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DS News December 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Page 25 of 100

24 GOVERNMENT FHFA ANNOUNCES DEPUTY DIRECTOR FOR THE DIVISION OF RESOLUTIONS e Federal Housing Finance Agency announced that Jason Cave joins the Agency as Deputy Director for the Division of Resolutions (DOR). He replaces DOR head Robert Fishman, who is retiring in December after a distinguished 20-year career in federal service. "Robert's leadership has been invaluable to me and to FHFA. His straight-forward advice and management of the conservatorships has helped keep the Enterprises accountable. He is the very definition of public trust," Director Mark Calabria said. "I am excited to welcome Jason to FHFA where his deep well of experience and knowledge will help position FHFA for success now and into a post- conservatorship environment." Cave joins FHFA from the Federal Deposit Insurance Corporation (FDIC), where he served in various roles over the past 27 years, including as Senior Advisor to the Chairman and most recently as Senior Advisor to the Director of the Division of Complex Institution Supervision and Resolution. Cave helped establish the precursor to that Division, the Office of Complex Financial Institutions, which was created to administer new systemic resolution authorities including living wills. SERVICERS BELL BANK HIRES SCHWAB AS CHIEF RISK OFFICER Minneapolis-based Bell Bank has hired Jesse Schwab as EVP/Chief Risk Officer, with oversight of all noncredit related risk management for Bell Bank and its divisions. Schwab has joined Bell's executive leadership team and has offices at Bell's Minneapolis—Colonnade and Bloomington—Bell Plaza locations. "We're excited to have Jesse join our growing Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Fannie Mae announced that Sheila C. Bair will take on the role of Chair of Fannie Mae's Board of Directors. e Board unanimously passed a resolution appointing her Chair on October 28, and Bair started her new role on November 20. She succeeds Jonathan Plutzik, who will remain on the Board of Directors. "Sheila's deep well of experience will provide strong leadership as Fannie Mae works with the Federal Housing Finance Agency (FHFA) to exit conservatorship while simultaneously fulfilling our mission to provide access to safe, affordable mortgage financing," Plutzik, the outgoing Chair of the Board, said in Fannie Mae's announcement. "I note with pride the progress Fannie has made in all aspects of its operations since the last financial crisis and commend my fellow directors and Director Calabria for their unwavering commitment to making Fannie Mae a truly outstanding housing finance company." "Sheila is the perfect person to lead the Board and help guide the company as we continue to transition out of government control," Fannie Mae CEO Hugh R. Frater said. "She will help chart a course forward for the company while making sure we never forget our mission to support mortgage financing in a safe and sound manner." "I am pleased and honored to be selected as Chair of this outstanding board and grateful to Jonathan Plutzik for his leadership," Bair said. "is is a pivotal time for Fannie Mae, and I look forward to working collaboratively with my colleagues in service of our ultimate client, the public." "This is a pivotal time for Fannie Mae, and I look forward to working collaboratively with my colleagues in service of our ultimate client, the public." —Sheila C. Bair, Chair, Fannie Mae's Board of Directors S P O T L I G H T P R O F I L E LENDERS/SERVICERS Fannie Mae Names New Chair for Board of Directors

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