Career moves

Randall L. Raup has been named president of HSBC Mortgage Corp. and executive vice president of HSBC Bank USA, Prospect Heights, Ill., pending approval by the bank's board of directors.HSBC said Mr. Raup was previously senior vice president and chief financial officer of HSBC Mortgage, which he joined in August 2004 after 20 years at Household Finance. (In December, Household Finance was merged into Household International Inc., which has changed its name to HSBC Finance Corp.) HSBC-North America, which encompasses all of HSBC's U.S. and Canadian businesses, can be found online at http://www.hsbcusa.com.

Sue Ansel has been named chief operating officer of Gables Residential, a real estate investment trust based in Boca Raton, Fla.Ms. Ansel was previously a senior vice president with responsibility for the company's apartment operations and asset management in the Texas cities of Dallas, Austin, and Houston as well as San Diego and the Inland Empire in California. Before joining Gables, Ms. Ansel was a vice president with The Daseke Group. The apartment REIT can be found on the Web at http://www.gables.com.

Stuart D. Marvin has been named executive vice president in charge of finance, capital markets, and corporate communications at Accredited Home Lenders Holding Co., a nonprime residential mortgage lender based in San Diego.The company said Mr. Marvin will assume many of the responsibilities now held by Accredited's EVP and secretary Ray W. McKewon, the company's co-founder, who has announced that he intends to retire in July. Mr. Marvin was most recently president for corporate operations and chief financial officer with Aegis Mortgage Corp. in Houston. He was previously CFO at Citifinancial Mortgage. Prior to his entry into the mortgage industry, Mr. Marvin was business assurance partner with the Coopers & Lybrand public accounting firm. Accredited can be found on the Web at http://www.accredhome.com.

Michael Fratantoni has been named to the newly created position of senior director for single-family research in the Mortgage Bankers Association's Research and Business Development group.Mr. Fratantoni was most recently director of economic and policy research in Fannie Mae's regulatory policy division. Before that, he was a senior economist in Fannie Mae's credit policy division. The MBA can be found on the Web at http://www.mortgagebankers.org.

Linda P. Henley has been named chief executive officer and head of mortgages for Macquarie Mortgages USA, Memphis.Ms. Henley, a veteran of 28 years in the mortgage lending and real estate industries, was most recently the head of correspondent lending at Chase Home Finance, Macquarie said. She has also held senior positions in retail and wholesale lending. The company can be found on the Web at http://www.macquarie.com.

The Federal Home Loan Bank of Dallas has elected Chesley N. Brooks Jr. as chairman of its board of directors.Mr. Brooks succeeds Fred Miller Jr. as chairman. Mr. Miller retired from the board after serving the maximum allowable three terms.

Eric Sieracki has been promoted to executive managing director and named chief financial officer of Countrywide Financial Corporation.The former CFO, Thomas "Keith" McLaughlin, has elected to step down to focus on personal interests. He has agreed to remain with the company in an advisory role. The changes will become effective on April 1. Countrywide, based in Calabasas, Calif., is the nation’s largest originator and servicer of home loans. The company is located at http://www.countrywide.com on the Internet.

Joseph A. Rossi has been named to the newly created post of senior vice president of securities and Treasury operations at Freddie Mac.Mr. Rossi, 52, will manage operations related to Freddie Mac's mortgage securities issuance and settlement, debt issuance, and settlement, derivative settlement, and asset management, the government-sponsored enterprise said. He will report to Michael C. May, senior vice president of operations. Mr. Rossi was most recently senior vice president, executive director, and chief operations officer for global securities services at Mellon Financial Corp. Before joining Mellon in 2001, Mr. Rossi was senior vice president and business executive for the Strategic Initiatives Group at Chase Manhattan Bank/J.P. Morgan. His appointment at Freddie Mac takes effect March 28.

TIAA-CREF, the New York-based teachers' pension fund manager and commercial real estate lender, has named David Brown its head of commercial mortgages.TIAA-CREF is a large institutional real estate investor with a global portfolio of over $50 billion, according to the company. Working out of the organization's Charlotte, N.C., office, Mr. Brown will oversee the nearly $25 billion portion of the portfolio that is invested in commercial mortgages. Mr. Brown joins TIAA-CREF from Prudential Financial, where he served as the principal and head of Eastern Region originations for their various real estate debt capital sources, the company said.

Andrew McConnell has been named head of pass-through mortgage-backed securities trading in the New York office of BNP Paribas, a European bank.Mr. McConnell was most recently a pass-through MBS trader at RBS Greenwich Capital Markets. He was previously employed by Donaldson, Lufkin & Jenrette and Bear Stearns & Co. The bank can be found on the Web at http://www.bnpparibas.com.

Richard C. Hartnack has been named head of the consumer banking division of U.S. Bancorp, Minneapolis, giving him responsibility for the full range of consumer lending, including home mortgages.U.S. Bancorp said the promotion was part of a move that aligned the company's business operating units under its president and chief operating officer, Richard K. Davis. Before joining U.S. Bancorp, Mr. Hartnack held various posts with Union Bank of California over 14 years, and his 34-year career in banking and financial services also includes stints with First Chicago Corp. and First Interstate Bank of Oregon, the company said. The bank holding company can be found online at http://www.usbank.com.

