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28 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. FORMER YAHOO! CFO NAMED NEW CEO OF AUCTION.COM Auction.com named the company's former chief financial officer and interim CEO Tim Morse as CEO of the company while Auction.com co-founder Jeff Frieden will stay on with the company as executive chairman. Morse, who holds a degree in finance and operations & management from Boston College, joined Auction.com in May 2014 and has been serving as the company's CFO. He has served as CFO for several companies, including Yahoo!; online advertising start-up Adap.tv, which was acquired by AOL; Altera Corporation, a maker of programmable logic semiconductors based in San Jose; and GE Plastics, where he also served as general manager of business development. Morse held several positions of increasing responsibility during his 15 years with the General Electric Company. He has also been a member of the board of directors of Alibaba Group. Since being founded in 2007, Auction.com has sold more than 165,000 residential and commercial properties totaling more than $30 million. e company has been growing steadily in the last eight years; in 2014 alone, more than 49,000 properties were sold through Auction. com's platform. "is is an exciting time in the company's history, as we begin to move into the residential and commercial retail markets, and complete our transition from an auction company to a true online marketplace, leveraging internet technology to deliver a much better experience for buyers, sellers, and real estate professionals," Morse said. "Jeff is a visionary and an extraordinary entrepreneur who took a brilliant idea and built it into a company disrupting a $1.6 trillion industry. I'm honored to take on the role of Auction.com CEO, and am humbled that Jeff has entrusted me with the company he created." STEGMAN NAMED TOP HOUSING ADVISER FOR OBAMA ADMINISTRATION Michael Stegman, the now former counselor to the Secretary of the U.S. Department of Treasury for Housing Finance Policy, steps into a new position in the White House as he joins the National Economic Council (NEC). Stegman, who has been with Treasury for four years, will be the top housing adviser for the Obama Administration in his new position with the NEC. He will be replacing Seth Wheeler. During his four years with Treasury, Stegman played a key role coordinating Treasury's activities relating to the development of housing finance policy. Two areas in which his efforts were concentrated was expanding credit access for mortgages and GSE reform, according to the report. "In nearly four years at Treasury, Michael Stegman has been a critical part of the Administration's effort to put our housing market on stronger footing, and I am grateful for his tireless work to help reform our housing finance system in a way that strengthens our economy, protects taxpayers, and expands access to credit for hardworking Americans," Treasury Secretary Jack Lew said in a statement emailed to DS News. While he will be missed at Treasury, the President and our country will continue to benefit from his continued service at the White House where his thoughtfulness, intellect, and good humor will be valued." Before joining Treasury, Stegman was the MacRae Professor of Public Policy, Planning, and Business at the University of North Carolina at Chapel Hill and the Chairman of the Department at Public Policy and founding director of the Center for Community Capitalism. He has a BA from Brooklyn College, City University of New York, and both a Masters and PhD in city planning from the University of Pennsylvania. FREDDIE MAC ANNOUNCES HIRING OF NEW CHIEF ECONOMIST Freddie Mac recently announced that Sean Becketti, an executive with broad experience in the private sector, government, and academia was selected to be VP and chief economist for the GSE, according to a press release. Becketti brings extensive mortgage market research, modeling, and analytics experience to his new role at Freddie Mac, the GSE said. In his role as chief economist, he will be expected to lead a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting Freddie Mac. He also holds a master's and Ph.D. degree from Stanford University and a bachelor's degree from University of California-Santa Cruz. "Sean is a seasoned economist who brings a great deal of experience in economic analytics, modeling, financial engineering and risk management," said Jerry Weiss, Freddie Mac EVP and chief administrative officer. "Freddie Mac and our customers will benefit from Sean's deep knowledge of the housing finance industry as our company builds a stronger, more efficient mortgage market for the future." Prior to his new position, Becketti was SVP and head of modeling and analytics for Flagstar Bank, the GSE said. He also headed up a 70-person team of modelers, analysts, and developers for Fannie Mae's applied research function. Becketti also has experience in senior executive roles with Washington Mutual and Wells Fargo where he led research functions focused on mortgage markets and capital markets. He also worked for Freddie Mac previously from 1996-2001 in several senior financial and analytical roles. Earlier in his career, he served as senior economist with the Keep up with who's doing what and who went where

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