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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. Mortgage Contracting Services Appoints Chief Technology Officer Mortgage Contracting Services (MCS) named Robert Colbeck chief technology officer. Colbeck has been with MCS since 2004, working in its Tampa operations center as one of the original architects of the company's Web-based technology portal, MCS360. In his new position, Colbeck will supervise all strategic technology initiatives and enhancements for the company. LOGS Network Welcomes Scott Brinkley as CEO Scott Brinkley had joined the LOGS Network as the organization's new CEO. Before joining LOGS, Brinkley held executive positions for two decades with First American and CoreLogic. He also co-founded a large claims processing business and most recently, was CEO of the Illinoisbased foreclosure law firm Pierce and Associates. Clayton Holdings Announces New VP of Regulatory Compliance Clayton Holdings, LLC, hired Scott McNulla as VP of regulatory compliance and a member of its executive team. McNulla has spent more than two decades working in the mortgage industry, most recently as director of regulatory compliance at Allonhill. Prior to that, he worked on the mortgage technology side in senior-level positions with Ellie Mae and Mavent. New President Takes Over at Stewart Title of California Stewart Title of California announced the promotion of current group SVP Bob Oakland to the position of president. Oakland has been with the Stewart organization since 1995 and has worked since then to lead offices within the direct operations division on the West Coast. Moving forward, he will assist with mapping out Stewart's California expansion. Noted Economist Joins National Academy of Public Administration Former assistant HUD secretary Raphael Bostic was named a fellow of the National Academy of Public Administration. A noted economist and scholar, Bostic is director of the Judith and John Bedrosian Center on Governance and the Public Enterprise at the University of Southern California and leads the center's efforts to promote effective governance at all levels. Carrington Expands Southeastern Coverage and Regional Leadership Carrington Mortgage Services, LLC, is increasing its commitment to the wholesale lending model—at a time when others in the industry are exiting the business altogether—by expanding the geographic reach of its wholesale division and adding experienced managers to its roster. The company recently opened its fourth wholesale lending operations center in Jacksonville, Florida, and recruited two former EverBank Financial staffers to lead it. Richard Dybel was brought on as divisional sales manager at Carrington, and Jawana Thomas was hired as director of operations. Both joined Carrington after EverBank's exit from the wholesale lending business, and each brings more than 20 years' experience in mortgage lending management to Carrington. The company's mortgage lending division also recently announced the appointment of Carl Grimes as branch manager of its Tampa, Florida, office and Kathy Pilgrim as branch manager of its Duluth, Georgia, location. Grimes has more than 17 years' experience in retail and wholesale lending, all in the Florida market. He was most recently sales manager for Wells Fargo Home Mortgage. He also previously held management and executive positions with Wachovia Mortgage F.S.B., a Wells Fargo Company; Universal American Mortgage Company, a division of Lennar Homes; and Centex Home Equity Corporation. Pilgrim has spent nearly 15 years in mortgage lending. She was most recently regional sales manager at Impac Mortgage, where she was responsible for managing her branch and recruiting across the Southeast. Before going into housing finance, she sold real estate in the Atlanta area. Lerner, Sampson & Rothfuss President Receives USFN Founder's Award Richard M. Rothfuss, president of Lerner, Sampson & Rothfuss, was honored with the USFN Founder's Award. The award recognizes outstanding contributions to the development and growth of USFN—America's Mortgage Banking Attorneys during an individual's career. Recipients must also epitomize the character and ideals of USFN's founders. CONTINUED ON PAGE 36 34 Five Housing Market Predictions You Need To Know By Jed Kolko, Trulia The housing market continued its uneven recovery in 2013 and will enter 2014 closer to normal than it was a year earlier. Consumer optimism is climbing back: in Trulia's latest survey, 74 percent of Americans said that homeownership was part of achieving their personal American Dream—the highest level since January 2010. Even among young adults (18-34 year olds), many of whom struggled through the recession and are still living with their parents, 73 percent said homeownership was part of achieving their personal American Dream, up from 65 percent in August 2011. Rising prices over the past two years have been great news for homeowners, especially for those who had been underwater, and the real estate industry has benefited from both higher prices and more sales volume. At the same time, the effects of the recession and housing bust still sting: the barriers to homeownership remain high, and a few markets—mostly in Florida— still have a foreclosure overhang. Plus, the housing recovery itself brings its own challenges, including declining affordability and localized bubble worries, especially in southern California. Barring any economic crises, the housing market should continue to normalize. Here are five ways that the 2014 housing market will be different from 2013: » Housing affordability worsens. » The homebuying process gets less frenzied. » Repeat buyers take center stage. » How much prices slow matters less than why and where. » Rental action swings back toward urban apartments. Jed Kolko is Trulia's chief economist and leads the company's housing research efforts.

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