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» GSEs Bolster Multifamily Portfolios The GSEs have increased their presence in the multifamily loan sector over the past several years, relying on these loans to meet affordable housing goals, according to a recent study by the Government Accountability Office (GAO). From 1994 through 2011, both GSEs generally increased the amount of multifamily loans they held. Fannie Mae generally held a lower percentage of multifamily loans than Freddie Mac. Prior to 2008, Fannie Mae and Freddie Mac together financed approximately 30 percent of the multifamily market. In 2009, the enterprises ramped up activity, backing 86 percent of new multifamily loans. This spike reversed somewhat by 2011, when the GSEs were financing 57 percent of the market. GAO says this decline occurred "as other participants reentered the market." The federal agency also noted that in 2008 and 2009, simultaneously with the spike in the enterprises' multifamily loan presence, both GSEs reported losses where they had generally seen profits before. While the GSEs' multifamily loans "performed as well or better than those of other market participants," the GSEs' regulator, the Federal Housing Finance Agency (FHFA), sees room for improvement in their credit risk management, according to GAO. The multifamily market has helped both GSEs meet the affordable housing goals required by their regulator. In 2008, multifamily loans made up about 4.5 percent of the GSEs' portfolios combined. About one-third of those loans went to low- and moderate-income housing. The serious delinquency rate for multifamily loans financed by Fannie and Freddie from 1994 to 2011 is less than 1 percent. Movers & Shakers VISIT US ONLINE @ DSNEWS.COM CONTINUED FROM PAGE 36 Move, Inc., Announces New VP and Board Member Move, Inc., operator of Realtor.com, tapped former Yahoo! executive David Roth to serve as VP of performance and social marketing. Prior to joining Move, Roth was director of search and affiliate marketing at Yahoo!, Inc., where he drove hundreds of millions of dollars in revenue through multiple marketing channels. He is also a noted industry expert and lecturer on best practices in search and direct marketing. Move also announced the selection of entrepreneur Jennifer Dulski as the latest addition to the company's board of directors. With Dulski's appointment, the board now has seven members. Dulski currently works at Google, where she leads the product management team for shopping and product. She first joined Google in 2011 when it acquired Dealmap, a company Dulski cofounded. Prior to the acquisition, Dulski served as Dealmap's CEO from 2007. VP of White Van Re-Elected to NAMFS Board of Directors The National Association of Mortgage Field Services (NAMFS) elected VP of White Van Real Estate Services Kris Katoa to its 2012–2014 board of directors. Katoa joined White Van, a subsidiary of Carrington Holding Company, in 2011. She has 22 years' experience in the field services industry. At White Van, she is responsible for client relations and vendor management.  Trott Attorneys Named Top Lawyers, Exec Appointed to MMLA Board Four attorneys from Trott & Trott, P.C., have been named as the top lawyers of 2013 by DBusiness magazine. David A. Trott, chairman of the firm, was selected in the real estate law category. He is the former president of USFN, a 50-state trade association serving the mortgage banking industry. He earned his Juris Doctorate from Duke University School of Law and currently serves on the State Building Authority Board of Trustees and the Karmanos Cancer Institute Board of Trustees. Jeffrey R. Raff currently serves as managing partner of Trott and was selected in the business litigation category. Raff is a member of the State Bar of Michigan, USFN, Michigan Mortgage Association, and the Association of Credit and Collection Professionals. He graduated from the University of Detroit Mercy School of Law. Marcy J. Ford, partner and EVP at Trott, was selected in the bankruptcy and creditor/debtor rights category. She is the president of USFN and is the chair of Trott's executive committee. Ford graduated cum laude from Wayne State University Law School. Jeanne M. Kivi, partner and managing attorney of the foreclosure department for Trott, was selected in the real estate law category. She is a member of the Michigan Land Title Association, the State Bar of Michigan, and USFN. She is a graduate of the University of Detroit Mercy School of Law. The firm also announced that Roy Sexton, VP of marketing and strategic planning for Trott & Trott, P.C., was elected to the board of governors of the Michigan Mortgage Lenders Association (MMLA). Sexton will serve a two-year term for the southeast chapter of the organization. Sexton earned a master's degree in theater from the Ohio State University and pursued a master's in business administration from the University of Michigan. Trott & Trott is a Farmington Hills, Michigan-based law firm, serving the real estate finance and mortgage banking industries. Trott & Trott offers litigation, bankruptcy, foreclosure, and loss mitigation services. The firm's goal is to keep borrowers in their homes whenever possible. Its team of highly trained loss mitigation professionals is currently administering dozens of foreclosure avoidance programs on behalf of the firm's servicer and investor clients, with strategic outreach initiatives focused on consumer education. Energy REO Solutions Recruits 30-Year Mortgage Banking Veteran Dawn O'Connor joined Energy REO Solutions as president, responsible for managing and leading all company operations. She was previously VP of default operations for Nationstar Mortgage. A 30-year veteran of the mortgage banking industry, she's held positions with CalFed, Bank of America, PNC, Northeast Federal, USFN, Safeguard Properties, and Dimont & Associates. Equator Hires VP of Certification Equator hired industry veteran Ashley Bean as VP of certification. She will oversee the company's training, certification, and marketing programs for real estate agents. Bean has more than 20 years' senior management experience in the default servicing industry. She was previously director for default services real estate owned of late-stage defaults for HSBC. RIO Genesis Selects Client Relations Manager RIO Genesis appointed former Fannie Mae asset manager Ezra Silva as the new client relations manager. Silva holds more than 10 years' experience in the REO and retail real estate industries. Before entering the field of asset management, he was a licensed Realtor in California. Silva earned a bachelor's degree in business administration. 37

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