Carly Fulmer has been named director of operations at 1st Metropolitan Mortgage, Charlotte, N.C., a national mortgage broker and a division of Empire Equity Group Inc.1st Metropolitan said Ms. Fulmer will continue to manage and develop its branch support and quality control departments and develop the infrastructure and operations of the company. Before joining 1st Metropolitan, Ms. Fulmer was a loan processor at 21st Century Mortgage, which specializes in mortgages for mobile and modular homes. She joined Empire in 2000 and later became head of quality control. In 2003, she developed the branch support division, which is a customer service center for 1st Metropolitan's 250 nationwide branches, the company said. 1st Metropolitan can be found online at http://www.1stmetro.com.

Randy Pool has been named executive vice president and general manager of the newly formed National Correspondent Lending Division of New Century Financial Corp., Irvine, Calif.Mr. Pool will report to Patrick J. Flanagan, president of the New Century Mortgage Corp. He was most recently an executive vice president at Argent Mortgage Co., and previously held various senior management positions at Community Home Funding Group, The Money Store, U.S. Property and Appraisal Services, and The Associates Financial Services Co., New Century said. New Century can be found online at http://www.ncen.com.

Richard Payne has been named president of wholesale operations at The New York Mortgage Co., New York, and Joseph Gorton has been named chief operations officer of the division.NYMC said Mr. Payne, a 25-year veteran of the mortgage industry, was formerly a managing director of Lehman Brothers and executive vice president of wholesale development for Lehman's Aurora Loan Services. He was previously president and chief executive officer of SIB Mortgage Corp. Mr. Gorton, a 20-year industry veteran, was formerly EVP and COO at SIB Mortgage. His previous positions include vice president for lending operations at GMAC Mortgage, EVP and national operations manager at Eastern Mortgage Services, and first vice president for production support at Anchor Mortgage Services. NYMC can be found online at http://www.nymc.com.

Clarence (Clay) G. Simmons III has been named senior executive vice president and chief financial officer of Thornburg Mortgage, Santa Fe, N.M.Mr. Simmons, whose appointment as CFO will take effect April 29, replaces the retiring Richard Story, the company said. Mr. Simmons was most recently a managing director at Countrywide Financial Corp., where he was a founder of CFC's bank subsidiary, Treasury Bank NA. Mr. Story was Thornburg's CFO for 12 years of his more than 30 years in the financial services industry, Thornburg said. He will continue to provide counsel to the company as a member of a newly formed advisory board. Thornburg, a single-family residential mortgage lender and real estate investment trust, can be found online at http://www.thornburgmortgage.com.

CharterMac, a New York-based company that provides financial services for the multifamily sector, has named Daryl J. Carter chief executive officer of its commercial mortgage banking subsidiary, CharterMac Mortgage Capital Co.Mr. Carter will set the strategic direction of CharterMac Mortgage and be responsible for its national originations platform, whose annual volume is expected to touch $2 billion this year, according to CharterMac. He will also oversee the firm's $9 billion servicing portfolio. Mr. Carter joined CharterMac after it acquired Capri Capital, a company he co-founded in 1992, CharterMac said. "Under Mr. Carter's direction, we anticipate a major expansion of our mortgage banking operations," said Stuart J. Boesky, CharterMac's CEO. CharterMac can be found online at http://www.chartermac.com.

Chris Bowden has been promoted to vice president of HomeSteps, a division of Freddie Mac that is responsible for the management and sale of single-family real estate owned.Mr. Bowden reports to Ingrid Beckles, vice president for default asset management at Freddie Mac. Mr. Bowden joined HomeSteps in 1995 as an REO manager. Since January 1996, he has held both the director of sales and director of operations positions. Freddie Mac can be found online at http://www.freddiemac.com.

Edward V. Piccinich has been named executive vice president and director of operations and construction at SL Green Realty Corp., a New York-based real estate investment trust, and Steven M. Durels has been named EVP and director of leasing.Mr. Piccinich, 42, joined SL Green as senior vice president and director of property management and construction in 2002. The REIT said he is responsible for overseeing the management of 28 office buildings. Before joining SL Green, Mr. Piccinich was a vice president at J.P. Morgan and general manager of the World Trade Center. Mr. Durels, 45, joined the REIT in 1998 as a senior vice president. Before joining SL Green, he spent 16 years with Helmsley-Noyes, a commercial real estate firm, the company said. SL Green can be found online at http://www.slgreen.com.

S. Trezevant Moore Jr. has been named president and chief operating officer of Luminent Mortgage Capital Inc., San Francisco.Mr. Moore will replace Albert J. Gutierrez as president. Luminent said Mr. Gutierrez will concentrate on the company's agency and mortgage-backed securities spread portfolio. Mr. Moore was most recently executive vice president of capital markets for Radian Guaranty and previously held several senior-level posts in the mortgage industry, Luminent said. The company can be found online at http://www.luminentcapital.com.

Kathleen Brown, a former California treasurer and Democratic candidate for governor, has been appointed to the board of directors of Countrywide Financial Corp., Calabasas, Calif.Ms. Brown is currently a senior adviser on public finance for Goldman, Sachs & Co. She has also worked as an attorney in the Capital Markets Group of O'Melveny & Myers and as a member of the Investment Management Group of Bank of America. In the political arena, Ms. Brown was California state treasurer from 1991 through 1994 and was defeated in the 1994 California governor's race by the then-incumbent governor, Pete Wilson. She is the sister of Oakland Mayor and former California Gov. Jerry Brown. Countrywide can be found on the Web at http://www.countrywide.com.