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ยป VISIT US ONLINE @ DSNEWS.COM FHFA Expresses 'Significant' Concern over Eminent Domain Proposal to warn of the controversial use of eminent domain recently proposed in San Bernardino County. In San Bernardino County, FHFA issued a notice in August Movers & Shakers CONTINUED FROM PAGE 52 NDeX Names New Officers National Default Exchange (NDeX) has appointed a new CEO and COO. Scott Goldstein was selected as CEO. Goldstein served as president and CFO of NDeX and its predecessor company since September 2008. He also held executive positions with the real estate finance law firm Trott & Trott, P.C. He is a member of a number of industry trade groups and currently serves on the Federal Reserve Bank of Chicago Advisory Council. The company chose John Smith as COO. A 14-year veteran in the mortgage servicing industry, Smith is responsible for operational oversight and will help drive the strategic direction of the company. He is also charged with overseeing and managing day-to-day NDeX operations. Prior to joining NDeX, Smith spent more than 14 years in the mortgage servicing industry, most recently as VP of default servicing for CitiFinancial Mortgage. officials are considering the use of eminent domain to seize underwater mortgages. The mortgages would be taken at fair market value and then restructured into new loans with terms reflecting the current market. Chicago and Berkeley are also exploring the proposed use of eminent domain. In the notice, which was sent to the Federal Register, FHFA stated it had "significant concerns about the use of eminent domain to revise existing financial contracts and the alteration of the value of enterprise or bank securities holdings." FHFA said that in relation to Fannie Mae and Freddie Mac, the use of an eminent domain program could result in a cost to taxpayers. FHFA also stated significant concerns regarding a "chilling effect on the extension of credit to borrowers seeking to become homeowners and on investors that support the housing market." As conservator for the GSEs Management Vet to Oversee Strategic Growth at Hammerhouse Hammerhouse, LLC, hired Sheri Ellen Schwartz as VP and senior strategic growth partner. Schwartz's 20-plus years of management experience include serving as human resources manager at Kinko's Inc. and regional trainer for 35 branches in the Los Angeles area. Since 2000, she has worked with regional and national mortgage bankers and depositories. Union National CEO Nominated as MBA Vice Chair The Mortgage Bankers Association (MBA) nominated Bill Cosgrove as vice chair-elect. Cosgrove currently serves as president and CEO of Union National Mortgage Company. As a longtime MBA member, he has served on the association's board of directors as well as several committees. He was the 2011 recipient of MBA's Burton C. Wood Legislative Award. WWR Adds Three More to Real Estate Default Group Leadership Team Weltman, Weinberg & Reis Co., LPA., (WWR) added three to its Real Estate Default Group (REDG). Ryan Stewart holds more than 20 years' banking and real estate experience and is tasked with managing the real estate default operations of REDG in the Cleveland and Detroit offices. In Cleveland, he also oversees overall foreclosure workflow. With more than 20 years' experience in mortgage servicing, Michele Stockdale is director of REDG. Her previous employers include JPMorgan Chase, National City Bank, ABN Amro, and Washington Mutual. She currently chairs the Mortgage Bankers Association's Fannie Mae working group. A 25-year veteran of the financial services industry with a track record of increasing overall efficiency in the foreclosure process, Peggy Fairbrother (not pictured) joins WWR as associate director and manages REDG in the Ft. Lauderdale, Florida, office. Long & Foster Associate Made Realtor Emeritus by NAR Long & Foster Real Estate, Inc., recently announced that Leroy Houser earned Realtor emeritus status from the National Association of Realtors. Houser, a sales associate in Long & Foster's Stony Point office in Richmond, Virginia, earned Realtor Emeritus status in recognition of more than 40 years of service to the real estate community. and as a regulator for Federal Home Loan Banks, FHFA stated it may need to take action "to avoid a risk to safe and sound operations and to avoid taxpayer expense." Along with concerns, the agency also raised several questions, including the constitutionality of the proposed use of eminent domain, the effects on holders of existing securities, and the impact on millions of negotiated and performing mortgage contracts. FHFA said it will accept input on the topic through September 7 through its Office of General Counsel (OGC). Email feedback to eminentdomainOGC@fhfa. gov or send to FHFA OGC, 400 Seventh Street SW., Eighth Floor, Washington, D.C., 20024. Input may be made public. Interthinx Hires Two VPs Interthinx added two executives to its team. Jim Portner joined as VP of product solutions. With 25 years' experience in product development and product management, Portner is responsible for determining the overall strategic direction and execution for all products within the Interthinx origination solutions market segment. Nick Volpe was selected as VP of capital markets and servicing. In his new role, Volpe is charged with leading Interthinx product development, product marketing, and program management teams for the loss forecasting, loan review solutions, surveillance, regulatory compliance, and rescission services product lines. He has more than 16 years' experience in the diversified financial services industry, working with various customer segments. Titanium Holdings Announces New CFO Titanium Holdings, Inc., announced hiring Richard W. Sander Jr. as the company's CFO. Prior to joining Titanium Holdings, Sander served as VP of finance at ProVest LLC, a legal support services firm based out of Tampa, Florida. Before that, he spent 20 years in media and communications, working most recently at Comcast Cable Communications as division SVP of finance. RealtyTrac Brings on Data Licensing VP RealtyTrac has tapped Lauren Guzak as its new VP of data licensing. Guzak was previously director of strategic relations at DataQuick. At RealtyTrac, she leads the company's data licensing operation, which is expected to expand with its recent acquisition of online data aggregator Homefacts. Guzak earned her bachelor's degree in international studies from the University of Washington. 53