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7 SVP of Capital Markets, Fannie Mae Page 10 FIVE MINUTES WITH WITH Renee Schultz Journal Compiled by the DS News Staff TA K E A L O O K I N S I D E T H E N U M B E R S DATA BITS Source: "October 2019 U.S. Foreclosure Activity Report, ATTOM Data Solutions" BANKING COMMITTEE APPROVES HUD'S NOMINATION OF BRIAN MONTGOMERY The U.S. Senate Committee on Banking approved the nomination of Brian Montgomery as the new Deputy Secretary of the Department of Housing and Urban Development. Montgomery was approved by a final vote of 20-5. His nomination will now move on to the Senate for approval. "Brian Montgomery's record of service makes him ideally suited to serve as HUD's new Deputy Secretary," said Ed Delgado, President and CEO of Five Star Global. "In his role at FHA, Montgomery has implemented improvements to infrastructure in addition to important initiatives such as changes to False Claims Act oversight. I extend my heartfelt congratulations and look forward to HUD's continued efforts to build a stronger and more sustainable system of American homeownership." Montgomery was nominated for the position by HUD in October. He has served as HUD's Assistant Secretary and managed the day-to-day operations of the agency and assist the Secretary in leading the department's nearly 8,000 employees. He is also the Commissioner of the Federal Housing Agency. Montgomery said during the nomination hearing in October that he would continue to run the Federal Housing Agency until a replacement is named. He served as FHA Commissioner from 2005 to January 2009 and stepped back into the role in May 2018. 1 SACRAMENTO, CALIFORNIA 2 NASHVILLE, TENNESSEE 3 DETROIT 4 PHOENIX 5 ORLANDO, FLORIDA 6 ROCHESTER, NEW YORK 7 PORTLAND, OREGON 8 MIAMI 9 CINCINNATI 10 ST. PAUL, MINNESOTA RANKING METRO 1 BIRMINGHAM, ALABAMA 2 BALTIMORE 3 KANSAS CITY, MISSOURI 4 MILWAUKEE 5 SEATTLE 6 PHILADELPHIA 7 SALT LAKE CITY, UTAH 8 WASHINGTON, D.C. 9 PITTSBURGH 10 NEW ORLEANS RANKING METRO I N S I D E T H E J O U R N A L | O N T H E W E B | T H E A P P S P E C T R U M | M O V E R S & S H A K E R S A look at facts you didn't know you couldn't live without. Borrower equity increased by $457 billion during Q3 2019 from the prior year, according to CoreLogic. Fannie Mae announced it has completed its final Credit Risk Transfer of 2019, covering $18.5 billion in unpaid balance of loans. 10 CITIES WHERE FORECLOSURE STARTS ARE INCREASING 10 CITIES WHERE FORECLOSURE STARTS ARE DECREASING "Brian Montgomery's record of service makes him ideally suited to serve as HUD's new Deputy Secretary." Ed Delgado, President and CEO, Five Star Global