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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. Janet Yellen Gets Nod from President for Fed Chair President Obama has formally nominated Janet Yellen to chair the Federal Reserve. Yellen, 67, has served as the Fed's vice chair since 2010. If confirmed by the Senate, she would be the first woman to ever hold the position of the United States' top central banker, and she'd face a Federal Open Market Committee divided over whether monetary stimulus measures in place should be scaled back. Freddie Mac Taps Ally Exec for CFO Ally CFO James G. Mackey will soon be departing to take an executive position at Freddie Mac. Mackey will join Freddie Mac the week of November 11 to fill the role of EVP and CFO following the departure of Ross J. Kari, who announced last year his intent to retire in the second half of 2013. Prior to joining Ally in 2009, Mackey was CFO for several Bank of America divisions. Liberty Title & Escrow Names New VP of Default Operations Liberty Title & Escrow Company announced the hiring of Jessica Perry as VP of default operations. Perry brings with her more than 15 years' REO and default experience. She will manage REO title and closing operations as well as assist with client relations. Prior to joining Liberty Title & Escrow, Perry served as a closing manager and REO asset manager for ServiceLink FNF. Women in Public Policy Adds Advisor to Board Desirée Patno, founder and CEO of the National Association of Women in Real Estate Businesses (NAWRB), was named to the executive advisory board of directors of the Women in Public Policy (WIPP) organization. As CEO of NAWRB, Patno has served as an advocate for women-owned businesses in the housing sector, where she has 22 years' experience in REO disposition. LRC Asset Management Announces Two New Executive Hires The national asset disposition firm LRC Asset Management announced the appointment of two industry veterans, Jason Dow and Natalie Drosi. Dow was named VP of REO operations and brings 15 years' default experience to the position. He previously served long tenures at some of the largest financial institutions in the country where he was responsible for the operational oversight of several REO platforms, analytics monitoring, and strategic growth. Drosi joins the firm as assistant VP of closing oversight. In this newly created role, she is responsible for monitoring and improving companywide title curative and closing efforts. Drosi has more than 12 years' default title experience while overseeing the nationwide curative and closing efforts for a GSE and several top 10 banks and servicers. Newbold Advisors Continues Strategic Growth Via Senior-Level Hire Newbold Advisors has hired Jim Horne as managing director. Horne, based out of Washington, D.C., has 25 years' diversified corporate and consulting experience, primarily in financial services companies. Prior to joining Newbold, he was SVP of business development at Riskspan, and VP of finance systems and services at Fannie Mae. He also co-founded MISMO. CoreLogic Names Managing Director of Information Solutions CoreLogic announced the appointment of Olumide Soroye as managing director of information solutions. Soroye has responsibility for development and management of products and services within the company's data and analytics segment. He joined CoreLogic from QuinStreet, where he held dual roles as general manager of both B2B technology and home services. LenderLive Names New Exec to Component Services Unit LenderLive has named Mary Rzucidlo SVP of the component services unit within its outsource services division. Rzucidlo has more than 30 years' industry experience. Prior to joining LenderLive, she was senior director of home loan operations for Capital One Home Loans in Plano, Texas. She received her Six Sigma Green Belt certification through Wachovia Mortgage. Miami Realtors Association CEO Nabs Visionary Leader of the Year Award Teresa King Kinney, CEO of the Miami Association of Realtors, was recognized by the Greater Miami Chamber of Commerce with the Visionary Leader Award. Kinney, who is currently celebrating her 20th year as CEO of the largest local Realtor association in the nation, has been instrumental in making Miami a top real estate market for both domestic and international buying and investment. CONTINUED ON PAGE 34 VISIT US ONLINE @ DSNEWS.COM REPORT: HOMEOWNERSHIP ON PATH TO SUSTAINABILITY As most housing metrics turned around last year, one vital statistic stayed down: the homeownership rate. However, one analyst at Fannie Mae says that low homeownership—when put in context with other data— might indicate a promising trend in sustainability. According to recently published data from the Census Bureau's American Community Survey (ACS), the homeownership rate was down in 2012 for the fifth consecutive year, falling to 63.9 percent—the lowest rate recorded since the survey was fully implemented in 2005 and lower than any rate recorded in any decennial census since 1970. "By most measures, 2012 was a year of housing market recovery, with gains in housing construction, home sales, home prices, and mortgage originations. However, the homeownership rate did not follow suit," said Patrick Simmons, director of strategic planning for Fannie Mae's Economic and Strategic Research Group. At the same time, the ACS recorded significant improvements in housing affordability for all groups, including renters. According to the survey's results, the proportion of households spending at least 30 percent of gross income for housing (the threshold before the situation is considered a "housing cost burden") declined nearly 2 percentage points, bringing it to pre-recession levels. "The improvement for renters is particularly notable, as it broke a string of four consecutive years of declining affordability," Simmons said. "Also of note was a huge improvement in CONTINUED ON PAGE 34 33

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