Career moves

Margo Cook, formerly a mortgage-backed securities specialist at BNY Asset Management, has been named executive vice president of the company, the investment management arm of The Bank of New York.Ms. Cook will be responsible for equity and fixed-income strategies for the institutional market, BNY said. Ms. Cook led Institutional Fixed Income Management for the company for the past nine years, and she previously held other positions such as senior portfolio manager and MBS specialist. The company also announced that Patrick K. Byrne has been named to replace Ms. Cook as head of Institutional Fixed Income Management. He was previously a senior portfolio manager specializing in MBS and asset-backed securities. The Bank of New York can be found online at http://www.bankofny.com.

Mike Nazankiewicz has resigned as executive vice president and chief executive officer of the National Association of Mortgage Brokers, ending a six-year run at the helm of the trade group.His resignation was effective March 20. For now, his duties will be taken over by senior vice presidents Roy DeLoach and Cathi Eifert. Mr. Nazankiewicz, who joined the NAMB from the American Heart Association, is leaving for a career in "organizational guidance and leadership development," according to a statement released by the NAMB. A NAMB spokeswoman noted that he has spent a great deal of time working on the state level with broker trade groups, helping some states form their own trade organizations.

Freddie Mac chief financial officer Martin Baumann has resigned from the congressionally chartered mortgage company but says he will stay on as a special adviser through the end of May.Freddie Mac president and chief operating officer Eugene McQuade has already assumed the CFO responsibilities. The company is now conducting a search for Mr. Baumann's successor. A spokeswoman for the company said that when Mr. Baumann joined the company in March 2003 he planned to stay for just two years, but then extended his contract for another year. In a statement, Freddie chairman and chief executive Richard Syron call Mr. Baumann a "key contributor" to the company's turnaround. After the government-sponsored enterprise suffered a $5 billion earnings restatement scandal, Mr. Baumann, a former partner at PricewaterhouseCoopers, was brought on board to fix the GSE's accounting systems and policies.

Dansby White has been named managing director and head of the U.S. Collateralized Debt Obligation Group of Paris-based Societe Generale Corporate & Investment Banking.Mr. White, who will be based in the firm's New York office, was most recently managing director and senior portfolio manager at Highland Capital Management. He was previously managing director and head of structured finance and CDOs at Merrill Lynch, where his responsibilities included commercial mortgage-backed securities. Societe Generale can be found online at http://www.socgen.com.

Nicholas G. Hahn has been hired as chief financial officer of Vertical Lend Inc., a financial services company based in Melville, N.Y., that boasts several mortgage-related units.Mr. Hahn was most recently CFO at DeepGreen Financial, an Internet-based mortgage bank. He was previously an executive vice president at Countrywide Home Loans. David Peskin, Vertical Lend's chief executive officer, said Mr. Hahn will help the company expand its reverse mortgage, remote loan origination, and lead generation programs. The company can be found on the Web at http://www.verticallend.com.

Marc D. Schnitzler, president of CharterMac, a New York-based multifamily real estate finance company, has been named to the additional post of chief executive officer.Mr. Schnitzler, 45, will replace CharterMac chairman Stephen M. Ross, who has served as interim CEO since November and will remain as chairman, the company said. Mr. Schnitzler joined CharterMac's predecessor in 1986. He is a member of the executive committee of the National Multi Housing Council's board of directors. CharterMac can be found on the Web at http://www.chartermac.com.

John A. Magness has been promoted to executive vice president and Southwest regional leader at LandAmerica Financial Group Inc., Richmond, Va.Mr. Magness, based in Dallas, oversees company operations in New Mexico, Oklahoma, and Texas. He was most recently senior vice president and Southwest regional leader for LandAmerica's commercial services customer channel, the company said. He has 23 years of industry experience. The company can be found online at http://www.landam.com.

David Drow has been named to head a new-home purchase financing initiative planned by E-Loan, an online consumer-direct lender based in Pleasanton, Calif.Before joining E-Loan, Mr. Drow spent seven years with GMAC Mortgage, where he was responsible for expanding their new-home purchase builder mortgage business, E-Loan said. He was previously production manager for North American Mortgage Co. E-Loan can be found on the Web at http://www.eloan.com.

Linda Knight has been promoted from senior vice president and treasurer of Fannie Mae to executive vice president for capital markets.Ms. Knight joined Fannie Mae in 1982 as senior market analyst and has been SVP and treasurer since 1993, the government-sponsored enterprise said. Fannie Mae said Ms. Knight will be one of two business-unit risk officers in the Capital Markets Group, which was previously known as the Portfolio Division. The GSE also announced the promotion of three executives to positions in the Capital Markets Group: David Benson, to senior vice president and treasurer; Ramon de Castro, to senior vice president for capital markets -- mortgages; and Andrew Bon Salle, to senior vice president for capital markets -- lender channel.

Charlotte I. Catalfo has been named president and chief operating officer of American Mortgage Network, a San Diego-based wholesale mortgage bank and a wholly owned subsidiary of Wachovia Bank NA.Ms. Catalfo has over 30 years of experience in mortgage banking production and operations, AmNet said. Before joining the company, Ms. Catalfo was senior managing director for correspondent lending at CitiMortgage Inc., and she held numerous executive positions with Principal Residential Mortgage Inc., including executive vice president of production and production administration. John M. Robbins, AmNet's chief executive officer, said Ms. Catalfo will be in charge of all major technology initiatives at the company. AmNet can be found online at http://www.amnetmortgage.com.

