Career moves

Marielle Jan de Beur has been named to head global commercial mortgage-backed securities research at Bear, Stearns & Co., New York.Ms. Jan de Beur, a managing director, will be responsible for providing advice and analysis for investors on the CMBS and commercial debt obligation markets. She was most recently head of U.S. CMBS research at Morgan Stanley, and she was previously a senior analyst for Legg Mason Wood Walker's real estate equity research group, Bear Stearns said. Bear Stearns can be found on the Web at http://www.bearstearns.com.

Wes Iseley and Arvin Wijay have been hired by Morgan Stanley Credit Corp. in Orange County, Calif., to help build "a world-class wholesale [mortgage] lending platform," according to Morgan Stanley.Mr. Iseley, as executive vice president, will head the company's wholesale mortgage lending operations, and Mr. Wijay will hold the title of senior vice president. Mr. Iseley, 47, has more than 25 years of experience in the subprime mortgage industry, Morgan Stanley said. He most recently held responsibilities for sales, servicing, operations, and support at Fremont General Investment & Loan, a Santa Monica, Calif.-based mortgage originator where he was employed for five years. Before that, he was at Associates First Capital for 19 years, Morgan Stanley said. Mr. Wijay, 38, has over 12 years of experience in financial analysis and planning.

Colleen Hernandez has been named president and executive director of the Homeownership Preservation Foundation, Minneapolis, effective July 5.Ms. Hernandez was executive director of the Kansas City Neighborhood Alliance for 18 years, and she was most recently the principal of Hernandez Consulting LLC, which specializes in affordable housing and community development. She served on the board of directors of the Federal Reserve Bank of Kansas City for six years and on the Consumer Advisory Council to the Federal Reserve Board, the Homeownership Preservation Foundation said. The foundation, a nonprofit organization dedicated to reducing foreclosures and preserving homeownership, can be found online at http://www.hpfonline.org.

Lisa A. Duehring has been named president of Alliance Bancorp, a conduit, wholesale lender, and securitizer of residential mortgage-backed securities based in Brisbane, Calif.Ms. Duehring will be responsible for directing the company's Warehouse Lending Group and secondary marketing. Before joining Alliance, she was executive vice president at Impac Cos., Newport Beach, Calif., where she was employed from 1995 to 2005. Ms. Duehring was previously with Imperial Credit Industries, Glenfed Mortgage Corp., and RNG Mortgage/California Mortgage Service.

The American Securitization Forum has named two newly elected executives to head its residential mortgage-backed securities subforum.The group said Jordan Schwartz, a partner with Cadwalader, Wickersham & Taft LLP, and Bill Felts, senior vice president at CitiMortgage, will be serving as co-chairs of the RMBS subforum. The elections took place at the organization's annual meeting in New York. Among other notable mortgage executives elected to posts at the forum was David Spector, senior managing director at Countrywide Home Loans, who has been named a new member of the ASF's board.

Gregory S. Tornquist has been named president and chief operating officer of Cenlar FSB, a Ewing, N.J.-based savings bank specializing in subservicing mortgage loans and home equity lines of credit.Cenlar also announced the appointment of Stephen W. Gozdan as the bank's chief financial officer and of Jeanne M. Bader as its director of loan administration. Mr. Tornquist joined Cenlar in 1987, and he was named CFO in 1998 and executive vice president in 2004. He was elected to the Cenlar Capital Corp. board of directors in 1999 and to the Cenlar FSB board in 2005, Cenlar said. Mr. Gozdan joined Cenlar in 1997 as senior vice president and COO, and he has been responsible for the company's servicing operations, corporate services, and technology departments, among other things. Ms. Bader joined the company last year with 30 years of servicing experience, and has been responsible for its loan servicing operation. The bank can be found online at http://www.cenlar.com.

