Career moves

Matt Zames, the head of capital markets for JPMorgan Chase's mortgage banking division, as well as co-head of global fixed income in its investment bank, has been named the new chief investment officer for the company.

LendingQB, Costa Mesa, Calif., named Holt Crowder to its business development team.

Donna DeMaio, most recently the president and chief executive of MetLife Bank, has joined United Guaranty Corp. as its chief operating officer.

A major shake up in the senior ranks at Arch Bay Capital has taken place with several departures from the company, according to three nonperforming loan investors that have conducted business with the firm.

Freddie Mac's new chief executive, Donald Layton, urged critics to keep an open mind about the troubled government-sponsored enterprise and pledged to focus on "the nuts and bolts" to improve efficiency.

Freddie Mac named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.

Industry veteran Mark Korell, who four years ago joined the mortgage division of JPMorgan Chase, has left the company, according to colleagues who are close to him.

Carrington Holding Co. hired Bill King as its chief investment officer and head of asset and risk management.

Wingspan Portfolio Advisors named Ed Delgado chief operating officer.

Crockett National Bank, San Angelo, Texas, has purchased a controlling interest in Legacy Mutual Mortgage, a San Antonio-based mortgage banker.

Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to published reports.

Stearns Lending Inc. this week hired former Bank of America and MetLife executive Brian Hale as its new chief executive officer.

Stearns Lending Inc., one of the nation’s largest wholesale funders, this week hired former Bank of America and MetLife executive Brian Hale as its new chief executive officer.

Experience 1 Inc., Irvine, Calif., holding company for Advantage Title Inc. and Title365 Inc., said that Eric Swenson has become the company’s chairman of the board.

Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla.-based lender was failing to “mitigate or significantly reduce risks facing the bank.”

In the May issue of Origination News, we published our annual ranking of the mortgage industries leading originators by volume. There is also a listing of top originators by units. Christopher Vincent Hussain repeated as the No. 1 originator.

There may be a simple reason why Wells won’t buy mortgages from a certain lender.

Quicken Loans Inc. plans to increase staffing at its Cleveland Web Center by at least 25%, as the company will add 100 new employees to the more than 300 already working at the location.

Carrington Mortgage Services promoted Ray Brousseau to executive vice president of mortgage lending, where he will oversee its retail and wholesale origination business.