Theodore (Ted) Tozer is a non-resident fellow at the Urban Institute’s Housing Finance Policy Center.  Immediately prior to joining HFPC, he was a senior fellow at the Milken Institute’s Center for Financial Markets. . Previously, Tozer served as the president of Ginnie Mae for seven years, bringing with him to the institution more than 30 years of experience in the mortgage, banking, and securities industries. As president of Ginnie Mae, Tozer actively managed Ginnie Mae's nearly $1.7 trillion guarantees of mortgage-backed securities (MBS) and more than $460 billion in annual issuance.  During his time at Ginnie Mae Ted lead the modernization effort of the Ginnie Mae Securitization Platform.  Ted oversaw the transition from a depository dominated issuer base to an independent mortgage banker dominated base.  He was the Obama Administration point person for the rewriting of the HARP program. Tozer also oversaw the transitioning away from the Ginnie Mae I program to the Ginnie Mae II program.  Before joining Ginnie Mae, Tozer served as senior vice president of capital markets at the National City Mortgage Company (NCM) for more than 25 years, overseeing pipeline hedging, pricing, loan sales, loan delivery, and credit guideline exceptions. He was instrumental in transforming NCM from an "originate and hold" lender to an "originate and sell" lender. Additional accomplishments include serving as a charter member of Fannie Mae’s National Lender Advisory Board until 2009. He was also a member of Freddie Mac’s National Lender Advisory Board. In addition, he was chairman of the Capital Markets Committee of the Mortgage Bankers Association of America (MBA) from 2002 to 2004, a member of the MBA Board of Governors from 2002 to 2004, a trustee of the Ohio Mortgage Bankers Association from 1999 to 2001, and as part of the Fannie Mae Midwest Secondary Advisory Group from 1994 to 1999. He received his bachelor’s in accounting and finance from Indiana University. He became a Certified Public Accountant in 1980 and a Certified Management Accountant in 1984. He and his wife Sandy live in Charlotte, NC.