Phyllis R. Caldwell

Phyllis Caldwell, a Director since January of 2014 is currently Chair of the Compensation Committee, a member of the Executive Committee, a member of the Governance Committee and the Business & Community Development Committee. Ms. Caldwell brings significant experience and expertise in housing finance, tax credit investing and commercial real estate banking in underserved and emerging markets. Currently, Ms. Caldwell is the owner of Wroxton Civic Ventures, LLC, which provides advisory services in the areas of housing and community development. Previously, Ms. Caldwell served as Chief of the Homeownership Preservation Office for the U.S. Department of Treasury where she oversaw management and implementation of the Treasury’s housing market stabilization and foreclosure prevention programs established through the Troubled Asset Relief Program (TARP). She is the former President of the Washington Area Women’s Foundation and has held several key positions at Bank of America including President of Community Development Banking, where she was responsible on a national level, for loans and investments to real estate developers working in low and moderate income neighborhoods. Ms. Caldwell currently chairs the board of directors of Ocwen Financial Corporation and also serves on the board of the Low Income Investment Fund. Prior board experience includes the Calvert Social Investment Foundation, the Local Initiatives Support Corporation, and the National Equity Fund. In addition, Ms. Caldwell was a member of the Community Development Advisory Committee for the Federal Reserve Bank of Richmond. A University of Maryland, College Park graduate, Ms. Caldwell received her B.A. degree from the College of Behavioral and Social Sciences with a major in sociology and urban planning and her M.B.A. from the Robert H. Smith School of Business.

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Community Impact

Community development is at the very heart of what we do.


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