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Chase Home CEO Goes to Lehman

Tom Wind, CEO of Chase Home Finance here, has left the company to take a position with Lehman Brothers, industry sources confirmed to Mortgage Servicing News.

A source close to Mr. Wind told MSN that the former CHF CEO will play a key role in Lehman's reorganization of its mortgage operations which will affect Aurora Loan Services and BNC Mortgage.

Sources say there is talk of merging the two units and integrating them more closely with Lehman's investment banking operations. At press time, Lehman Brothers had not returned telephone calls about Mr. Wind and what his duties might be.

Until last November, Mr. Wind and Scott Powell served as co-CEOs of CHF. The company then put Mr. Wind in charge of mortgage production operations while giving Mr. Powell complete oversight of servicing and home equity. Chase serviced a $640 billion home loan portfolio as of June 30.

Mr. Wind had been with the company for about two years. During his career he also worked at Citigroup Mortgage.

Last week, a J.P. Morgan Chase spokesman confirmed Mr. Wind's departure, saying the company is currently looking for a successor.

In one other high-level executive change, Pete Wissinger recently left Wells Fargo & Co., San Francisco. He was president and CEO of Acordia Inc. and head of the bank's insurance businesses. Prior to that, he was a senior executive in WFC's mortgage division. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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