Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.
The Federal Reserve Bank of New York  announced that John C. Williams has been named President and CEO. His appointment by the eligible members of the New York Fed’s Board of Directors was approved by the Board of Governors of the Federal Reserve System. Williams will begin on June 18, 2018. Current President William C. Dudley’s last day will be June 17.
Williams is currently the President and CEO of the Federal Reserve Bank of San Francisco, a role he has had since March 1, 2011, when he succeeded former Federal Reserve Chair Janet Yellen. The San Francisco Fed is responsible for the Twelfth Federal Reserve District, the largest by geography and population. Among the unique roles of the San Francisco Fed is oversight of the Federal Reserve System’s Cash Product Office, which is responsible for nationwide cash distribution processes. It also sponsors the Center for Pacific Basin Studies, which promotes cooperation among central banks in the Asia-Pacific region, and the Center for Community Development Investments, which serves as a national clearinghouse for Community Reinvestment Act investment opportunities across the country and promotes research and dialogue in the field.
Freddie Mac  announced that Christopher E. Herbert was elected as a director on the company’s board of directors. Herbert, 57, has extensive experience relating to housing policy and urban development.
“We are very pleased that Chris is joining the Freddie Mac Board,” said Christopher S. Lynch, Freddie Mac’s Non-Executive Chairman. “His deep understanding of housing issues and policy will help the Board advance Freddie Mac’s mission to support the stability of the housing market and promote housing affordability.”
Herbert has been the Managing Director for Harvard University’s Joint Center for Housing Studies and a lecturer in Urban Planning and Design at the Harvard Graduate School of Design since January 2015. Prior to his appointment as Managing Director, he served as Research Director from 2010-2014 and was a Research Analyst from 1993-1997. From 1997 to 2010, Herbert was a Senior Associate at Abt Associates, Inc.
MountainView Financial Solutions , a Situs company and an advisor to the financial services industry, announced its role as the exclusive sale advisor for a pool of 1,667 first- and second-lien performing and non-performing loans with a total balance of $97.4 million. MountainView is accepting indicative bids for the offering until 2:00 p.m. EDT on April 3.
The pool is being segmented into four sub-pools: 1,060 second-lien performing loans with a total balance of $47.9 million; 294 first-lien performing loans with a total balance of $28.4 million; 265 secured, second-lien non-performing loans with a total balance of $15.4 million; and 48 first-lien non-performing loans with a total balance of $5.7 million. Bidders have the flexibility to bid on the entire pool or any of the four sub-pools.
"It's rare to see such a large amount of second-lien performing loans in the market, so we expect a high level of interest in this sub-pool from banks and other frequent buyers of seconds," said Jonas Roth, a Managing Director at MountainView and one of the lead advisors on the sale. "We also expect aggressive competition for the other sub-pools from investors who focus on specific product types. Due to high demand, seasoned residential assets, whether performing or non-performing, are getting bid to record low-level yields."
RoundPoint Mortgage Servicing Corporation  (RPMS), one of the nation's largest non-bank mortgage servicing companies, has announced its addition of five executive-level mortgage servicing professionals to its senior management team.
Michael Shidler has been hired as VP of Claims & Loss Management and is responsible for RPMS’ Default Claims Division located in Dallas. Shidler most recently served as VP of Default for Mr.Cooper (formerly Nationstar Mortgage) and holds over 20 years of mortgage servicing experience. Frank Ciesielski has been hired as VP of Servicing Transfers and will be operating out of RPMS’ Dallas office. For the last four years, Ciesielski has served as VP of Acquisitions, Loan Modifications, and Portfolio Management for Mr. Cooper. Chalise Freitag also joins the Dallas operation as VP of Corporate Compliance. Her 12 years of legal experience include serving as General Counsel, SVP for ClearSpring Loan Services, Inc. Serving as VP of Marketing is Roman Vega. Prior to joining RPMS, Vega worked as VP of Marketing for Cardinal Financial Company, LLC, Senior Category Director - Basketball for Under Armour. RPMS has also hired Ronda Schrader as VP of Investor Reporting, where her primary responsibilities are to manage the Investor Reporting operation and staff located in the Charlotte office. Schrader previously worked at TruHome Solutions managing investor reporting, cash and mortgage insurance.
Bethesda, Maryland-based Walker & Dunlop, Inc . has hired a new, multifamily-focused investment sales team in Boston, Massachusetts. The team allows the continued expansion of the company’s banking and brokerage platform in pursuit of its mission to build the premier commercial real estate finance company in the United States. Managing Directors Michael Coyne and Travis D’Amato join Walker & Dunlop from Jones Lang LaSalle (“JLL”), where they led the multifamily Capital Markets presence in the New England region. While at JLL, they originated approximately $3 billion worth of sales, financing, and equity placements.
“We are thrilled to welcome this extraordinary team of investment sales professionals to Walker & Dunlop,” commented Kris Mikkelsen, COO, and MD of Walker & Dunlop Investment Sales. “Michael and Travis are highly regarded by large owners of commercial real estate and have the client base, track record, and personal character to be wonderful additions to the Walker & Dunlop team.”