Virginia Martinez has been named senior vice president for the Southern California region of Metrocities Mortgage LLC, a residential mortgage lender based in Sherman Oaks, Calif.Ms. Martinez, a previous employee at Metrocities, will be responsible for managing the Sherman Oaks Loan Center, working with the company's MetroAmerica Division for expanding markets, and providing support for the Santa Barbara and Pasadena loan centers, Metrocities said. Ms. Martinez has had 25 years of experience in the financial industry, including 13 years in mortgage banking, the company said. She was most recently an area sales manager for Countrywide Home Loans. Before that, she managed several Metrocities loan centers in Los Angeles, Orange, and Ventura counties. Metrocities can be found online at http://www.metrocitiesmtg.com.

Al Crisanty has been promoted to the newly created position of executive vice president and national production manager of American Brokers Conduit, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust based in Melville, N.Y.Mr. Crisanty will oversee the company's wholesale production on a nationwide basis, ABC said. "The new position has been created to effectively manage ABC's unprecedented growth and is part of an overall reorganization of the company, which includes expanding its regions nationally from two (East and West) to five (Northeast, Southeast, Midwest, Intermountain, and West)," the company said. Mr. Crisanty joined ABC in August 2003 as senior vice president of Western sales. He previously headed national production for Capitol Commerce Mortgage and held senior executive positions in secondary marketing, correspondent lending, and wholesale production over the past 24 years, ABC said. ABC can be found on the Web at http://www.abconduit.com.

William M. Wagner has been named senior vice president and chief accounting officer of Sunshine Hotel Investors Inc., a real estate investment trust based in San Clemente, Calif.Mr. Wagner was most recently Sunshine's vice president of accounting. He was previously vice president of accounting for The Trizetto Group and an auditor with Ernst & Young. The REIT can be found online at http://www.sunstonehotels.com.

Fred Kennon will retire June 30 as chief financial officer of Entertainment Properties Trust, a real estate investment trust based in Kansas City, Mo., and Gregory K. Silvers has been named to the additional post of chief operating officer of the REIT.In addition, Mark A. Peterson has been named vice president, CFO, and treasurer. The changes will take effect on June 30. Mr. Kennon has been CFO of the company since 1999, and will remain available as a consultant. Mr. Silvers has been the REIT's vice president, general counsel, and secretary since 1998 and its chief development officer since 2001, Entertainment Properties Trust said. Mr. Peterson was most recently the company's vice president of accounting and administration. David M. Brain, the REIT's president and chief executive officer, attributed the changes -- which he termed a "cohesive, planned expansion of our management resourcefulness" -- to a need to focus the company's management on its investment strategy of acquiring, financing, and leasing "high-quality destination properties." The company can be found online at http://www.eprkc.com.

Capmark Financial Group, Horsham, Pa., has appointed William F. Aldinger III president and chief executive officer of the company.Capmark, formerly GMACCH, said Mr. Aldinger is replacing Robert D. Feller, who is leaving the company. He will also serve on Capmark's board of directors. Most recently, Mr. Aldinger served as the chairman and CEO of HSBC North America Holdings, until his retirement last year, Capmark said. He has also been with Wells Fargo Bank, Citibank, and the U.S. Trust Co.

Pamela C. Milano has been named chief product design executive for LoanMagic, the mortgage loan presentation and management program of Document Systems Inc., Carson, Calif.Ms. Milano has over 25 years of management experience in mortgage banking technology. She introduced the first point-of-sale application in the industry for Citicorp Mortgage, and served as senior vice president for Countrywide's Consumer Markets Division when Countrywide began rolling out LoanMagic to its retail mortgage loan officers in 2002, Document Systems said. In her new post, Ms. Milano will plan and direct LoanMagic's product design policies and oversee the development of products related to LoanMagic. Document Systems can be found online at http://www.docmagic.com.

Glen Wakeman, a 20-year veteran of General Electric Co., has been named president and chief operating officer of Doral Financial Corp., San Juan, the largest residential mortgage lender in Puerto Rico.In addition, Mr. Wakeman will become Doral's chief executive officer and a member of its board after the filing of Doral's 2005 annual report, which the company said is expected "as soon as practicable." Doral, the parent company of Doral Bank and several other financial services companies, completed a restatement of earnings in February for the years 2000 through 2004 that reduced its retained earnings by $694.4 million. Doral concluded at the time that its internal control over financial reporting "was not effective" as of Dec. 31, 2004, and that it had "identified a number of material weaknesses, including but not limited to an ineffective control environment." Last August, Doral announced the termination of its chief financial officer and the resignation of several senior executives in connection with the restatement.

