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» Movers & Shakers One thing's for certain: The default industry doesn't sit still. Keeping up with who's doing what and who went where can be a tough task, which is why DS News highlights those people in the industry who are making things happen. Got something to share with us? Send it to Editor@DSNews.com. Freddie Mac Names New CEO; Exec over Loss Mitigation Steps Down Freddie Mac's board selected Donald H. Layton to serve as the company's new CEO. Layton joined the GSE on May 21 and also holds a seat on the company's board of directors. Layton has had a long career in the private banking and financial services sectors. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman. More recently, he served as chairman and CEO of E*Trade Financial. Layton replaces Charles E. Haldeman Jr. (not pictured), who served as the company's CEO since August 2009. After just more than two years as EVP over the single-family mortgage business at Freddie Mac, Anthony Renzi departed from the company May 11. Renzi stepped into a newly created role with the GSE as EVP of single-family portfolio management in mid-April of 2010. He was responsible for minimizing losses on Freddie Mac's nearly $2 trillion single-family guaranteed portfolio, which included overseeing loss mitigation activities. Equator Adds VP of Marketing and Director of Operations Equator added two senior executives to its team. Anna James was appointed VP of marketing and brings more than 15 years' related experience to the company. James' responsibilities include leading and building on the company's marketing initiatives. Prior to joining Equator, James was an independent marketing consultant for both global retailing and consumer apparel brands. Chuck Harkins was hired as director of operations and is not only tasked with managing growth from an operational standpoint but must also ensure policies, procedures, and processes are consistent with the expectations of Equator's clients. Harkins has 18 years' experience in the mortgage and real estate industries and was previously EVP and chief risk officer at Occasio Rescap. During his time with the real estate investment firm, he led initiatives such as a comprehensive pricing model for valuing distressed assets and investor reporting. Allonhill Hires Maria Sedlack for Newly Created Investor Relations Position Maria Sedlack is Allonhill's new director of investor relations management. In this newly created role, Sedlack is responsible for raising awareness among investors in residential loans and securitizations of the deficiencies in loan due diligence that contributed to the mortgage crisis. Previously, Sedlack worked for Fitch Ratings for 22 years as managing director in the structured finance business development group. Gerner & Kearns Attorney Accepted as Fellow for State Bar Foundation Gerner & Kearns Co. announced the acceptance of Daniel A. Cox, the firm's director of legal operations, as a fellow for the Ohio State Bar Foundation (OSBF). Membership in the OSBF is an honor extended to lawyers and judges who adhere to the highest ideals of the legal profession and are dedicated to serving their communities. OSBF acts as the charitable arm for the state's bar association. Transaction Dynamics Adds to Management Team Lynn Effinger joined Transaction Dynamics' management team as director of new business development. Effinger has more than 30 years' experience within the financial services and housing industries. Over his career, Effinger has aided the growth of real estate brokerages, mortgage lenders, and builders throughout California. Armitage Research Taps Jayson Dammen as Managing Director Armitage Research appointed Jayson Dammen as managing director for the company's traditional and mortgage finance business channels. With 25 years' mortgage industry experience Dammen is responsible for expanding and managing the company's loan quality assurance services throughout North America. He previously worked for Regal Capital Partners. LoanSifter Hires New VP of Business Development LoanSifter hired Mark Coupland as VP of business development, tasked with enhancing LoanSifter's solutions and increasing awareness of its products in the mortgage industry. Coupland previously served as VP of secondary marketing for Guaranteed Rate, where he oversaw more than 50 investor relationships and helped the company double its annual production. First Preston HT Promotes Lisa Barrentine to President and CEO First Preston HT announced the appointment of Lisa Barrentine as president and CEO of its family of companies, which include First Preston Management, HomeTelos, BidSelect, HomeTracker, and Castle Peak Homes. Barrentine first joined First Preston HT in 1991 as VP of accounting. Since then, she also served as SVP, CFO, COO, and most recently as president. CONTINUED ON PAGE 36 VISIT US ONLINE @ DSNEWS.COM Children Who Lost Homes to Foreclosure: 2.3M, Report Reveals While the term "foreclosure victim" generally brings to mind images of struggling homeowners, one report released by First Focus addressed the impact of foreclosures on an overlooked segment: children. Julia B. Isaacs of the Brookings Institution authored the report, which revealed, five years into the housing crisis, 2.3 million children lost their homes to foreclosure and 3 million more are at serious risk of losing their homes in the future. In addition, approximately 3 million children were evicted, or may face eviction, from rental properties. Overall, one in 10 children was affected by foreclosure. "Children are the often invisible victims of the foreclosure crisis," said Issacs. The report discussed four negative ways foreclosures impact children. For one, foreclosed families tend to move, and children who move frequently tend to do worse in school. Also, research shows financial stress and hardships affect the way parents interact with their children, and more specifically, parents under a lot of stress tend to be less supportive. Thirdly, foreclosures adversely affect physical as well as mental health with studies showing higher rates of visits to emergency rooms and hospitals in ZIP codes with the highest foreclosure rates. Lastly, children living in or near foreclosed homes may deal with consequences of foreclosures such as more vacant houses, higher crime rates, lower social cohesion, and a lower tax base. "Housing disruptions due to foreclosure are just as traumatic for kids as losing their homes to a tornado or hurricane—except this disaster will hit one in 10 children," said First Focus president Bruce Lesley. The report also stated that children who change schools tend CONTINUED ON PAGE 36 35

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