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26 Treasury Lowers Q1 Borrowing Estimate by $54 Billion e U.S. Department of Treasury's borrowing estimate for the first quarter of 2015 is about 25 percent lower than its original prediction issued two months ago, according to an announcement from Treasury released early last month. Assuming a balance of $100 bil- lion at the end of March, Treasury said it expects to issue $155 billion in net marketable debt for the first quarter of this year. at figure is $54 billion lower than the original estimate of $209 billion (assuming the same end-of-March cash bal- ance of $100 billion) which Treasury released in November. Treasury attributes the lower borrowing to changes in cash bal- ance assumptions and lower outlays, according to the announcement. For the second quarter of 2015, Treasury said assuming a cash balance of $150 billion at the end of June, it expects to pay down $7 billion in net marketable debt. At the end of the fourth quarter of 2014, Treasury had a cash bal- ance of $223 billion, after issuing $227 billion in net marketable debt during the quarter. Treasury had about $232 billion in net marketable debt at the end of November 2014 and assumed a cash balance of $200 billion by the end of December. Treasury said a lower financing need and more cash from other sources, partially offset by a higher ending cash balance for the quarter, were responsible for the decrease in borrowing for Q 4 2014. North Carolina Publications Honor Hutchens Law Firm Attorneys Three attorneys from North Carolina-based default services firm Hutchens Law Firm were recently recognized for their work, according to announcements from the firm. Two of the attorneys were named to Thomson Reuters' 2015 North Carolina Super Lawyers lists. Terry Hutchens, the firm's founder and managing partner, was named one of North Carolina's Top 100 Super Lawyers, and partner Hilton T. "Hutch" Hutchens Jr. was named to the 2015 North Carolina Rising Stars list. Christopher D. Foster, an attorney with Hutchens Law Firm, has been named a 2015 Legal Elite in the areas of Tax Estate/Planning and Young Guns for Business North Carolina (BNC) magazine. Only lawyers whose peers believe they are among the state's best practitioners receive Legal Elite designation, and only those considered to be the state's best up and coming lawyers are named Young Guns. 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. Fabrizio & Brook Announces New Appointments Michigan-based default services law firm Fabrizio & Brook, PC, has announced the addition of attorney Cheryl D. Cook to its litigation team and the promotion of Stefan Zaryczny as the firm's director of information technology. Cook brings more than 18 years of litigation experience with creditors' rights, asset recovery, lending, and real estate law to the firm. Her experience includes complex litigation involving both secured and unsecured transactions at both the state and federal levels as well as loan restructuring and collecting both consumer and commercial debt. Zaryczny has a bachelor's degree from Oakland University (located in Rochster, Michigan) in Management Information Systems. He will be based in Fabrizio & Brook's headquarters in Troy, Michigan, and will oversee all of the firm's IT operations. Indecomm Global Services Welcomes New VP of Sales Business process outsourcing, learning, and technology solutions provider Indecomm Global Services, which houses corporate headquarters in both New Jersey and India, has announced the hiring of mortgage banker Linda Bomar as vice president of sales. As VP of sales for Indecomm, Bomar will oversee the sales of Indecomm's outsourcing, risk management, learning, and software services. Wilson & Associates Names New Shareholders, Hires CFO/COO Real estate default services law firm Wilson & Associates has named three new shareholders and hired a new chief financial officer and chief operating officer. Randy Bueter, Shellie Wallace, and Aaron Squyres have been named shareholders in the firm. Bueter, a native of Little Rock, Arkansas, has an undergraduate degree from Washington University in St. Louis and a juris doctor from the University of Arkansas at Little Rock School of Law. He has been admitted to both the Arkansas Bar and the Tennessee Bar. He is also an Arkansas Resident HED Agent, and his experience is in real estate litigation. Wallace received a juris doctor from the University of Arkansas at Little Rock School of Law and a bachelor's from Arkansas Tech University. She is a member of both the Arkansas Bar and the Tennessee Bar. Her practice areas are focused in real estate and creditors' rights, and she has significant experience in consumer protection litigation, legislation, and administrative procedures. Squyres has a bachelor's from the University of Arkansas at Fayetteville and a juris doctor from the University of Arkansas School of Law, and is a member of both the Arkansas Bar and Tennessee Bar and is a member of the Bar Associations in both states. He is a Master of the Bench of the Henry Woods Inn of Court, and his primary area of law practice is in mortgage banking litigation. James L. (Jim) Acuff has was named the CFO and COO of Wilson & Associates. Acuff has an accounting degree from Lipscomb University and a master's from Tennessee Tech. He has more than 27 years of experience with growth-oriented middle market companies. CONTINUED ON PAGE 28 The first mortgage default index was 1.02 percent in January, the same as in December, according to the S&P/ Experian National Default Indices. KNOW THIS

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