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ยป VISIT US ONLINE @ DSNEWS.COM Completed Foreclosure Actions from GSEs Slow in Second Quarter servicers for Fannie Mae and Freddie Mac completed more than 129,007 foreclosure prevention actions, raising their year-to-date total to 275,106, according to the Federal Housing Finance Agency (FHFA), the GSEs' conservator and regulator. The second quarter total is a In the second quarter of 2012, decrease from the first quarter of 2012 when the GSEs completed 146,099 foreclosure prevention actions and also a drop from the 167,629 foreclosure prevention actions in the second quarter of 2011, according to the FHFA report. Foreclosure prevention actions Movers & Shakers CONTINUED FROM PAGE 32 Default Servicing Vet Joins LOGS Network Default mortgage servicing veteran Jason Roberts joined LOGS Network as SVP of business development and acquisitions. Roberts was previously with Wilson & Associates, a default servicing firm working for clients throughout Arkansas and Tennessee. In his role at LOGS, Roberts will work with the company's senior strategic leaders to map out new and diverse services. Gerner & Kearns Announces COO Appointment Gerner & Kearns Co., LPA, named Jane Schulte COO. Schulte has been involved in legal business administration for nearly three decades. She started with Gerner & Kearns in 2004 as executive director, partnering with founder and managing partner David Gerner to spin off PRISM Title & Closing Services in 2006. In 2011, she returned to the firm as director of administration. Firefly IT Director Promoted to CIO Firefly Legal announced the promotion of former IT director Clifton Dillman to chief information officer. Dillman began his career at Firefly in 2005 as IT manager and became director of IT in 2007. During that time, he studied at DePaul University in Chicago, earning his master's degree in information technology project management in August 2012. Potestivo President Named Michigan Super Lawyer Brian A. Potestivo, president of Potestivo & Associates, earned a place on the 2012 Michigan Super Lawyers list. An experienced attorney, Potestivo founded Potestivo & Associates in 1990. From that time, he worked on growing the firm from a single-person practice to a 100-plus-person organization with three offices in two states. ISGN Adds to Executive Leadership with Three Hires Amit Kothiyal named COO of ISGN Corporation. He joins the company from Infosys BPO Ltd., where he served as a business unit head in charge of one of the largest P&Ls. The company's new chief marketing officer is Paul Imura. For nearly 20 years, Imura held include loan mods, repayment plans, forbearance plans, short sales, and other plans that offer an option outside of foreclosure. Since 2008, the start of the conservatorship, the GSEs completed nearly 2.4 million foreclosure prevention actions, 1.2 million of which included permanent loan mods. Nearly half of borrowers who senior positions with mortgage insurance companies, including Genworth, United Guaranty, and PMI Mortgage Insurance. He is also a member of the Asian Real Estate Association of America board. Badri Narrayen (not pictured) has accepted the newly created position of chief human resources officer. Narrayen has multinational human resources and business experience, having worked for financial services, consumer products, and building material companies in four countries. He is also a member of the Society for Human Resources Management. Clayton Holdings Announces Senior Managing Director of CRE Clayton Holdings, LLC, selected James Meleones to serve as senior managing director of commercial real estate services. An industry veteran of more than 30 years, Meleones will oversee all aspects of Clayton's commercial real estate practice, such as loan-level due diligence, loan and portfolio valuation, and portfolio oversight and strategy, among other duties. received a loan mod saw monthly payments reduced by more than 30 percent. In addition, modified loans Seasoned Mortgage Executive Lands at Decision Ready Bill Garland joined Decision Ready as EVP of strategic relationships and business development. maintained strong performance with 13 percent of loans modified in the third quarter of 2011 re- defaulting into 60-plus delinquency status. For the seventh straight month, REO inventory declined as more properties exited the stock of inventory than entered. Property dispositions stood at 74,743 while property acquisitions were fewer at 63,816 in the second quarter. Overall, REO inventory at the Garland has years of experience in leadership positions, serving most recently as SVP of ISGN Lending Solutions, where he managed client relations and business development for IT services. He also held SVP positions at Fiserv Lending Solutions and Fidelity Hanson Quality. Genworth Financial Adds Two to U.S. Mortgage Insurance Unit Genworth Financial, Inc., announced changes to the company's personnel designed to strengthen the leadership of its U.S. mortgage insurance unit. John Clifford was promoted to SVP of commercial operations, where he is responsible for products, account development, marketing, commercial analytics, and sales support and training. Matt Young rejoined Genworth's U.S. unit from a VP position at Wells Fargo Home Mortgage, where he led several regional sales teams in his six years with the bank. Young was fomerly a regional VP of sales at GE Mortgage Insurance, which later became Genworth's U.S. mortgage insurance unit. He joined GE in 1990 and held several leadership roles in the organization. He graduated from Michigan State University with a bachelor's degree in logistics management and earned his MBA from Miami University. end of the second quarter totaled 162,537, down from 173,464 in the first quarter of this year and 196,318 in the second quarter of 2011. Default Operations Expert Joins Vericrest David Slear joined Vericrest Financial, Inc., as SVP of default services, focusing on building and expanding the company's home preservation programs while working to maintain the highest levels of compliance and satisfaction. Slear was previously an officer in the United States Navy. He also spent almost 10 years with HSBC's mortgage and consumer default operations. 33