DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1533987
19 April 2025 April 2025 ยป M O V E R S & S H A K E R S The Fay Group," said Ed Fay, CEO of The Fay Group. "We're delighted to wel- come him to the team and look forward to his contributions as we continue to grow and innovate within the residen- tial mortgage ecosystem." Biegel spent 17 years at Bear Stearns, overseeing the trading desk for dis- tressed residential mortgages. He later joined Lone Star Funds to lead U.S. distressed mortgage initiatives, raising and deploying billions of dollars. At Angelo Gordon, he expanded into re-performing and performing loans and managed Arc Home. Most recently, as President of Change Lending LLC, Biegel enhanced the growth of the plat- form and introduced structured finance initiatives. "I'm thrilled to join The Fay Group at such an exciting time in its journey," Biegel said. "The organization's com- mitment to innovation, coupled with its strong leadership and vision, presents a unique opportunity to drive significant value for both investors and stakehold- ers. I look forward to working with the talented team here to build on The Fay Group's success." MBA APPOINTS NEW DIRECTOR OF MEMBER RELATIONS The Mortgage Bankers Association (MBA) has named Matthew Gallant as its new Director of Member Relations. In his role, Gallant will manage MBA's portfolio of residential member companies in the Northeast region, overseeing and strengthening member engagement with key leaders and identifying opportunities for MBA to better support their business efforts. "I am excited to welcome Matt to our member relations team and am confident that he will leverage his passion, strong connections, and extensive knowledge of our industry to enhance our member en- gagement initiatives," said Laura Hopkins, MBA's VP of Membership. Gallant has more than 10 years of experience in the mortgage banking industry. Before joining MBA, Gallant served as New Hampshire Housing's Director of Stakeholder Engagement. Prior to that, he was a Vice President, Retail Lending Market Manager at Bank of New Hampshire. In 2023, Gal- lant was recognized by Catapult New Hampshire and Seacoast Online as a "Seacoast 10 to Watch" award winner. Gallant has been an active MBA member over the years and has also held the position of New England Mortgage Bankers Conference Chair since 2022. Gallant holds his Certified Mortgage Professional (CMP) designa- tion from New Hampshire Mortgage Bankers and Brokers and his Certified Community Lender (CCL) designation from NAMMBA. Attorneys PRYOR CASHMAN WELCOMES NEW BANKRUPTCY AND CREDITORS' RIGHTS PARTNER Pryor Cashman has named Joseph A. Shifer a Partner in the firm's Bankruptcy, Reorganization and Creditors' Rights Group. Shifer comes to Pryor Cashman from Kramer Levin Naftalis & Frankel LLP, where he advised clients on some of the largest restructurings over the last two decades. He is based in New York. "This is an exciting addition for our group," said Seth H. Lieberman, Chair of Pryor Cashman's Bankruptcy, Reorga- nization + Creditors' Rights Group and Co-Chair of the Corporate Trust Practice. "I've known Joe for almost 15 years. He brings a record of experience in high-stakes restructurings and a level of strategic insight that will enormously benefit our clients and our firm." Shifer focuses his practice on bank- ruptcy, restructuring, and creditors' rights matters, representing various stakeholders in Chapter 11 cases and out-of-court workouts with monetary stakes often reaching into the billions of dollars. He has advised individual creditors, creditors' committees, ad hoc creditor groups, distressed investors, and financial institutions in restruc- turings across diverse industries such as energy, financial services, shipping, retail, and healthcare. He has repre- sented clients in the closely watched bankruptcies and restructurings of Purdue Pharma, Endo International plc, FirstEnergy Solutions, LATAM Airlines, Constellation Enterprises, Seadrill Ltd., Residential Capital (GMAC Mortgage), and General Maritime Corporation, among many others. "I am eager to join Pryor Cashman and collaborate with such an outstand- ing team," Shifer said. "My experience complements the firm's history of work for creditors and other parties in chal- lenging and high-profile bankruptcies and workouts, and I look forward to contributing to its ongoing success."