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28 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. FREDDIE MAC ANNOUNCES STACR INAUGURAL ACTUAL LOSS TRANSACTION Freddie Mac announced early last month it intended to pre-market the first actual loss Structured Agency Credit Risk (STACR) of- fering starting Monday, April 13. e offering, known as STACR- 2015-DNA1, is subject to market conditions. While this STACR offering will be similar to Freddie Mac's recent STACR transactions, the difference will be that losses will be allocated based on actual losses realized on the related reference obligations as opposed to allocating losses to the debt notes based on a fixed severity approach. Freddie Mac will continue to sell the first loss and mezzanine tranches. e GSE will retain a vertical slice of each tranche sold. Freddie Mac's historical loan-level dataset is available on its website; about 17 million 30-year, fixed-rate, single- family mortgages originated between January 1, 1999, and June 30, 2013, are covered. Certain loan-level actual loss data points are now included in this information after recent updates. "We think the market of the future, where increasing amounts of credit risk will be transferred to private investors, will be actual loss based and we are excited to begin that transition with the next STACR offering," said Mike Reynolds, VP of credit risk transfer at Freddie Mac. e STACR offering an- nounced last month is Freddie Mac's inaugural actual loss transac- tion and its third transaction this year. It is the 12th STACR transac- tion overall. Freddie Mac began the STACR program in the second half of 2013 as part of the enterprise's goal of reducing risk to taxpayers by increasing private capital's role in the mortgage market. Freddie Mac has laid off a substantial portion of credit risk for more than $205 billion in unpaid balances on single-family mortgages through STACR trans- actions, according to the GSE. e structuring lead manager for the latest STACR offering will be Credit Suisse, and Citigroup will be the co-lead manager and joint bookrunner. Fabrizio & Brook Announces New Hire; Managing Shareholder Appointed Case Evaluator Troy, Michigan-based law firm Fabrizio & Brook has announced the hiring of a new attorney, Paul Poles, and the appointment of managing shareholder Jonathan Engman to sit as a case evaluator in Oakland County, Michigan. Engman, who was recognized as a top attorney in Michigan in the 2014 Crain's Super Lawyers Magazine, was appointed to a five-year term as a case evaluator. Case evaluation panels are comprised of three attorneys in the state of Michigan, with one attorney representing the plaintiff's bar, one representing the defense bar, and one neutral. Poles has five years of experience in litigation, creditors' rights, and real estate law. He earned a bachelor's degree (magna cum laude) in business administration from Wayne State University in Detroit and a Juris Doctorate from the University of Detroit Mercy School of Law. Anselmo Lindberg Oliver Name Change Reflects Addition of Partner Freedman Anselmo Lindberg LLC, a provider of default and real estate services to the mortgage industry, has announced that the name of the firm has changed to Anselmo Lindberg Oliver LLC recognizing the elevation of Doug Oliver to partner within the firm. Oliver's areas of practice include mortgage foreclosure, collections, and real estate law. VRM Mortgage Services Names New SVP of Compliance VRM Mortgage Services announced that Tiffany Fletcher has been named SVP of compliance to manage risk mitigation, compliance, internal audits, quality assurance, and vendor management initiatives. As SVP of compliance with VRM, Fletcher's responsibilities will include creating strategies and directing the implementation of compliance initiatives. Stewart Information Services Hires Chief Information Officer Stewart Information Services Corp. has announced the hire of Brad Rable as the company's chief information officer. In this role, Rable will help guide the company's information technology transformation and he will lead Stewart's information technology vision, strategy, and execution. Rable most recently served as an executive partner with Gartner Executive Programs. Clayton Holdings Taps New CEO for European Subsidiary Former CEO of Britannic Money and leading UK finance sector figure Tony Ward has been appointed as president and CEO of Clayton Euro Risk Limited. Ward joins Clayton Euro Risk from Home Funding, which he led from 2006 to 2015. During his 40-year career, he was a founder of Kleinwort Benson's innovative mortgage originating and securitization business. RedVision Appoints New National Strategic Sales Director New Jersey-based RedVision has appointed Jeffrey Geisinger to serve as national strategic sales director. Geisinger brings with him a history of developing strategic relationships within the HED industry. In his new role, he will report to EVP of sales and marketing Leanne Zinn-Cox. He has a master's degree from Robert Morris University in Pittsburgh, Pennsylvania. Schneiderman & Sherman Adds Three New Attorneys and Foreclosure Manager Michigan-based real estate law firm Schneiderman & Sherman, P.C. has added three new attorneys—Steven Jacobs (litigation manager); Elina Fonarev (associate attorney in the litigation department); and Margaret Lukshaitis (junior associate attorney in the foreclosure department); and a new foreclosure manager, Kim Kress, to the firm. Jacobs, before joining Schneiderman & Sherman, represented servicers, investors, and lenders in all aspects of court cases (motions, trials, and appeals in state and federal courts) for eight and a half years with a primary focus of mortgage banking legal issues, default servicing, and HED curative. He earned a law degree from the University of Detroit-Mercy School of Law and a bachelor's degree (cum laude) in finance and business economics from Wayne State University. Fonarev specializes in civil litigation, with areas of focus that include lien property, construction and condominium liens, foreclosure, quiet HED, mortgage reformation, and landlord-tenant actions. She has a bachelor's degree in political theory and constitutional democracy from Michigan State University, James Madison College. Lukshaitis received a bachelor's degree in history and journalism from Western Michigan University, where she graduated summa cum laude. She received her law degree from Wayne State University in May 2014. While at Wayne State, she served as an editor for the Journal of Law in Society. Kress has worked in the default, lending, and HED industries for 20 years. Her default servicing experience includes working in nearly every facet of the industry from front-end foreclosure to default litigation. As the foreclosure manager for Schneiderman & Sherman, she oversees the sale, post-sale, alternative services, and loss mitigation departments.

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