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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. Fannie Mae's Book of Business Declines in Q1 Fannie Mae's book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE's book of business declined at a compound annualized rate of 2.2 percent. e last time Fannie Mae's book increased in size was in November, when it grew 0.1 percent on a compound annualized basis. Fannie's gross mortgage portfolio has also been on the decline over the first three months of this year, though at a much slower rate in March than in the first two months of the year. After declining at a compound annualized rate of 21.9 percent in January and 21 percent in February, Fannie's gross mortgage portfolio posted a decline rate of 8.9 percent in March. Fannie Mae's new business acquisitions in March totaled $26.5 billion. Year-to- date, new business acquisitions at the GSE totaled $86.6 billion. As of March, total mortgage- backed securities and other guarantees at Fannie Mae reached $2.8 trillion. Delinquencies among single- family and multifamily mortgages at the GSE declined in March. Single-family delinquencies declined from 2.27 percent to 2.19 percent in March, while multifamily delinquencies came down slightly from 0.11 percent to 0.1 percent. Both rates are also down from last year when the single-family delinquency rate was 3.02 percent and the multifamily delinquency rate was 0.39 percent. Fannie Mae modified 12,642 loans in March, bringing the year-to-date total to 36,044. CONTINUED ON PAGE 34 DocuTech Welcomes New Director DocuTech announced recently that Justin Summers has been named director of implementa- tions and professional services. Summers will be responsible for process improvement, technical solutions, and workflow analytics. Additionally, he will apply his knowledge of information technol- ogy and business operations to support DocuTech's continued growth. Auction.com Welcomes New CFO Auction.com has hired a new chief financial officer. Tim Morse, a former CFO at Yahoo!, has been named the company's CFO and EVP. Morse will oversee Auction.com's financial operations and growth strategies from the company's Silicon Valley office. Morse has worked with numerous technology companies in various stages of development. WWR Welcomes New Business Unit Leader Weltman, Weinberg & Reis Co., LPA (WWR), announced that Scott Fink is the new business unit leader of WWR's Bankruptcy Practice Group. Fink has been an attorney for more than 17 years, handling bankruptcy matters with WWR for more than nine years. He earned his Juris Doctor from Case Western Reserve University School of Law. W.J. Bradley Mortgage Capital Welcomes New SVP W.J. Bradley Mortgage Capital, announced a new promotion: Danya Sawyer will now serve as the SVP of mortgage operations. In this new role, Sawyer will be responsible for heading the overall mortgage operations of the company, specifically mortgage fulfillment, secondary marketing, product development, pricing and margin management. Malcolm Cisneros Law Firm Welcomes New Attorney Malcolm Cisneros, a law corporation, announced that Dale Martin has associated with the firm and will help augment the existing areas of expertise as part of its real estate transactions and compliance practice group. Martin is a real estate broker and associate professor of law at Cal- State University – Fullerton. NeighborWorks America Announces New Acting President, CEO NeighborWorks America announced that Chuck Wehrwein will serve as acting president and CEO. Wehrwein has been the COO of NeighborWorks America since May 2012, managing the organization's field operations and national initiatives. Prior to joining NeighborWorks America, Wehrwein served as the president of the Housing Partnership Exchange at the Housing Partnership Network. Capstone Mortgage Continues Hiring Spree Capstone Mortgage welcomed Vicky Elleray to the Scottsdale, Arizona-based company. Elleray will serve as the new operations/servicing manager for the company. She will oversee the day-to-day operations for servicing mortgage loans for Capstone. Previously, Elleray was the field operations manager at CUNA Mutual Group in Madison, Wisconsin; and Phoenix, Arizona, for 32 years. Felty and Lembright Welcomes New Hire Felty and Lembright announced recently that Corey Danzig has rejoined the firm as its chief compliance counsel. Danzig will be responsible for coordinating all of the firm's regulatory compliance matters. She will be responsible for ensuring that the firm is compliant with all applicable mortgage banking and loan servicing laws. Aspen Contracting Welcomes New VP Aspen Contracting announced recently it has hired Douglas G. Dennison as VP of business development. "Doug Dennison's responsibilities will include business development throughout the United States—utilizing his 25-plus years of real estate experience," said Pat Nussbeck, president and CEO of Aspen Contracting. Wingspan Welcomes New SVP of Business Development Wingspan Portfolio Advisors has announced a new promotion—Eshna Ghosh will now serve in the newly created position of SVP for business development. Ghosh brings years of experience to Wingspan and was most recently VP of business development. In her role, she was responsible for diversifying Wingspan's client base and acting as a liaison between Wingspan and its clients.