TheMReport

10 | TH E M R EP O RT MCROWD NANCY CORSIGLIA Nancy Corsiglia joins Ginnie Mae as EVP and Chief Operating Officer, reporting to President Ted Tozer. Corsiglia replaces Mary Kinney, who retired in February 2016. Corsiglia will oversee Ginnie Mae's $1.7 trillion Mortgage-Backed Securities (MBS) and Real Estate Mortgage Investment Conduit programs as well as be responsible for managing Ginnie Mae's daily operations, such as all MBS operations, counterparty relation- ships, contracting, budget and legislative initiatives, and overall risk management. Corsiglia will uphold relationships with key officials and executives of housing and securities industries, the investment commu- nity, members of Congress, and other departments and agencies of the federal government. BEVERLY COLE The Office of the Comptroller of the Currency (OCC) appointed Beverly F. Cole as the Deputy Comptroller for the Compliance Supervision, where she will report to the Senior Deputy Comptroller for Compliance and Community Affairs. In this role, Cole will serve as the operational executive responsible for developing and promulgating compliance operational protocols, examination strategies, and schedules. She will also oversee a staff implementing bank supervision policy for compliance, and establish programs to ensure efficient bank supervision for compliance. Cole began her career with the OCC in 1979 as an Assistant National Bank Examiner in Little Rock, Arkansas. DOUG WATT Fannie Mae has appointed J. Douglas Watt as SVP and Chief Audit Executive effective July 11. Watt's 35 years of audit experience include most recently serving as a member of GE Capital's senior audit leadership team and a member of several key GE Capital Americas management committees, including Operational Risk Management, Enterprise Risk Management, Credit Risk, and Compliance. At GE Capital, Watt was responsible for overseeing the internal auditing of GE Capital's North American Commercial Lending and Leading businesses and helping with leading the audit function's critical regulatory initiatives. MICHAEL STEGMAN Former White House Housing Policy Adviser Michael Stegman has joined the Bipartisan Policy Center as a fellow for housing policy. In March 2016, Stegman completed a temporary 10-month detail as the National Economic Council's top housing policy adviser in the White House for the Obama Administration. Prior to his service with the NEC, Stegman worked for four years as the Counselor to the Secretary of the U.S. Department of Treasury for Housing Finance Policy. In addition to his positions with the NEC and Treasury, Stegman's distinguished housing policy career includes serving as Assistant Secretary for Policy Development and Research at HUD and serving as a member of the Welfare Reform Working Group during the Clinton Administration. JAY BRAY Nationstar Mortgage, LLC has confirmed that President and CEO Jay Bray has been unanimously elected Chairman of the Board for the company, replacing the retiring Chairman Wes Edens. Bray has served on the board for Nationstar since 2012. He has held a number of executive positions within the company since joining in 2000, including Chief Financial Officer of Nationstar Mortgage (May 2000 to September 2012), EVP and CFO (May 2011 to February 2012), Manager of Nationstar Mortgage (October 2011 to present), Director of Nationstar subsidiary Nationstar Capital Who's moving on and who's moving up in the industry This month some of the industry's largest companies saw significant additions to their corporate lineup. Know someone moving up in the industry? email us at Editor@TheMReport.com. "If we could change one thing in the mortgage industry, it would be to see the return of non-agency lending in a meaningful way. There has been minimal activity to date. The marketplace needs more product options that I don't believe will become available until there is a much more active and accommodating environment that allows for the return of non-agency lending." —Patrick Flanagan, Carrington Mortgage Services

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