Career moves

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.

Mark E. Yale has been named executive vice president, chief financial officer, and treasurer of Glimcher Realty Trust, a real estate investment trust based in Columbus, Ohio.Mr. Yale, 40, was most recently senior vice president and CFO of the retail REIT. Before joining Glimcher, he was manager of finance and CFO of Storage USA. The REIT can be found on the Web at http://www.glimcher.com.

J. Christopher Clifton has been named senior vice president, general counsel, and chief compliance officer of Opteum Inc., a Vero Beach, Fla.-based real estate investment trust.Mr. Clifton was most recently an attorney with PPG Industries. Opteum, which invests in residential mortgage-backed securities and originates loans through a taxable REIT subsidiary, can be found on the Web at http://www.opteum.com.

Serene Rosenberg has been named chief operating officer of HomeView Lending Inc., an Orange County, Calif.-based lender serving the nonprime, alternative-A, and option adjustable-rate mortgage markets.Ms. Rosenberg was most recently COO of Acoustic Home Loans, a nonprime wholesale lending affiliate of MetroCities Mortgage. She was previously a senior vice president and corporate credit officer at New Century Mortgage Corp. HomeView can be found on the Web at http://www.homeviewlending.com.

Mary Wetterlin has been hired as general manager of TopLine Federal Credit Union to develop a first-mortgage division at its Maple Grove, Minn., headquarters.Ms. Wetterlin will be responsible for building "leading-edge" first-mortgage lending options and developing business relationships with Realtors, builders, and mortgage brokers, TopLine said. Ms. Wetterlin has 13 years of experience in mortgage banking and real estate, and was most recently branch manager of the new-construction office at CTX Mortgage Co. She was previously a branch manager at Countrywide Home Loans. Michael Edwards, TopLine's chief lending officer, said the CU's move was related to its recent expansion of membership eligibility to include everyone who lives, works, worships, volunteers, or attends school in the seven-county Minneapolis-St. Paul metropolitan area. The CU can be found on the Web at http://www.toplinecu.com.

Residential Capital Corp.'s chief financial officer Davee Olson has accepted a new position leading the company's warehouse lending business.ResCap said it has already begun a search for a new CFO and that Mr. Olson will continue to serve as acting CFO until a replacement can be found. Bruce Paradis, ResCap's chief executive officer, noted that Mr. Olson "played a key role in acquiring the warehouse lending business for GMAC-RFC more than 15 years ago and has always maintained strong ties to the business." Mr. Olson said the new position gives him the opportunity to "take on an operational role," something he said he has "wanted to do for a long time." ResCap can be found online at http://www.rescapholdings.com.

Richard J. Johnson, formerly executive vice president and chief financial officer of Impac Mortgage Holdings Inc., has been named EVP and chief operating officer of the Newport Beach, Calif.-based real estate investment trust.The previous COO, William S. Ashmore, will remain as president and director of the REIT, the company said. Gretchen D. Verdugo, formerly IMH's EVP and chief accounting officer, has been named EVP and CFO. IMH can be found online at http://www.impaccompanies.com.