Career moves

Michael J. Mazzei has been named managing director and head of U.S. real estate and commercial mortgage-backed securities at Barclays Capital, the investment banking division of Barclays PLC.Mr. Mazzei was most recently managing director and co-head of the real estate investment banking group at Lehman Brothers, where he also served for 10 years as the head of the company's fixed-income CMBS business, Barclays said. Grant Kvalheim, global head of investment banking and credit products at Barclays, said Mr. Mazzei will be charged with creating a team of about 50 professionals in a variety of disciplines. "The CMBS market averages some $78 billion in annual issuance, and it therefore represents an important new product area for Barclays Capital and for our clients," Mr. Kvalheim said. The company can be found online at http://www.barcap.com.

Howard M. Sipzner, chief financial officer and treasurer of Equity One Inc., North Miami Beach, Fla., has been appointed executive vice president of the real estate investment trust.The shopping center REIT said Mr. Sipzner will continue as CFO, but that David W. Briggs has been named vice president and treasurer. Mr. Briggs will also continue as chief accounting officer of the REIT. Mr. Sipzner, 42, has been with Equity One since 1999 following a 15-year career with Chase Securities, Chemical Banking Corp., and Merrill Lynch, the REIT said. Mr. Briggs, 43, spent 15 years with Westfield America and Ernst & Young LLP, joining Equity One in 2002.

Apartment Investment and Management Co., Denver, has announced that Peter Kompaniez will relinquish the title of president as of April 1 in conjunction with AIMCO's plan to hire a chief operating officer this year.The real estate investment trust said Mr. Kompaniez, one of the company's founders, will continue as vice chairman of AIMCO's board of directors and will be involved in various projects. He is the acting head of the Los Angeles Regional Operating Center, with authority over AIMCO's 42 conventional properties in California. AIMCO said Terry Considine, its chairman and chief executive officer, will serve as president pending the completion of the REIT's search for a COO. The company can be found on the Web at http://www.aimco.com.

Champion Mortgage, Parsippany, N.J., has announced the promotion of Steven K. Ives to vice president of organizational performance and project management and of Terri Finnerty to vice president and chief marketing officer.Mr. Ives, a five-year veteran of Champion, will be responsible for overseeing the company's performance and project management initiatives. He previously served as vice president and chief financial officer. Ms. Finnerty, who joined Champion in 2001 as assistant vice president for advertising, will be responsible for leading Champion's marketing efforts and overseeing the activities of Gerbig, Snell/Weisheimer, Champion's recently selected advertising agency. Champion, a division of Cleveland-based KeyCorp, can be found on the Web at http://www.champion.com.

Allen L. Wehrhahn has been named president of Key Mortgage Services, Parsippany, N.J., a newly formed unit of Cleveland-based KeyBank's Consumer Finance group.Mr. Wehrhahn is a veteran of more than 20 years in the financial services industry, and was most recently president of Key Home Equity Services. The new unit includes the home equity services and prime lending groups, which will use a streamlined operations facility, as well as home improvement loans, Secolink Settlement Services, and the consumer loan center, which will continue to operate under their current structure, the bank said. KeyBank, a subsidiary of KeyCorp, can be found online at http://www.keybank.com.

William S. Romney has been appointed chief restructuring officer for the bankrupt Metropolitan Mortgage & Securities Co. Inc., Spokane, Wash.Mr. Romney is a senior director at Alvarez & Marsal, a corporate restructuring, crisis management, and creditor advisory firm. A restructuring committee has been formed, and it includes William Smith, the chief financial officer of Metropolitan and president and CFO of its Summit Securities Inc. subsidiary (also in bankruptcy). Mr. Romney is also a member of the committee, as are Dale Whitney, the president of a number of insurance companies affiliated with Metropolitan, and Metropolitan's legal counsel, Michael Agostinelli and Lynn Ciani. Irv Marcus, who had been serving as chairman, president, and chief executive of Metropolitan since the resignation of C. Paul Sandifur Jr., has himself resigned all posts, including his prior position on the board of directors. In a related move, chief administrative officer Steve Corker has resigned.

Jay Catalfamo has been promoted to vice president of multifamily business operations and division controller at Freddie Mac.Mr. Catalfamo, a veteran of 17 years at Freddie Mac, will fill a vacancy created by the transfer of the division's previous controller, Vic O'Laughlen, to the Financial Accounting and Control Division to assist in Freddie Mac's financial restatements. The government-sponsored enterprise said Mr. Catalfamo will be responsible for managing the financial operations of its Multifamily Division and for overseeing multifamily portfolio accounting and financial and management reporting, among other things.

