Career moves

Martin F. Wood has been named to the newly created position of senior vice president of international business development by Mortgage Guaranty Insurance Corp., Milwaukee.Mr. Wood will be responsible for determining what international markets are strategically important to MGIC and implementing a global business plan, the company said. "International markets are becoming more sophisticated, which makes this the right time for MGIC to revisit international business opportunities," said Curt Culver, president and chief executive officer of MGIC. Mr. Wood was most recently international business development leader at Genworth Financial Mortgage Insurance Division in Raleigh, N.C. Before that, he held various posts at Genworth, including international chief financial officer. Mr. Wood also spent 12 years with Price Waterhouse. MGIC can be found online at http://www.mgic.com.

Ronald J. Cathcart has been named executive vice president and chief enterprise risk officer of Washington Mutual Inc., Seattle, effective Dec. 1.Mr. Cathcart, 53, joins WaMu from the Canadian Imperial Bank of Commerce, where he served as executive vice president of retail risk management. He has had more than 23 years of experience in risk management policy and governance, WaMu said. Mr. Cathcart replaces the retiring chief enterprise risk officer, James Vanasek, who will remain with the company through the end of the year. WaMu can be found online at http://www.wamu.com.

Ronald R. Maudsley has been named president and chief executive officer of United General Title Insurance Co., a Denver-based subsidiary of First American Title Insurance Co.Before joining United General, Mr. Maudsley spent 17 years with an unnamed large national title insurer, United General said. The company can be found online at http://www.ugtic.com.

Smith Barney has hired Prudential official Bradley Ball to be its new mortgage equities analyst, replacing the departing Matt Vetto.Mr. Ball worked for Prudential Securities as recently as late September. As an analyst there, he covered Freddie Mac and other stocks. An official at Citigroup said Mr. Vetto, who could not be reached for comment, went to work for a hedge fund. Mr. Vetto's coverage universe included Fannie Mae, Freddie Mac, and Countrywide Financial.

Freddie Mac's senior vice president and corporate controller, John Woods, has resigned, accepting a position with lending giant Washington Mutual Inc., Seattle.The resignation is effective Oct. 28. Mr. Woods also held the title of principal accounting officer. He will become WaMu's corporate controller. Martin Baumann, Freddie Mac's executive vice president of finance, credited Mr. Woods with helping the government-sponsored enterprise bolster its accounting talent. Damaged by a $5 billion earnings restatement scandal that erupted nearly three years ago, Freddie is almost current again on its financial reporting. Freddie Mac can be found online at http://www.freddiemac.com.

Joseph Stanganelli has been named national broker sales executive for the recently established broker origination channel of Thornburg Mortgage Inc., Santa Fe, N.M.The company said Mr. Stanganelli's primary responsibility will be the development of the broker sales channel. Mr. Stanganelli comes to Thornburg from Bank of America, where he held senior vice president positions in BoA's National Wholesale Affinity Group and its Northeast and Eastern wholesale divisions. Among his previous employers in his 24 years in the mortgage industry were Fleet Mortgage and Plaza Home Mortgage, Thornburg said.

Tommy Orr has been named chief operating officer of Network Funding LP, a Houston-based wholesale mortgage lender.Mr. Orr has been head of branch development and support for Network Funding since joining the company in 2004. Before that, Mr. Orr served as senior vice president for Harbor Financial Mortgage Corp., America's Lending Center Inc., and FundAmerica Mortgage LLP, and he owned his own mortgage company, Texas United Mortgage, from 2001 to 2004. He is a past director of the Texas Mortgage Bankers Association. Network Funding can be found online at http://www.networkfundingusa.com.

Bruce Paradis has been named chief executive officer of Residential Capital Corp., Minneapolis, and David Applegate has been named chief operating officer of ResCap and president of the company's U.S. Residential Finance Group.Mr. Paradis, who has more than 30 years of experience in the real estate finance industry, has served as GMAC-RFC's CEO since 1994. (ResCap is the recently formed parent company of GMAC Mortgage and Residential Funding Corp., also known as GMAC-RFC.) ResCap said Mr. Applegate, who previously shared CEO duties with Mr. Paradis, will have direct responsibility for the company's U.S. residential real estate finance segments: the Residential Capital Group and GMAC Residential.

Brian Hurley has been named president of Stewart Title of California, San Diego, a subsidiary of Houston-based Stewart Information Services Corp.Stewart Title of California said Mr. Hurley will take over as president on Jan. 1, succeeding Allan Wasserman, who will continue in his role as group president of Stewart Title Co. and regional manager for Stewart Title Guaranty Co. Mr. Hurley was a founder and is currently president and chief executive officer of InterCity Capital Corp. and InterCity Escrow Services, two Stewart companies specializing in timeshare escrow, title, deed-in-lieu, foreclosure, portfolio management, and development consulting services. The parent company can be found on the Web at http://www.stewart.com.

The PMI Group Inc. has named Lincoln Rees the head of customer management for its Australian subsidiary.Mr. Rees was previously head of sales and service at PMI Mortgage Insurance Ltd. (PMI Australia). His new responsibilities will include developing strategic partnerships and customer alliances, and overseeing sales relationships, marketing, underwriting, and claims services, the company said.

