DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/85814
Movers & Shakers CONTINUED FROM PAGE 33 New CEO Appointed to Lead Barclays Bank Barclays Bank appointed Antony Jenkins as director and CEO. Jenkins succeeds former CEO Bob Diamond, who was one of several officers that resigned in the wake of a rates manipulation scandal. Jenkins started his career at Barclays in 1983. He moved up the ranks to become CEO of Barclaycard and joined the Barclays Executive Committee in 2009. RE/MAX CEO Named Leading Real Estate Businesswoman RE/MAX CEO Margaret Kelly took the stage in Denver after being named the leading businesswoman in real estate by the Denver Business Journal. Kelly started with RE/MAX in 1987, eventually accepting a position as the company's CEO in 2005. She serves as RE/MAX's national spokeswoman and has worked to expand the company's global presence to more than 85 countries. Three Trott & Trott Attorneys Become Partners Trott & Trott, P.C., announced the promotions of three attorneys to the status of partner. Heide Myszak first joined the firm in 2001 and served as a senior attorney in its title department for nearly five years before becoming partner. She received her bachelor's degree from Michigan State University and earned her Juris Doctor from the Thomas M. Cooley Law School. She is also a member of the State Bar of Michigan Real Property Law Section. John Kapitan started working for Trott & Trott in 2002 and has legal experience in the areas of bankruptcy, bankruptcy litigation, bankruptcy reorganization, and commercial bankruptcy. Kapitan earned his bachelor's degree in aviation management from Oklahoma State University and received his Juris Doctor from Michigan State University, where he graduated cum laude. Kim Rattet has been with Trott & Trott since 2002, starting as a staff attorney and becoming supervising attorney in 2003. Rattet earned a bachelor's degree in biology from Eastern Connecticut State University and pursued her master's degree in forensic science from the University of New Haven. She received her Juris Doctor from the Thomas M. Cooley Law School, where she graduated magna cum laude. Trott & Trott is a Farmington Hills, Michigan-based law firm, providing loss mitigation solutions and related services to the real estate finance and mortgage banking industries. Senior Litigation Counsel Joins Jackson and Associates Jackson and Associates, Inc., has found new senior litigation counsel. Donna L. La Porte has nearly 30 years' experience representing financial institutions, mortgage bankers, and servicers. She completed her undergraduate studies magna cum laude at the University of Utah and earned her law degree from the University of Utah's S.J. Quinney College of Law. Mortgage Contracting Services Announces Executive Promotions Mortgage Contracting Services, LLC, (MCS) recently announced several promotions. Chad Mosley became SVP of business development. Mosley joined MCS in 2008 as assistant VP of business development and later worked as VP of operations before moving back to business development in 2011. He earned his bachelor's degree from the University of Texas at Dallas. Matt Jones was promoted to assistant VP of operations. Jones joined MCS in 2008 as an asset preservation coordinator and was promoted to team lead the following year. He made director in 2011. He is credited with creating a reporting system to enhance day-to-day workflow and communication, which was adopted company-wide. In his new role, he oversees the inspections team and works to refine and develop inspection reporting processes. Nicole Saraceni also moved up to assistant VP of operations. Saraceni joined the firm in 2008 as an asset preservation coordinator, eventually becoming team lead and director of her group. At MCS, she has worked on pre-sale client teams with a focus on the company's Federal Housing Administration conveyance processes. She's also worked with IT on special projects. In her new role, Saraceni will continue to focus on her previous fields and will contribute to the company's property preservation services and technology platform. Ocwen Hires Government Relations Expert Jill A. Showell joined Ocwen Financial Corporation as SVP of government and community relations. Showell possesses more than 25 years' experience in public policy, government relations, and consumer outreach. Most recently, she was VP of government relations for PMI Group, managing relationships with Congress, regulatory agencies, and housing trade associations. New VP to Lead Marketing for Independent Community Bankers of America Andrea Bona joined the Independent Community Bankers of America (ICBA) as VP of marketing. Bona has more than 20 years of multi-channel marketing, branding, and publishing experience. She was previously founder and managing partner of One Orange Feather Inc. and VP of strategic marketing for the Mortgage Bankers Association. CONTINUED ON PAGE 35 34 FDIC in the second quarter, down from 772 in the "problem" banks identified by the Number of first quarter and the fewest cited since the fourth quarter of 2009. Source: FDIC homes in pre-foreclosure during the second quarter, a decrease of 10 percent from Q1 and a 9 percent decrease from a year earlier. Out of all sales in the second quarter, 11 percent were counted as pre- foreclosure sales. Pre-foreclosures sold for a price that averaged 26 percent below non-foreclosure homes, compared to an average discount of 18 percent a year earlier. Pre-foreclosure homes sat on the CONTINUED FROM PAGE 33 Third parties bought 107,298 market longer and took an average of 319 days to sell after starting the foreclosure process, compared to 306 days in the previous quarter and 245 days in the second quarter of last year. REOs in the second quarter, a 13 percent decrease from the previous quarter and a 31 percent plunge from the second quarter of 2011. REO sales made up 12 percent of all sales in the second quarter and had an average sales price of $155,892. REOs sold at a 37 percent discount compared to non-foreclosures, down slightly from 38 percent for the same period last year. Third parties bought 117,131 STAT INSIGHT