Career moves

Glenn J. Mouridy has been named president and chief financial officer of MortgageIT Holdings Inc., a New York-based real estate investment trust.Mr. Mouridy was most recently executive vice president for operations and risk management at Chase Home Finance, a company he previously served as CFO. MortgageIT Holdings, the holding company for residential mortgage lender MortgageIT Inc., said Mr. Mouridy's experience includes financial management, strategic planning, servicing operations, risk management, structured finance, mergers and acquisitions, tax accounting, and law. MortgageIT can be found online at http://www.mortgageit.com.

Affordable Residential Communities Inc., Denver, has reported the resignation, effective immediately, of George McGeeney as president and chief operating officer of the real estate investment trust.The reason for the resignation was not disclosed. The equity REIT said Scott Jackson, the company's chairman and chief executive officer, has been appointed to the additional post of co-chief operating officer, and vice chairman John Sprengle has assumed the title of president and co-COO. In addition, Lawrence Kreider has been promoted to chief financial officer, the REIT said. ARC, which specializes in manufactured home communities, can be found online at http://www.aboutarc.com.

Theodore L. Chandler Jr. has been named president and chief executive officer of LandAmerica Financial Group Inc., Richmond, Va., which said the move brings about a separation of the roles of chairman and CEO at the company.The appointment is effective Jan. 1. Charles H. Foster Jr., the current chairman and CEO, will continue to serve as chairman, LandAmerica said. Mr. Chandler is currently LandAmerica's president and chief operating officer. Before joining LandAmerica full time, he practiced law for 22 years at the Williams Mullen law firm.

Julie A. Rousselow has been promoted to senior vice president of financial operations in the National Loan Administration servicing unit of GMAC Mortgage Corp., Horsham, Pa.The company also announced the hiring of Robert F. Hopson as director of property preservation and valuation in the servicing unit. Ms. Rousselow, who has been with GMAC Mortgage for nearly 20 years and held a number of financial positions, was most recently vice president of cash operations. Mr. Hopson was most recently a default manager for Cendant Mortgage Corp.'s foreclosure, bankruptcy, and property preservation departments. He has also held positions at CitiMortgage and Wendover Financial Services. GMAC Mortgage can be found online at http://www.gmacmortgage.com.

Jack Radin has been named senior vice president for capital markets at MortgageIT Inc., the New York City-based mortgage lending subsidiary of MortgageIT Holdings.Mr. Radin, a 24-year veteran of the residential mortgage banking business, was most recently director of mortgage finance at E*Trade Financial, MortgageIT said. Before that he was a managing director of finance and business development for Pedestal Inc. in Washington D.C., where he developed a virtual Internet mortgage conduit. Mr. Radin has also held positions at Mellon Mortgage Co., Weyerhaeuser Mortgage Co., and Mason-McDuffie Mortgage Corp.

Deutsche Bank Securities Inc. has reported the formation of a "special situations" group within its global markets division that will specialize in principal transactions involving all types of consumer and commercial credit.Erik Falk has been named managing director and head of the group, which is based in New York but also has staff in London. Mr. Falk was previously managing director, head of integrated sales, and co-head of securitized product sales in the Americas for Deutsche Bank. Deutsche Bank can be found on the Web at http://www.deutsche-bank.com.

Irma N. Tavares has been named to the newly created position of chief operating officer by Hanover Capital Mortgage Holdings Inc., Edison, N.J.Hanover said Ms. Tavares will remain a member of its board of directors, on which she has served since 1997. Before joining the company, she held various mortgage-related trading and operational posts at Citicorp Investment Bank and Bankers Trust Co. Hanover, a mortgage real estate investment trust, can be found on the Web at http://www.hanovercapitalholdings.com.

Jeffrey R. Johnson has been named president and chief executive officer of Franklin Credit Management Corp., a New York-based company that buys, manages, and sells subprime residential mortgage assets.Mr. Johnson was previously the founding president and chief executive officer of GMAC Bank, a subsidiary of General Motors Corp. He was also president and CEO of Equifax Secure, a subsidiary of the credit and financial information provider Equifax. Franklin Credit can be found on the Web at http://www.franklincredit.com.

Jeff Hoerster has been named president and chief operating officer of AllRegs, an Eagan, Minn.-based online publisher of reference information for the mortgage industry.The company said Mr. Hoerster has more than 20 years' industry experience, including 11 at Columbia National in Columbia, Md., where he left as senior vice president for operations, and nine years at Multi-Mortgage Services in Manasquan, N.J., where he was a part owner. AllRegs' products and services are used by over 90% of the top 100 lenders and in "numerous" governmental agencies, according to the company. It is the exclusive electronic publisher of Fannie Mae's and Freddie Mac's Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks' MPF Program Guidelines.

Charles Roberts, the London-based special counsel of Cadwalader, Wickersham & Taft LLP's, has been appointed chairman of the international committee of the Commercial Mortgage Securities Association.Mr. Roberts' role in this position will be to "create a forum for issuers, service providers, and investors in the rapidly growing internationally-based commercial mortgage-backed securities industry throughout Europe, Canada and Japan," Cadwalader, Wickersham & Taft reported. The firm can be found on the Web at http://www.cwt.com.