Simone Lagomarsino has been named chief financial officer and chief administration officer at Metrocities Mortgage LLC, Sherman Oaks, Calif.Ms. Lagomarsino was most recently managing director for diversification, planning, and deployment at Countrywide Bank NA, a subsidiary of Countrywide Financial Corp. She was previously president and chief executive officer of Hawthorne Savings and executive vice president and CFO at First Plus Bank, Metrocities said. Ms. Lagomarsino also held senior-level positions with Imperial Financial Group, Ventura County National Bank, Prudential Securities, Premier Bank, and City National Bank. Metrocities Mortgage can be found on the Web at http://www.metrocitiesmtg.com.

John Bollman has been named executive vice president and manager of the Retail Production Division of National City Mortgage, Miamisburg, Ohio.Mr. Bollman replaces Buck Bibb, who was named chief executive officer of the company earlier this year. Mr. Bollman joined National City Corp. in 1996 as a result of the Integra Mortgage acquisition, where he was senior vice president of secondary marketing. He has held various positions at the vice president and senior vice president levels since then, National City said. Since 2004, Mr. Bollman has held the position of executive vice president of the NCM Advantage, a major loan origination initiative. The company can be found on the Web at http://www.nationalcitymortgage.com.

Shelby Sherard has been named executive vice president and chief financial officer of Grubb & Ellis Co., a provider of real estate services based in Northbrook, Ill.Ms. Sherard, 35, was most recently CFO of SiteStuff Inc., a Web-based procurement company focused on the real estate industry. Grubb & Ellis also announced the promotions of Jean Kennedy to senior vice president and chief accounting officer and Donald Olinger to senior vice president for finance and treasury. The company can be found on the Web at http://www.grubb-ellis.com.

Debbie Ferruzzi has been promoted to executive vice president for corporate strategy at Equity Office Properties Trust, a Chicago-based real estate investment trust.Ms. Ferruzzi, 45, has more than 23 years of commercial real estate experience. She was most recently senior vice president for corporate strategy. She joined Equity Office in 1998 as executive adviser to the chief executive officer. Before that, she was senior vice president in the Capital Markets Group for Equity Group Investments. Equity Office can be found online at http://www.equityoffice.com.

J. Brian King has been named practice manager for the consumer lending and mortgage banking practice of BenchMark Consulting International, Atlanta.Mr. King was most recently a national sales manager at a division of Wolters Kluwer Financial Services. Before that, he served as senior vice president of sales and business development at Info-One/VARDS, a wholly owned subsidiary of Wachovia Corp. Mr. King was previously senior vice president of business development at Wachovia Bank, and director of product development and marketing at Home Equity USA, a division of FleetBoston Financial. BenchMark can be found online at http://www.benchmarkinternational.com.

Brad Copeland has been named senior executive vice president and chief credit officer at Umpqua Bank, Roseburg, Ore., where he has overseen the bank's mortgage, credit quality, and special assets divisions since 2000.Mr. Copeland was most recently executive vice president and chief credit officer at the bank, which is a subsidiary of Umpqua Holdings Corp. Before joining Umpqua, he was EVP and credit administrator of VRB Bancorp and Valley of the Rogue Bank from 1998 until their merger with Umpqua in 2000, the bank said. Umpqua can be found online at http://www.umpquaholdingscorp.com.

Greg L. Cox has been named co-chief investment officer and senior portfolio manager at Capri Real Estate Securities, Chicago.Mr. Cox was most recently the portfolio manager with the University of Texas Investment Management Co. and the UT Investment Office. He managed a public real estate portfolio for the two institutions from April 1993 through the end of September 2005, Capri said. Thomas S. Dreyer, Capri's chief executive officer and co-CIO, said Mr. Cox will enable Capri to offer its first "long-only" real estate investment trust product as part of its recently launched U.S. REIT strategy.

Christopher P. Mundy has been appointed executive vice president and chief investment officer of Washington Real Estate Investment Trust, Rockville, Md.Mr. Mundy was most recently EVP of strategic planning and operations at Equity Office Properties Trust, where he supervised five regional business units in the Eastern United States from 2000 to 2004. Before that, he spent nine years in EOP's Washington, D.C., office, most recently as senior vice president of the Eastern Division. Washington REIT invests in income-producing properties in the greater Washington/Baltimore metropolitan region. It can be found on the Web at http://www.writ.com.

George Deehan, president of Sunset Financial Resources Inc., Jacksonville, Fla., has been named to the additional post of chief executive officer of the real estate investment trust, and Rodney Bennett has been named chairman of the REIT.Mr. Deehan, 63, who was recently named president and chief operating officer of the REIT, succeeds Bert Watson, who has resigned as CEO and as chairman of the board, Sunset Financial reported. Mr. Bennett, 64, has been a director of Sunset Financial since 2003. The REIT also announced that Charles Wolcott, president and CEO of Recon Corp., has been named to Sunset Financial's board. The company can be found on the Web at http://www.sunsetfinancial.net.

Patrick J. Callan Jr. has been named president of One Liberty Properties Inc., Great Neck, N.Y., as of Jan. 3, 2006.The date may be accelerated if Mr. Callan's current responsibilities as senior vice president of First Washington Realty permit, One Liberty Properties said. Mr. Callan, a member of One Liberty Properties' board of directors since June 2002, was previously employed for 17 years by Kimco Realty Corp. in various capacities, including director of real estate and vice president. One Liberty Properties, which specializes in long-term net-leased properties, can be found on the Web at http://www.onelibertyproperties.com.