MReport December 2021

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8 | M R EP O RT MCROWD GOVERNMENT KATRINA JONES The Federal Housing Finance Agency (FHFA) has an- nounced the appointment of three people to permanent executive positions within the agency. Firstly, Acting COO Katrina Jones was named the permanent COO of the agency. Jones, who has been the acting COO since August, brings 35 years of federal experience to the table and has been with the FHFA since 2008 serving as a Contract Officer and Associate Director for Agency Operations. "Katrina has ably demonstrated the leadership and business acumen to successfully oversee the Agency's support operations," FHFA Acting Director Sandra L. Thompson com- mented. According to the press release, Jones has years of experience managing the FHFA's operations in various positions including building operations, physical and personnel security programs, emergency and disaster readiness, space utiliza- tion management, mail operations, logistics, contract management, and conference planning. Next, Charles Yi has been hired by the FHFA its Senior Advisor for Legal Affairs and Policy. In addition to pro- viding counsel to the Acting Director, he will provide "expertise, guidance, and coordination in recommending actions to ensure the agency's goals and obligations are met." "Charles is an accomplished and knowledgeable legal professional, and I look forward to working with him to advance FHFA's important mission," Thompson said. "His expertise with legal issues related to finance and housing will support the Agency's capacity to ensure the Agency's regulated entities serve as the backbone of a fair, equitable, and sustainable housing finance system." With nearly 20 years of legal experience in the public and private sectors, Yi most recently worked at Arnold & Porter Kaye Scholer LLP as a Partner and served as General Counsel at the Federal Deposit Insurance Corporation from 2015- 2019. A former officer in the U.S. Army, he has "provided counsel to lawmakers on the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, most notably for the Dodd–Frank Wall Street Reform and Consumer Protection Act and the Housing and Economic Recovery Act." Yi was also Deputy Assistant Secretary for Banking and Finance at the U.S. Treasury Department where he assisted in the implementation of provisions under the Dodd-Frank Act. Finally, Daniel E. Coates, Ph.D., has been named Deputy Director for the Division of Research and Statistics. After earning his Ph.D. in econom- ics, Coates worked as an Economist at the U.S. General Accounting Office and the Federal Housing Finance Board before being named Senior Associate Director at FHFA, where he led a team of economists and financial analysts. According to the press release, his team was respon- sible for targeted credit and market risk examinations to support FHFA's examinations of the Federal Home Loan Banks. Coates is also the Chairman of the FHFA Reference Rate Transition Steering Committee and is the FHFA representative to the Alternative Reference Rates Committee for the Federal Reserve Board and the New York Federal Reserve. "Lynn was instrumental in standing up DRS, and I value her contributions to expanding the Agency's research and analytic capacity," Thompson concluded. "I look forward to Dan's continued leadership of the division as it produces high quality data and research in support of FHFA's objec- tives. Charles, Dan, and Katrina will bring experience and commitment to their work supporting FHFA's mission." LENDERS SUE BARBER Wells Fargo & Company has named Sue Barber as National Sales Manager, leading the company's Home Lending Distributed Sales team. Barber, who held the role on an interim status since June 2021, will report to Kristy Fercho, Wells Fargo's head of Home Lending, and will oversee approximately 3,700 members of Wells Fargo Home Lending's Distributed Sales force. "The National Sales Manager posi- tion is among the most important and impactful in our organization," Fercho said. "As the leader of our Distributed Sales team, Sue will be responsible for ensuring that our best-in-class team is equipped and empowered to deliver care and certainty to our cus- tomers. Sue's background, expertise, and hands-on understanding of what This month, some of the industry's largest companies saw significant changes to their corporate lineups. Who's moving on and who's moving up in the industry it takes to lead this high-performing team through all market cycles make her an ideal candidate for this crucial role." With nearly 30 years of mort- gage industry experience, Barber previously served as Wells Fargo Home Lending's Northeast Division Manager, overseeing territory rang- ing from Maine to Kentucky, and high-volume markets such as New York City and the Washington, D.C,. metropolitan area. Prior to her time with Wells Fargo, Barber served in mortgage sales and business development leader- ship roles at Citigroup and JPMorgan Chase & Company. BRUCE BARNES JIM CORY Cherry Creek Mortgage has announced two new additions to expand the company's Reverse Mortgage Division. Joining Cherry Creek are new Managing Directors of the Reverse Mortgage Division, Bruce Barnes and Jim Cory. Barnes and Cory will be tasked with expand- ing Cherry Creek's reverse mortgage presence in retail, wholesale, and closed loan production. "We are excited about the op- portunity to advance Cherry Creek as a leading, retail, wholesale and closed loan purchaser of reverse mortgages," Barnes said. "Together, Jim and I have built several successful reverse mortgage platforms and have been responsible for funding billions of dollars in reverse mortgage produc- tion. It is our plan to make the reverse mortgage division the best place to work and to become a leading lender in the reverse mortgage space." Barnes has a decade-plus of indus- try experience under his belt, having spent time at EquiPoint Financial, Silvergate Bank, Live Well Financial, and most recently at EcoChain Systems. Cory has two-plus decades of industry experience, includ- ing positions at Seattle Mortgage Company, Liberty Street Financial, Legacy Reverse Mortgage, Live Well Financial, Open Mortgage, and Fannie Mae. "We believe the company has an untapped opportunity to leverage our

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