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MOVERS & SHAKERS CONTINUED FROM PAGE 33 Nationwide Title Clearing Exec Appointed Co-Chair of PRIA Nationwide Title Clearing, Inc. (NTC), announced that Myron Finley, the firm's chief legal officer, was appointed co-chairperson of the Property Records Industry Association's (PRIA) business processes and procedures committee. In his new role, Finley has already shared responsibility for the discussion forum at a recent PRIA conference. Father of Case-Shiller Price Indices Awarded Nobel Prize Robert Shiller, the man who lends his name to the closely watched Case-Shiller Home Price Indices, was awarded the 2013 Nobel Prize in Economics. Shiller, a Sterling professor of economics at Yale University, was selected for the $1.23 million prize along with two colleagues for his work in behavioral economics as it relates to the predictability of asset prices. Security Bank of California Appoints Chief Compliance Officer Security Bank of California announced the appointment of Dolly L. Nugent as SVP and chief compliance officer. She is also a member of the bank's strategy and planning committee and oversees its Bank Secrecy Act Program. Nugent is a certified regulatory compliance manager and a graduate of the American Bankers Association National Graduate Compliance School. Davidson Fink Welcomes New Associate Attorney William A. Santmyer joined Davidson Fink as an associate attorney in the firm's default servicing department. Santmyer focuses his practice in the areas of default litigation, default servicing, eviction, replevin, foreclosure, lender liability, bankruptcy, and loss mitigation. He has experience managing complex commercial and civil litigation disputes at pre-suit, trial, and appellate levels. Urban Lending Solutions Recruits Business Development Leaders Urban Lending Solutions (ULS) recently announced the hiring of industry experts Ken Harthausen and Julie Bussey. Harthausen was brought on as SVP and strategic sales executive and will oversee development and growth of the company's strategic accounts. Formerly, he was president of the correspondent lending department at New Day Division, a subsidiary of Chrysalis Holdings, where he increased the division's revenue by millions. As SVP of business development, Bussey is also responsible for strategic accounts. She previously worked at Integrated Asset Services, as EVP of sales and marketing and senior director of business development. Prior to that, she held various sales positions in the mortgage industry for more than 15 years, negotiating multimillion-dollar agreements with Fortune 500 and government accounts. STRATMOR Promotes Practice Manager to COO Consulting firm STRATMOR Group promoted Lisa Springer to COO. Springer joined the company in January as practice manager and has spent this year working to develop two new products: MortgageSAT, a borrower satisfaction survey portal, and PeerViews, a proprietary survey engine. She previously served as EVP of sales at Motivity Solutions. CONTINUED FROM PAGE 33 affordability among young homeowners, as evidenced by a drop of 10 percentage points in the rate of affordability problems among 25-to-34-year-old owners during the last five years." According to the 2012 ACS, the 25-to-34-year-old bracket was also the group to see the biggest decline in homeownership, with its rate falling 1.9 percentage points. Since 2007, the homeownership rate for that group has dropped 8.5 percentage points. Together, the data indicate that the swing from owning to renting that started in the recession hasn't come back the other way yet. However, with housing costs waning and loan qualification standards still tight, Simmons expects homeownership to recover to a rate that can actually hold up. "Tightening of mortgage qualification criteria soon after the onset of the housing downturn probably contributed to the particularly large declines in homeownership rates among young households, but may have also helped to create a cohort of young homeowners who have housing costs that are much better aligned with incomes," he said. VERBOSITY Long & Foster Expands Delaware Office Long & Foster Real Estate, Inc., recently welcomed Diane Walls Bacigalupi and Joan Goloskov to its Greenville, Delaware, office. A Delaware native, Bacigalupi brings with her expansive community and market knowledge, as well as expertise in negotiations, having worked in the real estate industry for nine years. She is a Certified Relocation Specialist, has expertise in new home construction and senior communities, and has worked with first-time homebuyers and members of the U.S. military. Goloskov is an industry-recognized Realtor with 12 years' experience in residential and commercial real estate, specializing in the procurement of office, warehouse, and retail space. She is an Accredited Buyer's Representative (ABR) and a Senior Real Estate Specialist (SRES). Goloskov is licensed in both Delaware and Pennsylvania. Mortech Promotes Compliance Specialist Mortech, a Zillow business providing mortgage technology software for bankers and secondary market teams, announced Tom Erickson has been promoted to the position of mortgage industry and compliance specialist. Erickson joined the company in 2007. His more than 30-year career includes management positions at a number of lending institutions and mortgage banking operations. Freedman Anselmo Lindberg Hires Client Relationship Attorney Freedman Anselmo Lindberg announced the hiring of Robert J. Deisinger as a new client relationship attorney in its default practice group. Deisinger joins the firm with a specialty in mortgage foreclosures and default litigation. He currently holds a license to practice in Illinois and is admitted to the bars of the United States District Courts for the Northern, Central, and Southern Districts of Illinois. 34 "Under normal circumstances, lenders could adapt to changing regulatory conditions by improving their quality control or raising prices to reflect increased risk [but] Fannie, Freddie, and the FHA have stepped up their putbacks in ways that lenders cannot address adequately through better underwriting or pricing." — Moody's Analytics Economist Mark Zandi and Urban Institute Senior Fellow Jim Parrott

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