DS News

26 LenderLive Network Welcomes New Chief Information Officer LenderLive Network announced the hiring of Lorie Helms as chief information officer (CIO). A seasoned technology management veteran, Helms brings more than 17 years of experience to her new post at LenderLive. Before joining the company, she served as chief technology officer for Stewart Lender Services. 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. RBS May Have to Pay More Than Expected to Settle FHFA Suit Royal Bank of Scotland (RBS) may have to pay additional penalties to settle claims that it sold faulty United States mortgage-backed securities in the years leading up to the housing market crash, according to a report from Reuters. RBS had already set aside the equivalent of about $3 billion in United States dollars to cover settle- ment costs relating to the sale of $32 billion worth of faulty mortgage- backed securities to Fannie Mae and Freddie Mac in a case being handled by the U.S. District Court in Connecticut. However, the conservator of the two GSEs, the Federal Housing Finance Agency (FHFA), might ask the bank to pay up to the equivalent of $7.7 billion in United States money to settle the claims, according to the report. A spokesperson from the FHFA declined to comment on the RBS situation. In June, RBS agreed to pay $99.5 million to settle a separate FHFA suit claiming that the bank sold more than $2 billion worth of faulty mortgage-backed securities to Fannie Mae and Freddie Mac between 2005 and 2007, the years of the "housing bubble" in the United States. RBS and Nomura Holdings are the last two out of the 18 lenders to settle with the FHFA after the agency sued the lenders in 2011 to recoup U.S. taxpayer costs following the government's $188 billion bailout of Fannie Mae and Freddie Mac in 2008. e other 16 lenders have paid about $24 billion to settle claims, including $9.3 billion paid by Bank of America in March 2014. About 1.5 percent of all U.S. residential homes with mortgage were in some state of foreclosure in November 2014, a decline from 2.2 percent in November 2013, according to CoreLogic. KNOW THIS Rogers Townsend & Thomas Elects Two Shareholders Rogers Townsend & Thomas has announced that default services attorneys Robert P. Davis and Michael L. Spicer have been elected shareholders in the firm. Davis serves as the South Carolina operations attorney for the firm's default services department in the Columbia, South Carolina office. He manages the firm's large default services staff in South Carolina. Davis concentrates his practice in real estate, evictions, contested foreclosures, and many other foreclosure related issues where he represents mortgage lenders and servicers for both residential and commercial foreclosure actions. Spicer is based in the firm's Charlotte, North Carolina, office. His practice focuses on uncontested foreclosures, evictions, and other foreclosure-related litigation, and his clients include mortgage lenders, mortgage servicers, and substitute trustees in residential and commercial foreclosure-related matters and foreclosure-related litigation in North Carolina. Weltman, Weinberg & Reis Announces Election of Two New Partners Cleveland, Ohio-based default services law firm Weltman, Weinberg & Reis announced the election of two new partners for 2015, Brady J. Lighthall and Keri P. Ebeck. Lighthall and Ebeck are part of a team of approximately 85 attorneys that have been offering creditors' rights service to clients for more than 80 years. Lighthall is a managing attorney in WWR's real estate default practice group. He is licensed to practice law in Ohio, Indiana, and Kentucky, and is a member of the Indiana, Kentucky, Ohio State, and Cincinnati Bar Associations as well as the J. Reuben Clark Law Society. Lighthall is based in WWR's Cincinnati office. Ebeck, based in WWR's Pittsburgh office, practices in bankruptcy with a focus on the Consumer Bankruptcy Group and is involved with the firm's integrated real estate default group. ARMCO Announces New COO Florida-based Aces Risk Management (ARMCO) has tapped mortgage quality control expert Phil McCall to serve as COO. McCall brings more than two decades of experience in quality control, loan origination and underwriting, mortgage fraud, loss and litigation, and real-estate based transactions to the firm. Martin Joins Jordan Capital Finance as SVP of Business Development Jordan Capital Finance (JCF), a private lender backed by Garrison Investment Group, has announced that real estate and finance industry veteran Noah Martin has joined the company as Senior Vice President of Business Development. As SVP of Business Development for JCF, Martin is responsible for the firm's strategic growth, as well as ensuring continued sales growth. First Valuation Promotes Wilde to VP Less than a year after he first joined the company as national account executive, First Valuation announced this week the promotion of Jordan Wilde to the position of VP of sales and marketing. Wilde has more than 13 years of sales and management experience to his name, most notably in originations, private lending, and loss mitigation. Ellie Mae Promotes Corr to CEO Ellie Mae announced the promotion of Jonathan Corr to the position of CEO. Corr is a nearly 13-year veteran at Ellie Mae. He stepped up into the role of COO in 2011 and was named president in 2013. Before those appointments, he led Ellie Mae's product management efforts and was chief strategy officer. Global DMS VP Receives "Women of Distinction" Award Global DMS announced that Jody Collup, the company's VP of marketing, is a recipient of the prestigious Women of Distinction award from the Providence Business Journal. Women were selected for the PBJ's Women of Distinction award for their contributions to taking business to the next level in the Greater Philadelphia area.

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