President Bush has nominated Wall Street veteran Henry Paulson to be his new Treasury secretary and take over for Secretary John Snow, who submitted his resignation Monday morning.Mr. Paulson started his career at Goldman Sachs Group in 1974 and became the chairman and chief executive eight years ago. He has some Washington experience, including stints at the White House and the Pentagon during the Nixon administration. "I want to thank Hank for his willingness to leave one of the most rewarding jobs on Wall Street to serve the American people," President Bush said. The president also thanked Mr. Snow for his three-and-a-half-years of service at the Treasury. Secretary Snow said he will remain at the Treasury until Mr. Paulson is confirmed by the Senate and settles into his new position. At Treasury, Mr. Paulson will oversee administration policies on government-sponsored enterprises. Goldman Sachs does business with Fannie Mae and Freddie Mac.

Dan Thoms has been named senior vice president for sales and strategic initiatives at AllRegs, an Eagan, Minn.-based online publisher of reference information for the residential mortgage lending industry.Mr. Thoms was most recently vice president of education and business development for the Mortgage Bankers Association, where he was instrumental in the launch of CampusMBA, the association's educational division, AllRegs said. Before joining the MBA, Mr. Thoms served as associate director of The Center for Learning and Educational Technology at the University of Maryland in College Park, Md. AllRegs can be found online at http://www.allregs.com.

Ivanhoe Mortgage, a division of Central Pacific Mortgage, has named Robert Brown as senior vice president of retail production.Mr. Brown will be responsible for growing the company's production on the East Coast. His experience includes work as a national recruiter for a net branch operation. He also has been a regional manager, a regional vice president and a mortgage brokerage owner. Ivanhoe can be found online at http://www.ivanhoemortgage.com.

The Bond Market Association has appointed Robbin Conner as its new staff advisor to the association's mortgage-backed securities and securitized products division.Mr. Conner, who will hold the title of vice president and assistant general counsel, "has extensive business and legal experience in the securitization markets, including [collateralized debt obligations] and other key areas of focus for the MBS and securitized products division," according to the association's associate general counsel, Lynnette Hotchkiss. Mortgage-related areas at the association that Mr. Conner will oversee include MBS fails and nontraditional mortgage products. The Bond Market Association can be found on the Web at http://www.bondmarkets.com.

Fifth Third Bancorp has hired James "Jim" Tew to lead an expansion of its mortgage unit.Mr. Tew, who previously directed wholesale production for First Horizon's East region, plans to hire 30 new mortgage originators to expand the company's efforts. Fifth Third can be found online at http://www.53.com.

Julian E. "Jay" Whitehurst has been named president and chief operating officer of National Retail Properties Inc., a real estate investment trust based in Orlando, Fla.Mr. Whitehurst was most recently the company's executive vice president and COO. National Retail Properties said he joined the company in 2003 as EVP and general counsel after serving as its general counsel and lead real estate attorney while at Lowndes, Drosdick, Doster, Kantor and Reed PA, an Orlando-based law firm. National Retail Properties can be found online at http://www.nnnreit.com.

Community Bank of the Bay, Oakland, Calif., has launched a new commercial real estate lending program and appointed Thomas Mitchell to head it up.Mr. Mitchell was most recently a vice president of commercial real estate finance with KeyBank Real Estate Capital in Walnut Creek, Calif., Community Bank said, and has over 20 years of experience in the commercial real estate market. The program will offer "a comprehensive and competitive choice of permanent, bridge and construction financing for commercial, industrial and multifamily residential properties," Mr. Mitchell said. He added that Community Bank's ability to place loans in the secondary market allows it to offer "a variety of rates and terms to accommodate almost any kind of borrower." The bank can be found online at http://www.communitybankbay.com.