Enterprise Community Investment Inc., a Columbia, Md.-based provider of capital for affordable housing, has announced a realignment of the company's management team as part of a restructuring of business lines.Charlie Werhane, formerly executive vice president and chief operations officer, has been promoted to vice chairman and COO. He will be the overall head of production for Enterprise's low-income housing tax credit syndication, multifamily mortgage, and structured finance product lines. Holly Stagmer, formerly the company's chief financial officer, has been promoted to EVP for finance, credit, and asset management, and Helen Whitehead has been promoted to EVP and chief administrative officer. Several other promotions were announced as well. The company noted that it had announced its intention last November to implement an integrated business model for all its community development products and services. Enterprise can be found online at http://www.enterprisecommunity.com.

Troy A. Pentecost has been named executive vice president and director of asset management at FelCor Lodging Trust Inc., a real estate investment trust based in Irving, Texas.Mr. Pentecost, 44, was most recently senior vice president of operations and divisional vice president of operations at Remington Hotel Corp., FelCor said. He previously held various management posts at Wyndham International. FelCor can be found on the Web at http://www.felcor.com.

Brian E. Cote has been named executive vice president and chief financial officer of Downey Financial Corp. and its subsidiary, Downey Savings and Loan Association, Newport Beach, Calif.Effective March 13, Mr. Cote will be assuming the CFO responsibilities from Thomas E. Prince, who will continue as Downey's chief operating officer. Mr. Cote was previously CFO of Chinatrust Bank (USA), Kinecta Federal Credit Union, DiTech Funding Corp., and WesCorp, the company said. Downey can be found on the Web at http://www.downeysavings.com.

Mortgage industry veteran Arlene Hyde has been named director of the Home Loans Wholesale Channel of Washington Mutual Inc., Seattle, as part of a realignment of the company's home loan distribution channels.The realignment is aimed at integrating sales and operations into a single-channel structure for retail, wholesale, correspondent, and consumer direct, WaMu said. Before joining WaMu, Ms. Hyde was managing director of real estate servicing at St. Louis-based CitiMortgage, where she held key positions such as executive vice president of correspondent lending, wholesale lending, and national operations and senior vice president of retail operations. Before joining CitiMortgage, Ms. Hyde was head of national operations for Knutson Mortgage Corp. WaMu can be found online at http://www.wamunewsroom.com.

Countrywide, America's Wholesale Lender, a division of Countrywide Home Loans Inc., has announced the promotions of Brian Robinett to chief operating officer and of two other key executives.The others are Eric Spence, who was promoted to managing director and national sales manager, and Joe Miller, who was promoted to managing director and national operations manager. Mr. Robinett, previously Countrywide's managing director of prime lending, will provide strategic direction for all aspects of the division's prime and nonprime lending. As national operations manager, Mr. Spence will oversee production, revenue, and market share growth, as well as sales strategy and management, and he will spearhead the tightened integration of the Prime Lending Group with the Specialty Lending Group, Countrywide said. Mr. Miller will provide strategic direction, introduce process enhancements for loan fulfillment, and oversee underwriting and credit risk functions. The Countrywide Wholesale Business Channel can be found online at http://www.cwbc.com.

William Glasgow Jr. has been named executive vice president of quality assurance at EMC Mortgage Corp., Irving, Texas, and Kurt W. Reheiser has been named senior vice president of conduit technology.Mr. Glasgow, a 35-year veteran of the mortgage industry, has worked with four of the largest mortgage companies, including Lomas USA in Dallas, Citicorp Mortgage in St. Louis, and HomeSide Lending and Washington Mutual in Jacksonville, Fla., EMC said. He was most recently a consultant for several mortgage banks and worked as a contractor for EMC. Last year Mr. Glasgow helped create a new mortgage company, Avelo Mortgage Co. LLC in Irving, and served as its president and chief executive officer. Mr. Reheiser will provide technological support for EMC's conduit operations as well as EMC Residential Mortgage Corp., which provides residential warehouse lines to mortgage bankers. Mr. Reheiser was most recently senior vice president of information technology at Centex Home Equity Co. in Dallas. EMC can be found online at http://www.emcmortgage.com.

Ruthann K. Melbourne has been named executive vice president and chief risk officer of enterprise risk management at Pasadena, Calif.-based IndyMac Bank.Ms. Melbourne, who joined IndyMac in 2003, previously served as senior vice president and chief interest rate risk officer of enterprise risk management. IndyMac Bank also named two senior vice presidents: Gregory S. Sosnovich, SVP and chief accounting officer in the corporate accounting division at its Pasadena office, and Tim Landwehr, SVP of IndyMac's Home Construction Lending division in Norcross, Ga.

Elaine Batlis has been named president of Impac Warehouse Lending Group Inc., a division of Impac Mortgage Holdings Inc., Newport Beach, Calif.Ms. Batlis has more than 25 years of banking, mortgage warehousing, and consulting regulatory experience, Impac said. Most recently, she was president and chief executive officer of Naples, Fla.-based InSouth Funding Inc., a subsidiary of InSouth Bank specializing in nationwide mortgage warehousing. She was previously senior vice president, chief financial officer, and chief operating officer at Heritage Bank in Olathe, Kan., and has held various other positions in the banking industry.

Mark A. Casale has been named president of Radian Guaranty Inc., the principal mortgage insurance subsidiary of Radian Group Inc., Philadelphia.Mr. Casale, 41, will continue to head the company's mortgage insurance business in the United States, Radian said. He was most recently the company's executive vice president of mortgage insurance, and he previously served as senior vice president for capital markets. Radian can be found on the Web at http://www.radian.biz.

Michael T. Henney, president of First American Corp. subsidiary Data Trace, has been named to the additional role of president of DataTree LLC, a San Diego-based First American subsidiary that provides recorded property documents.Mr. Henney has headed Data Trace, a provider of title plant services, since its inception. First American also announced that Robert Karraa, chief operating officer of DataTree, has assumed the added role of chief operating officer of Data Trace. First American can be found online at http://www.firstam.com.