Career moves

First off, I'd like to thank the crew at Bank of America for continually giving mortgage reporters and editors something to write about. Don't get me wrong--there's plenty of good stories out there. And let's face it--and you read it here first: What happens regulatory and legislatively over the next three to four years should shape the future of this industry for the next 50 years.

Real Estate Mortgage Network Inc. added Kathryn Paige to the company's River Edge, N.J., location.

Wendover Consulting Inc., Greensboro, N.C., a consulting firm focused on servicing the reverse mortgage industry, said that Kenneth Kanady joined the firm as managing director of learning and development.

United Guaranty Corp., Greensboro, N.C., the nation's third largest mortgage insurer, Tuesday named Kim Garland to be the firm's new president and CEO.

The national mortgage delinquency rate fell to 7.97% in January, a slight sequential improvement, and an 11% drop from the same month a year ago, according to "first look" figures compiled by Lender Processing Services.

Wendover Consulting Inc., Greensboro, N.C., a consulting firm focused on servicing the reverse mortgage industry, named Karen Stegall as director of audit and compliance.

First things first: Yes, I can live on $500,000. Heck, I can live on $250,000 a year. Would I like to run Fannie Mae, the government-controlled mortgage giant? Answer: Sure, why not? But first I have a few stipulations.

A search firm trying to find a new CEO for Fannie Mae is asking candidates this very basic question: Can you live on $500,000 a year?

PERL Mortgage Inc. named Mark Daly senior vice president, national sales manager.

Fannie Mae is considering the head of a banking industry trade group and its own general counsel as possible replacements for departing CEO Michael Williams, according to published reports.

Arbor Commercial Mortgage, Uniondale, N.Y., promoted John Caulfield to chief operating officer.

Hilco Real Estate, Northbrook, Ill., said that Joel Schneider has joined the company as senior vice president, dispositions.

Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, hired Lorie Helms as chief technology officer.

For the moment, the job of ensuring that the nation's largest bank servicers comply with the terms of last week's mammoth mortgage settlement falls on just one man.

Veritas Funding, Salt Lake City, appointed Lance Miller as its new general counsel and vice president of compliance.

Larry Fink, chairman and CEO of BlackRock Financial, is nobody's fool - not by a long shot. He cut his teeth at First Boston many moons ago, helped shape the MBS market, and then went on to create a financial services powerhouse: BlackRock

Although many megabanks have thrown their correspondent networks overboard, there's a new entrant in the sector: Impac Mortgage Holdings, Irvine, Calif., a once high flying 'alt-A' lender that survived the housing crash and rebuilt itself.

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business, according to colleagues who have been briefed on the matter.

Veritas Funding, Salt Lake City, named Chris Maturo vice president of sales and business development.

The $25 billion 'robo-signing' settlement with the five mega-servicers includes a new set of servicing standards - and a mortgagor's ‘Bill of Rights' - to prevent future processing and foreclosure abuses.