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32 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. Agencies Issue Final Stress Test Guidance for Medium- Sized Firms In a joint release, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued final guidance describing supervisory expectations for stress tests. e tests will be conducted by medium-sized financial companies "with total consolidated assets between $10 billion and $50 billion," according to the release. "ese medium-sized companies are required to conduct annual, company-run stress tests under rules issued by the agencies in October 2012 to implement a provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act," the release stated. Companies that meet the asset requirements are required to perform their first stress tests by March 31, 2014. e release notes the stress test rules are flexible and able "to accommodate different risk profiles, sizes, business mixes, market footprints, and complexity for companies in the $10 billion to $50 billion asset range." "e guidance confirms that companies with assets between $10 billion and $50 billion are not subject to the Federal Reserve's capital plan rule, the Federal Reserve's annual Comprehensive Capital Analysis and Review, Dodd-Frank Act supervisory stress tests, or related data collections, which apply to bank holding companies with assets of at least $50 billion," the release said. Walton Group Announces New Regional President The Walton Group of Companies announced John Vick was named regional president of the south central region for Walton Development and Management (WDM). Vick returns to his home state of Texas, where he joins WDM's team of land planners, engineers, and project managers in Dallas and Austin. Vick will oversee more than a dozen master plans and development projects. New Attorney Joins Potestivo & Associates Potestivo & Associates, P.C. announced the hiring of Noel J. Ravenscroft. He will serve as an associate attorney in the Rochester Hills office. Ravenscroft graduated from Central Michigan University with a bachelor's degree in political science. In 2013, Ravenscroft completed his law degree at Thomas M. Cooley Law School, where he was an honors scholar recipient. LRES Welcomes New Senior Vice President Richard Cimino was named SVP and executive advisor for LRES. Cimino has almost 40-years' experience in the consumer finance, real estate, and mortgage banking industries. Before working at LRES, he held senior management positions for I-Serve, Greenlight Financial, New Century Mortgage, and Ford Consumer Finance. Valuation Vision Brings Aboard New Managing Director Valuation Vision announced Brandon Goldstein as managing director of capital markets. Goldstein served as director of acquisitions at Guardian Capital, where he managed residential and commercial assets. Combined with trade desk management experience at NoteTrader, Goldstein will be actively involved with developing new valuation solutions for Capital Markets. ZVN Properties Announces New EVP ZVN Properties, Inc., announced it hired respected industry veteran, Lynn Effinger, to serve as EVP of business development. Effinger has held such positions as VP and REO manager for Great Western Bank, Washington Mutual, and Citicorp Trust Bank. "I am very excited to now be part of the sales and business development team at ZVN Properties," Effinger said. Women's Justice Awards Recognizes a 'Rising Star' Beverly M. Weber of Martin, Leigh, Laws & Fritzlen, P.C., was recognized as a Rising Star by the 2014 Women's Justice Awards. Weber was nominated by the Association for Women Lawyers of Greater Kansas City. Weber's practice focuses on commercial real estate transactions, loan workouts and restructuring, and in litigation banking, title insurance law, and commercial law. Williams & Williams Welcomes New Executives Williams & Williams announced executive changes within the default sales division. EVP Elsa Lewis (not pictured), who has led the division since 2003 and groomed leadership from within, is stepping down to pursue other interests. Doug Turner, currently COO of Williams, Williams & McKissick and formerly head of operations, information technology, and auction network, will now oversee sales, service, and operations for the default sales division. In his new role, Turner will work closely with sales executives and clients to devise disposition solutions. Matt Fogerty, currently director of default sales, and formerly head of customer service and operations, will assume responsibility for national default sales. Fogerty has been groomed in default disposition from the ground up and has a deep understanding of clients' needs. Melissa Wheat, currently manager of client relations for the company's largest institutional clients, will step into a sales role. Prior to Williams & Williams, Wheat was branch sales manager for a division of HSBC Bank. Wheat has been a member of the default sales solutions team for nearly 10 years. "We expect a spring thaw after the brutal winter. Job growth will re- establish itself after the weather turns. There'll be a virtuous economic cycle, and housing is going to be part of it." —Robert Dye, chief economist at Comerica Inc. in Dallas VERBOSITY The median existing-home price for all housing types in February was $189,000, according to the National Association of Realtors. KNOW THIS

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