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» VISIT US ONLINE @ DSNEWS.COM 81 budget package should provide a boost to economic activity, he said. "Not only does this budget package reduce uncertainty about the budgetary outlook, but its extension of a number of tax breaks and easing of the caps on domestic and military spending means that fiscal policy in 2016 will likely turn somewhat stimulative," Dudley said. On whether or not there will be more increases to the federal funds target rate fol- lowing December's long-awaited rate hike, Dudley stated that there are "no surprises here—it depends on the data." He reiterated what the FOMC statement said in December that normalization of monetary policy will be gradual—but he stressed there is no commit- ment to raise the rates. NEW JERSEY Hladik, Onorato & Pearlstine Merges with Federman & Associates Hladik, Onorato & Pearlstine, a mort- gage default litigation and governmental services law firm headquartered North Wales, Pennsylvania, has announced a merger with Federman & Associates, a boutique firm that specializes in all aspects of mortgage default services, in an effort to expand its practice in the Pennsylvania and New Jersey markets. e merged firm will be known as Hladik, Onorato & Federman, LLP, and will be known under the trade name of HOF Law Group. e principals for HOF Law Group are Stephen M. Hladik, David C. Onorato, and omas M. Federman. HOF will operate offices in the Philadelphia area, Marlton, New Jersey, and Phoenix, Arizona. "I am incredibly excited about this new venture," said Federman, who has almost a quarter-century of default servicing experi- ence. "e considerable synergies between the two firms will allow us to serve our clients with exceptional resources, efficiency, and responsiveness." Hladik and Federman, with combined ex- perience totaling more than 45 years handling all aspects of foreclosure, bankruptcy, eviction, REO, and loss mitigation, will manage HOF's Default Services Group. Federman began his residential mortgage default servicing career in the early 1980s performing on-side property preservation. Over the years, he has practiced law in Rome, Italy, been an equity partner at a large Pennsylvania-based creditor's rights firm, founded his own firm, and represented most of the country's major mortgage investors and servicers. Hladik has served as Senior Penn- sylvania Deputy Attorney General and as the head of the Pennsylvania Attorney General's Harrisburg Office for Consumer Protection. roughout his career, he has handled cases on a nationwide basis in front of many regulatory bodies. He has an extensive background with compliance issues. "We are delighted to merge with Federman & Associates," said Dave Onorato, who has 33 years of litigation, zoning, land development, and municipal experience. "We can now lever- age our success as a mortgage litigation firm by merging with a derault services firm and use our combined experience to enhance all of our client relationships. We look forward to sup- porting and expanding our national footprint with our deeper resources." "is merger not only enhances our com- mitment to serve our clients in Pennsylvania and New Jersey, but it also strengthens our national litigation presence with a team of attorneys who are perfectly aligned with us," Hladik said. PENNSYLVANIA SingleSource Property Solutions Merges With iMortgage Services SingleSource Property Solutions, a national provider of valuation, REO, title, and property preservation services, recently announced that the company has merged with iMortgage Ser- vices, a Pittsburgh-based firm that performs appraisal management, as well as title and settlement services. SingleSource Property Solutions will remain the name for the merged company, and it will be based in Canonsburg, Pennsylvania. Brian Uffelman, previously CEO of iMortgage Services, becomes chairman of the board, while Brian Cullen remains CEO of the new SingleSource. Andre Lacouture remains President of SingleSource, and Ed Austin, iMortgage Services' CEO and Chief Marketing Officer, becomes SingleSource's COO. SingleSource now employs nearly 300 people, and the management teams from both companies will remain intact. "Since their inceptions, the two companies have had common ownership and have been providing lenders, servicers and various other clients with non-competing services," Uffel- man said. "Because the companies' service lines complement each other, they have few mutual clients. As a result of this fortunate situation, our board of directors determined it made sense to streamline administrative func- tions and bring two outstanding brands under a single name to create one of the country's largest privately held vendor management companies." "e sky is the limit for the new Single- Source," adds Cullen said. "Our scalability will allow us to increase market share by cross-sell- ing services as we continue to provide clients with the custom solutions and personalized attention they have come to expect from us. is development reflects a growing trend toward consolidation throughout the industry to help mortgage service companies achieve economies of scale." New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com Pennsylvania's serious delinquency rate as of the end of November 2015. The national average for the month was 3.3 percent. Source: CoreLogic STAT INSIGHT 4.2%

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