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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 16 December 2024 built to enhance Ginnie Mae's capacity to meet its essential affordable housing and capital markets mission on behalf of the U.S. government." FANNIE MAE ADDS HOMEBUILDING EXEC TO ITS BOARD Fannie Mae has named Scott D. Stowell to its Board of Directors, bringing nearly 40 years of experience in the U.S. homebuilding industry to the Board. Members of Fannie Mae's Board of Directors guide the company's efforts to responsibly expand access to mortgage credit and finance quality, affordable housing. "We are pleased to welcome Scott to Fannie Mae's Board of Directors," said Michael J. Heid, Chair of the Board. "His leadership and guidance, especially from the homebuilding perspective, will be invaluable as Fannie Mae continues to create innovative solutions to help address today's housing challenges." Stowell is the Founder, CEO, and President of Capital Thirteen LLC, an advisory, real estate investment, and angel investing company. Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a nonprofit organi- zation whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education. "Scott's extensive industry knowl- edge will complement our dynamic and talented Board of Directors," said Priscilla Almodovar, President and CEO of Fannie Mae. "With broad expertise across the residential spectrum, includ- ing single-family homes, mixed-use communities, and projects meeting local governments' affordability require- ments, we will benefit from Scott's deep understanding of the homebuilding process as lack of supply and new construction issues persist in the U.S. housing market." Stowell has held various roles at Standard Pacific Homes from 1986-2015, advancing through the company to serve as CEO beginning in 2012. Upon the creation of CalAtlantic Group Inc. in 2015, the result of the merger of Standard Pacific Homes and the Ryland Group, Stowell served as the Executive Chairman of CalAtlantic Group Inc. After CalAtlantic merged with the Len- nar Corporation in 2018, Stowell served on the Lennar Corporation Board of Directors until 2021. FHFA ANNOUNCES STAFFING UPDATE The Federal Housing Finance Agency (FHFA) has announced that Victoria Nahrwold has been named Deputy Director, Division of Enterprise Regulation (DER). The FHFA's Division of Enterprise Regulation provides management oversight, direction, and support for all examination activity involving the government-sponsored enterprises (GSEs), the development of supervision findings, and preparation of the annual reports of examination. The DER moni- tors and assesses the financial condition and performance of the GSEs and their compliance with regulations through annual on-site examinations and periodic visits. An Examiner-in-Charge leads examination activity at each GSE. Examination teams will expand further as DER continues to build towards a post-conservatorship future. "Victoria Nahrwold brings an im- mense depth of experience in supervi- sion and examination, risk management and regulatory compliance that will be a valuable asset to the FHFA leader- ship team," FHFA Director Sandra L. Thompson said. "I am pleased that Victoria will be leading this outstanding division and our team of DER examin- ers. Victoria's experience at NCUA has prepared her well for this position, and I look forward to working with her." Nahrwold has about 25 years of ex- perience with the National Credit Union FEATURE STORY THE BEST SOLUTION IS NOT ALWAYS THE SHINY NEW TOY While it can be debated as to how much default and foreclosure activity lies ahead, default servicers must carefully examine their tech systems to keep ahead of the curve. FEATURE STORY DRIVING GROWTH: LEVERAGING HOME EQUITY TO EXPAND LOAN OFFICER OPPORTUNITIES In a tight market, LOs seeking to diversify their offerings are turning to home equity products to expand their role and become a financial guide for life. COUNSEL'S CORNER FACING THE FORECLOSURE AND BANKRUPTCY CHALLENGES OF TODAY Robert S. Kahane, a foreclosure and bankruptcy attorney with more than 30 years under his belt, discusses current compliance issues related to loan servicing process enhancements. EXPERT INSIGHTS TONY JULIANELLE, CEO OF REAL ATLAS ESTATE discusses current market trends and the forces that will shape the landscape in the industry. ALSO IN THIS ISSUE: Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS AUGUST 2024 Magazine The Burden of Proof MortgagePoint profiles Bron, Inc., a company that has carved out a unique niche with a focus on crucial but often-overlooked tasks such as managing registrations, utilities, and HOA verifications. Subscribe to MortgagePoint and MortgagePoint Digital now! Call 800.856.8060 to take advantage of our special offer! Experts you trust. People you know. News you want. MortgagePoint is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MortgagePoint Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MortgagePoint believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS JULY 2024 Magazine White House Main Street America TO FROM THE As the November elections near, what ripple effects will the next Administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. TO YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS OCTOBER 2024 Magazine The Industry Leaves Its Mark at Five Star Conference Exclusive coverage from this year's Five Star Conference, including profiles of the Lifetime Achievement honoree, the Women in Housing Leadership Award recipients, and more. THE 2024 FIVE STAR CONFERENCE & EXPO SEPTEMBER 24-26, 2024 DALLAS, TEXAS M O V E R S & S H A K E R S