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Movers & Shakers CONTINUED FROM PAGE 33 CONTINUED FROM PAGE 33 LRES Corporation Names Five to Director Positions LRES Corporation announced the appointment of five industry veterans to director positions. Jeanette Fitzgerald joined LRES as director of client relations. She also serves as the liaison between clients, sales, operations, and finance. Wayne Smith was appointed senior director of technology. He has more than 23 years' industry experience in software systems and development. Smith is tasked with executing and developing a clear technological vision that reflects LRES' business strategies. With more than 24 years' industry experience, Scott Hornick was hired as director of sales. In his new role, Hornick will contribute to the expansion of LRES' nationwide sales growth. Mike Moya (not pictured) was hired to serve as senior director of operations and has more than 23 years' experience as a financial services professional with expertise in loss mitigation and recovery. Moya oversees the execution of operation policies and objectives. Greg Musso (not pictured) was selected as senior director of sales and holds more than 35 years' experience in banking, business development, sales, and asset management. Musso is responsible for the management of national sales, client relations, and the promotion and expansion of LRES. ISGN Appoints New Chief Executive Officer ISGN Corporation recently announced the company chose Ritesh Idnani to serve as its chief executive. Idnani joins ISGN from Infosys BPO Limited, an Infosys Group company, where he served as COO and SVP. He succeeds Krishna Srinivasan, who will continue as a member of the board and will remain executive vice chairman. Halo Asset Management Hires Two Vice Presidents Halo Asset Management, LLC, announced the addition of two VPs. Charles R. Carpenter was hired as VP of sales. Carpenter, who has more than 12 years of sales and leadership experience, oversees all sales activities and is responsible for growing the company and developing its sales team. Carpenter is also tasked with establishing key performance indicators and a pay-forperformance system. Jody Garcia was named VP of fulfillment. With more than 10 years' experience in the financial services industry, Garcia's main role is to direct the fulfillment portion of the asset management business. He will also be responsible for improving processes to enhance production and timelines. For the past four years, Garcia worked as the portfolio specialist supervisor for GMAC ResCap. Prior to his role as a supervisor, he was a loss mitigation asset manager at GMAC. Trott & Trott Expands Ranks with Five New Attorneys Trott & Trott, P.C., announced that the firm gained five new attorneys. Jonathan Zadoff joins Trott as an attorney in the litigation department. Zadoff earned his bachelor's degree from George Washington University and his Juris Doctor from the University of Georgia School of Law. Before joining Trott & Trott, he practiced litigation as an attorney with Ekonomou, Atkinson & Lambros in Atlanta. Caren Bales is now a member of Trott's litigation department. Bales earned her bachelor's degree magna cum laude from Wayne State University and got her Juris Doctor from Wayne State University Law School. Before joining Trott, she worked as an associate attorney with Blatt, Hasenmiller, Leibsker & Moore, LLC, based out of Bingham Farms, Michigan. Sarah Biedron joins Trott as a post-sale attorney in the firm's foreclosure department. Biedron earned a B.A. from the University of Michigan and a Juris Doctor from Wayne State University Law School. She formerly served as executive assistant at Universal Health Group Management, LLC, based in Southfield, Michigan. She also worked as a law clerk at Aldrich Legal Services in Plymouth, Michigan. Attorney Christina Sayegh accepted a position in the firm's judicial foreclosure department. Sayegh earned a bachelor's degree from Wayne State University and a Juris Doctor from Thomas M. Cooley Law School. Prior to her time at Trott, she worked as an independent contractor and completed externships with Metalase Technologies in Clinton Township, Michigan, and Maloof Law Group, PLLC, in Bloomfield Hills, Michigan. Theresa Woodbridge is Trott's new trial review attorney in the foreclosure department. Woodbridge received her B.A. from Aquinas College and her Juris Doctor from Michigan State University College of Law. She formerly served as a legal extern for the United States Coast Guard Office of Maritime & International Law in Washington, D.C. Farmington Hills, Michigan-based Trott & Trott specializes in residential default procedures and represents mortgage bankers, banks, credit unions, mortgage servicers, and other industry groups throughout the state of Michigan. CONTINUED ON PAGE 35 34 underwater homes helps the market by at least keeping the supply of homes for sale low. The impact of the deluge of underwater homes actually helps to increase lower-priced homes, according to CoreLogic. This is because supply is tighter for lowerpriced homes since negative equity is greater. In fact, over the last two months, these less pricey homes an average yearly increase of 4.5 percent while higher price homes increased by only about 0.6 percent. So, despite reports of sluggish employment growth and increasing tension in the eurozone, Khater sees reasons to expect price growth in certain markets. "We have transitioned from pricing dynamics driven by economic weakness and high shares of distressed sales to one of restricted supply, which will likely exist for some time to come—reason for optimism in many hard-hit markets," wrote Khater. KNOW THIS Adjustablerate mortgages adjusted to below 3 percent earlier this year because Barclays' manipulation of LIBOR kept borrowing rates low, according to Rob Chrisman, publisher of Daily Mortgage News and Commentary.

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