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» MOVERS & SHAKERS KEEP UP WITH WHO'S DOING WHAT AND WHO WENT WHERE Got something to share with us? Send it to Editor@DSNews.com. Fed Board Member Elizabeth Duke Submits Resignation Federal Reserve Gov. Elizabeth A. Duke announced her intention to step down from her role in a letter addressed to President Obama. Her five years of service with the Federal Reserve will come to a close at the end of August. President Bush first appointed Duke to the board for a term that began in 2008 and expired January 31, 2012. Former Carrington EVP, Yahoo Exec Join Auction.com Rick Sharga departed Carrington Mortgage Holdings to serve as EVP for Auction.com. From his office in Auction.com's Irvine, California, headquarters, Sharga will serve as the company's chief spokesman on topics related to the U.S. housing market, mortgage market, commercial real estate, and international real estate. Sharga has more than 30 years' experience in real estate, mortgage, and technology marketing. Auction.com also announced the hiring of Michael Callahan to serve as executive VP, chief legal officer, and secretary. Currently, he oversees the company's legal, regulatory, intellectual property, government relations, compliance, ethics, and corporate governance matters. Callahan has more than 20 years' corporate legal experience. Before his appointment, he served as executive VP, general counsel, and secretary at Yahoo. Showcase Realty Broker Ranks No. 12 on Top 1,000 List Nancy Braun, owner and broker of Showcase Realty, ranked No. 12 on the Top 1,000 list for real estate professionals and teams in the United States. The list is compiled by the Wall Street Journal and Real Trends. Braun was ranked 12th for the number of closed sales by an individual in 2012 after selling 426 homes last year. Braun has more than 17 years' real estate experience. StoneHill Group Manager Receives Brown L. Whatley Award The Mortgage Bankers Association of Florida presented Wade Hamby, business development manager of StoneHill Group, with the Brown L. Whatley Award for 2012–2013. Hamby was recognized for his commitment to the association, his service on committees, and for wisdom he provided to the association during difficult challenges. Hutchens, Senter, Kellam & Pettit Announces Committee Appointments Three attorneys at Hutchens, Senter, Kellam & Pettit, P.A., were appointed to serve on various professional committees in North Carolina. Lanee Borsman was chosen to serve on the volunteer committee of the Lawyer Assistance Program (LAP). The program is a service of the North Carolina State Bar and provides confidential assistance to lawyers in the state to help them identify and address problems with alcoholism, other drug addictions, and mental health disorders. Attorney Elizabeth Jackson was appointed to the North Carolina Bar Association's (NCBA) Military and Veterans Affairs Committee. The committee develops and oversees NCBA-led efforts to serve attorneys who practice in military- and veteran-related areas of law. The group also organizes and promotes activities and projects that directly serve current military and retired personnel and veterans. Sarah Miranda, also an attorney at the firm, was selected to serve on the NCBA's Women in the Profession Committee for the 2013–2014 fiscal year. One purpose of the committee is to encourage and maintain the participation and advancement of women in the association and the legal profession. The goals are met through educational programs, awareness initiatives, and networking events that highlight the accomplishments of female attorneys. Indecomm Appoints Director of eRecording Services Indecomm Global Services named Randall Haupert as director of eRecording Services. Haupert is tasked with supporting the company's eRecording expansion. Haupert also guides new client eRecording adoption. Before joining the company, he served as director of sales and marketing for TriMin Government Solutions, where he worked for 14 years. Hunoval Law Firm Welcomes New Managing Attorney The Hunoval Law Firm, PLLC, hired Brian Calub to join the firm as managing litigation attorney. Calub has more than 9 years' experience litigating complex bankruptcy, foreclosure, and consumer finance issues. Calub is also a member of the Virginia and South Carolina bar associations in addition to serving with the National Asian Pacific American Bar Association (NAPABA). CONTINUED ON PAGE 40 VISIT US ONLINE @ DSNEWS.COM YOUNGER BUYERS MORE LIKELY TO CONSIDER FORECLOSED HOMES Younger homebuyers are far more open to the idea of buying a foreclosure compared to older buyers, according to a National Association of Realtors (NAR) survey on buyer and seller trends. Overall, 44 percent of surveyed buyers said they did not consider a home in foreclosure. When broken down by age group, however, only 31 percent of millennials (32 and younger) said they did not consider purchasing a home in foreclosure compared to 65 percent for buyers age 67 to 87. The share of buyers who did not consider a foreclosure increased with age, NAR found. For example, among Generation X (Gen X) buyers (age 33 to 47), 43 percent did not consider a foreclosure, while 53 percent of those age 58 to 66 were in the same category. Among buyers who considered foreclosed homes, 29 percent said they decided not to buy one because they could not find the right home. Another 16 percent didn't buy a foreclosure because the home was in poor condition, while 15 percent said the process was too difficult or complex. The survey also found younger buyers are more optimistic about their purchase compared to older age groups. Eighty-five percent of millennials considered their home purchase to be a good financial investment compared to 64 percent of buyers age 67 to 87. "The sheer size of the millennial generation, the largest in history after baby boomers, is expected to give a powerful boost to long-run housing demand, though in the shortterm, mortgage accessibility and student debt repayment remain challenges," said Paul Bishop, NAR's VP of research. According to the survey, Gen X buyers accounted for 31 percent CONTINUED ON PAGE 40 37