William C. Apgar, former commissioner of the Federal Housing Administration, has been named to the advisory board of AMCO, a Cleveland-based appraisal management company.Mr. Apgar is currently senior scholar at the Joint Center for Housing Studies at Harvard University. "For many years, there were simply no good methods to create accurate and compliant lending while still maintaining profitability and savings for the public," Mr. Apgar said. He decided to join AMCO's advisory board "to facilitate the development and distribution of products and services that create absolute compliance, accuracy, and profitability," he said. AMCO recently announced the appointment to the advisory board of Andrew M. Cuomo, a former secretary of the Department of Housing and Urban Development.

Leslie M. Muma, president and chief executive officer of Fiserv Inc., Brookfield, Wis., has announced that he plans to retire in June 2006."I believe that with this announcement -- tied to the creation of a Succession Committee of the Board -- we have taken a path to effect a smooth transition to new leadership over the next 20 months," Mr. Muma said. Mr. Muma also announced that Norm Balthasar, Fiserv's senior executive vice president and chief operating officer, has asked the board to remove his name from consideration for the CEO position. Mr. Balthasar noted his plans for retiring in 2008 and said he believes the corporation should look for a candidate with a longer time horizon. Fiserv provides data processing and information management systems to banks, mortgage lenders, and other financial institutions. It can be found online at http://www.fiserv.com.

Ron Kessinger, executive vice president and chief financial officer of Triad Guaranty Inc., Winston-Salem, N.C., has been promoted to the newly created post of senior executive vice president and chief operating officer.The company, the parent of mortgage insurer Triad Guaranty Insurance Corp., said it has begun a search to fill the CFO position. Mr. Kessinger will continue as CFO until a replacement is hired. Triad can be found on the Web at http://www.triadguaranty.com.

Gene Kilgore has been named executive vice president of structured securitization at Arbor Realty Trust Inc., Uniondale, N.Y.Mr. Kilgore will be responsible for overseeing Arbor's collateralized debt obligation initiatives, the real estate investment trust said. Before joining the multifamily and commercial REIT, Mr. Kilgore was a portfolio manager for ZAIS Group LLC, a structured finance investment adviser. Arbor can be found online at http://www.thearbornet.com.

H. Lynn Ryan has been named senior vice president and chief information officer of the loan origination units of NovaStar Financial Inc., Kansas City, Mo.Ms. Ryan was formerly executive vice president and CIO of Ameriquest Mortgage Co. and held other CIO positions with financial services companies prior to that, NovaStar said. NovaStar, a residential mortgage lender, can be found on the Web at http://www.novastarmortgage.com.

Daniel B. Deaton has been promoted to the newly created position of executive vice president for national retail production at CTX Mortgage Co., a Dallas-based subsidiary of Centex Corp.Mr. Deaton, who has been regional executive vice president for CTX's Southeast Region since joining the company in 1997, will lead CTX's nationwide retail branch network, consisting of about 140 offices, the company said. CTX also announced the hiring of John F. Karaszewski to succeed Mr. Deaton in heading the Southeast Region.

Select Portfolio Servicing Inc., Salt Lake City, has promoted its current president Matt Hollingsworth to be chief executive, replacing James Ozanne, who will remain chairman of the subprime servicing company formerly known as Fairbanks Capital Corp.Mr. Ozanne took over the management of Fairbanks in 2003 to clean up the company in the wake of investigations regarding its servicing practices. Mr. Hollingsworth joined Fairbanks in late 2002. He was previously in charge of U.S. branch operations for Associates First Capital Corp., a subprime lender that was acquired by Citigroup in 2000. Separately, Financial Security Assurance Inc. announced that Mr. Ozanne is rejoining its board of directors. FSA has a minority investment in SPS. Fairbanks changed its name to Select Portfolio Servicing on July 1.

Comptroller of the Currency John Hawke Jr. has decided to step down as the chief supervisor of national banks on Oct. 13 when his five-year term ends."I am pleased to report as I take my leave that the [national banking] system is strong and the national bank charter is strong and vibrant," the comptroller says in a letter to President Bush. Deputy Comptroller Julie Williams is expected to serve as acting comptroller until the Senate confirms Mr. Hawke's successor.

Carolyn Poppe has been appointed first vice president and national subprime operations manager at IndyMac Bancorp Inc., Pasadena, Calif.She will lead all operations initiatives, manage the subprime customer account and underwriting managers, and implement policies and procedures for the group, IndyMac said. Ms. Poppe was most recently first vice president and corporate operations manager at Long Beach Mortgage. She has also held senior management positions at J.P. Morgan Chase, Norwest Mortgage/Wells Fargo Bank, and Sutter Mortgage Corp.

LoanPerformance Inc. has hired Federal Reserve Board senior economist Paul S. Calem, whose research on mortgage credit risk has guided the Fed in developing new risk-based capital standards for the largest U.S. banks under the proposed Basel Capital Accord.Dr. Calem will be vice president for product development at LoanPerformance, a mortgage data and research firm based in San Francisco. He worked in the Fed's division of research and statistics for 10 years. Before his Basel-related work, Dr. Calem was co-developer of the Fed's statistical analysis procedures for fair-lending examinations.