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» VISIT US ONLINE @ DSNEWS.COM 7 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff TAKE A LOOK INSIDE THE NUMBERS D ATA B I T S Fannie Mae and Freddie Mac have completed 3.4 million foreclosure prevention actions since they were taken into conservatorship in September 2008 (as of Q4 2014), according to FHFA. In February, the average days delinquent for a loan in the foreclosure process declined to 1,004 from a high of 1,024 in October 2014, according to Black Knight Financial Services. ADMINISTRATION NAMES HUD SENIOR ADVISER GOLDING AS NEW LEADER OF FHA PAGE 42 INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM Source: CoreLogic (as of February 2015) Source: CoreLogic (as of February 2015). Percentages include distressed sales. COUNSEL'S CORNER WITH Michael L. Zevitz STATES WITH THE LARGEST YEAR-OVER-YEAR HOME PRICE APPRECIATION 1 Colorado 9.8% 2 South Carolina 9.3% 3 Michigan/Texas 8.5% 4 Wyoming 8.4% 5 New York 8.2% 6 North Dakota 7.7% 7 Nevada 6.9% 8 Georgia 6.5% 9 Florida/South Dakota 6.4% 10 Mississippi/Washington 6.3% State Percentage Ranking STATES WITH HOME PRICES FURTHEST FROM PEAK VALUE 1 Nevada -35.4% 2 Florida -32.4% 3 Rhode Island -29.6% 4 Arizona -28.4% 5 Connecticut -24.7% 6 Illinois -23.4% 7 New Jersey -21.7% 8 New Mexico -19.1% 9 Michigan -17.8% 10 Idaho -17.6% Ranking State Percentage Edward Golding, a senior adviser at the U.S. Department of Housing and Urban Development (HUD), was named by the White House as the leader of the Federal Housing Administration (FHA), according to HUD. Sources at HUD told DS News that Biniam Gebre will step down from his role as acting commissioner of FHA and that Golding will take over the duties of that office. HUD confirmed Golding's new title will be principal deputy assistant secretary. "Ed Golding is fantastic and I am excited he is taking over from me," Gebre said Tweeted. Gebre, who has been with HUD since July 2013, had been serving as the acting commissioner of FHA since October 2014 following the departure of Carol Galante. HUD Secretary Julián Castro said Gebre will join HUD Deputy Secretary Nani Coloretti's team as a senior adviser. "First, I want to thank Biniam for the outstanding work he's done to help families across the nation achieve their housing goals and dreams," Castro said. "During his tenure, the FHA's MMI fund turned positive and is on a strong track to continue growing stronger. FHA also made important strides in making homeownership more affordable and in expanding access to credit for hard- working, responsible families. rough it all, Biniam has served our Department with distinction, and I know he'll continue to make vital contributions in the Office of the Deputy Secretary." Golding, who joined HUD in June 2013, held several senior positions during a 23-year tenure with Freddie Mac, including SVP of economics and policy, program executive of Making Home Affordable, SVP of economics and strategic analysis, and SVP of capital oversight and economics. He joined Freddie Mac as a senior economist in 1989. He has an A.B. in applied mathematics from Harvard College and a Ph.D. in economics from Princeton University. "Second, I would like to express my gratitude to Ed for taking on these new responsibilities as principal deputy assistant secretary," Castro said. "He has worked in the housing industry for over 25 years, including for the past two years at HUD and previously at the Urban Institute. Ed brings a wealth of knowledge and insight to his new role. Ed has been an invaluable adviser to me during my time as Secretary, and I'm confident that his experience and vision will be an incredible asset to FHA and the Office of Housing. We are fortunate to have these fine public servants on our HUD team, and I'm convinced they're ready to take on these new roles with the same energy, enthusiasm and excellence that they've always brought to their work." SHAREHOLDER AND MANAGING ATTORNEY FOR SOUTHLAW, P.C. "Ed Golding is fantastic and I am excited he is taking over from me." — Biniam Gebre

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