanley and Greenwich Capital Markets.  Shelley was honored by the Women’s Bond Club of New York with its Merit Award for career achievement and extraordinary leadership in the financial industry. Shelley is a graduate of Williams College, Phi Beta Kappa, with a degree in Mathematics.

Now retired, David Huntley served as Senior Executive Vice President & Chief Compliance Officer, AT&T Inc. from December 2014 to June 2023. In this role, he was responsible for developing policies to safeguard the privacy of customer and employee information, verifying compliance with the legal and regulatory requirements of the countries and jurisdictions where AT&T operates, and ensuring adherence to internal compliance requirements. He also led Asset Protection, responsible for investigating violations of the Code of Business Conduct, providing executive protection and security countermeasures, and fulfilling legal demands for records and emergency government requests.

David was appointed to this role after serving as Senior Vice President and Assistant General Counsel – AT&T Services. In this role, he oversaw a nationwide team responsible for providing legal support to the Home Solutions and Global Marketing organizations. He was also responsible for Legal administration.

Previously, David served as Senior Vice President, General Counsel and Secretary for Advertising Solutions and Interactive Operations. He also has served as Senior Vice President – Mobility Customer Service Centers, where he led a team of more than 30,000 employees. In addition, David has served as Senior Vice President of E-commerce, Direct Mail and Customer Information Services and has held significant positions in External Affairs, wireless operations, M&A and data operations.

David currently serves on the boards of Texas Capital Bancshares, Inc., AT LAST!, the Ethics and Compliance Initiative (ECI), the National Urban League, and Methodist Health System Foundation. In addition, he is a Trustee of the Southern Methodist University Board, and is the 2023-2024 Texas Business Hall of Fame President and Chairman. He is also a Life Fellow of the Texas Bar Foundation.

David previously served on the executive committee of the United Way of the Texas Gulf Coast and the government relations committee of the Greater Houston Partnership. He also served as a board member of the Greater Houston Convention and Visitors Bureau and the 2004 Houston Super Bowl Host Committee, as well as on the board of trustees of the Texas Bar Foundation.

David holds a law degree from the Benjamin Cardozo School of Law in New York and a bachelor’s from Southern Methodist University in Dallas.

Josephine Umana is the Senior Vice President and Chief Operating Officer (COO) of Investments & Capital Markets (I&CM) at Freddie Mac. As COO, Josephine oversees the day-to-day business operations and operational risk management activities of I&CM, which manages Freddie Mac’s mortgage investments portfolio and single-family credit risk transfer as well as performs interest-rate hedging, liquidity management and corporate treasury functions for the firm. Josephine also oversees two enterprise functions for Freddie Mac – Treasury Operations (the firm’s Wire Room) and the Enterprise Third Party Office and co-leads the firm’s Artificial Intelligence Risk Governance center of excellence.

Josephine joined Freddie Mac in April 1996 and has led various corporate functions over the years, including investor relations, capital planning and corporate insurance. She began her career at KPMG where her audit clients included large financial institutions. Josephine earned a bachelor’s degree in business administration from the College of William & Mary and is a Certified Public Accountant.

Josephine previously served on the Board of Advisors of the Boehly Center for Excellence in Finance at the College of William & Mary.