Career moves

Saiyid Naqvi, recently retired as chief executive of PNC Mortgage, has become the newest member of the board of directors of Freddie Mac.

Thomas Weldon Egan, who served as president of the Connecticut Mortgage Bankers Association from 2006 to 2008, died Aug. 2 at the age of 65.

Advantage Title said that Christine Favara has rejoined the company as senior vice president and national and international transaction counsel.

President Obama has nominated Federal Reserve Gov. Sarah Bloom Raskin to be the new deputy secretary at the Treasury Department.

Scott Robinson’s one-year term will begin at the beginning of 2014, followed by one-year terms each as president-elect, president and immediate past president.

Amit Kothiyal will become CEO of ISGN Corp., replacing Ritesh Idnani, who also held the title of vice chairman.

Derrick D. Cephas has been elected to the board of directors of the Housing Partnership Development Corp.

Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.

Freddie Mac board member Linda Bammann is stepping down after serving on the GSE’s board of directors for nearly five years.

Valuation Partners named Paul Friedrichs as vice president, national account executive for the Western U.S. region.

Prospect Mortgage has promoted Amy Brandt to chief operating officer.

The Housing Association of Nonprofit Development has elected its new leadership for the 2013-2015 term.

The loans that the new channel is purchasing will be sold on the secondary market to Fannie Mae, Freddie Mac or Ginnie Mae.

Wingspan Portfolio Advisors hired Meredith McCrory for the newly created position of vice president of strategic alliances.

The board of directors of the Federal Home Loan Bank of Indianapolis appointed Cindy L. Konich as president-chief executive officer.

Stonegate Mortgage has expanded its business operations in Ohio by opening a new branch that will serve the Cincinnati metropolitan area as well as northern Kentucky.

Xerox Mortgage Services named Ken Marlin as its new vice president and general manager.

Opus Bank, Irvine, Calif., has realigned its operations to create a Commercial Real Estate Banking division.

Commercial mortgage loans provided life insurers with a 1.99% total return on investment in 1Q13, up 14 basis points from 4Q12’s 1.85%.

Barclays is expanding its West Coast staff that handles commercial mortgage-backed securities.