Eric Spence has been named executive vice president of the wholesale lending division at Countrywide Home Loans, Calabasas, Calif.In this position, he will be responsible for managing production and growth of the company's western division of its wholesale branch system. Most recently, Mr. Spence was executive vice president of home loan production for Washington Mutual, Seattle. There he was responsible for the company's wholesale, retail, and correspondent lending channels as well as its Long Beach Mortgage subprime unit. Prior to that, he was senior vice president of wholesale lending at WaMu and at Stockton, Calif.-based American Savings Bank, which WaMu acquired. Mr. Spence has experience in managing wholesale units with broad product lines, including originating conforming and jumbo adjustable-rate mortgages.

Moises "Moe" Vela Jr., who was the senior adviser on Hispanic affairs to former Vice President Al Gore, has been named chief operating officer and director of marketing at the San Diego-based National Association of Hispanic Real Estate Professionals.Mr. Vela left a "thriving" private consulting practice, Diverse Directions LLC, to join NAHREP, the organization said. Gary Acosta, chairman of the 14,000-member association, said under Mr. Vela's leadership the group hopes to expand its membership and "become a strong lobby in Washington in support of homeownership advocacy for the Latino community." The organization can be found on the Web at http://www.nahrep.org.

Criimi Mae, Rockville, Md., has appointed three new members to fill vacancies on its board of directors, including those created by the resignations of Donald J. MacKinnon and former company chairman William B. Dockser.The new appointees are Glenn J. Rufrano, chief executive officer of Excel Realty Trust; John S. Moody, president of the real estate division of Marsh & McLennan Cos.; and Bruce K. Robertson, a managing partner with Brascan Corp., Toronto. Criimi Mae, a commercial mortgage real estate investment trust, can be found online at http://www.criimimaeinc.com.

Leslie Rahl has been named to Fannie Mae's board of directors to fill the seat vacated when Stephen Friedman resigned to become assistant to the president for economic policy.Fannie Mae said Ms. Rahl will be included on the company's slate of directors and will stand for election at the annual shareholders' meeting in May. Franklin D. Raines, Fannie Mae's chairman and chief executive officer, cited Ms. Rahl's "experience in the financial markets and her understanding of the derivatives markets." Ms. Rahl is the president and founder of Capital Market Risk Advisors Inc., a financial advisory firm that specializes in risk management and capital markets strategy. She previously ran her own consulting firm, Leslie Rahl Associates, which concentrated in swaps, options, and derivative products.

Craig Macnab has been named chief executive officer of Commercial Net Lease Realty Inc., an equity real estate investment trust based in Orlando, Fla.Mr. Macnab succeeds James M. Seneff Jr., who has served as CEO of the REIT since 1992. Mr. Seneff will retain his title of chairman of the board. Mr. Macnab was previously CEO of JDN Realty Corp. in Atlanta. Commercial Net Lease Realty can be found on the Web at http://www.cnlreit.com.

Timothy R. Chrisman, chairman of Hawthorne Savings FSB and chief executive officer of Chrisman & Co., has been elected vice chairman of the board of directors of the Federal Home Loan Bank of San Francisco.Mr. Chrisman became a member of the board of the FHLBank a year ago. Chrisman & Co. is an executive search consultancy for financial and related industries.

Richard Powers has been named president of KB Home Mortgage Co., Los Angeles.KB Home said Mr. Powers, a veteran of over 15 years in mortgage banking, was most recently president and chief executive officer of Charter One Mortgage Corp., Cleveland. Before that, he was senior vice president of operations and production for Great Western Mortgage Corp. KB Home, the parent company of KB Home Mortgage, is a homebuilder with domestic operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, New Mexico, North Carolina, South Carolina, and Texas. The parent can be found on the Web at http://www.kbhome.com.

Greg Frost, one of the nation's top-producing mortgage brokers, has joined LoanToolbox, Westlake Village, Calif., as vice president for new product development.Tim Braheem, chief executive of LoanToolbox, said he and Mr. Frost are "much alike in that we're 'ham-and-egg' loan officers. We focus on things that are easy to implement -- that is, the basic building blocks of what it takes to be a great loan officer." Beginning in March, LoanToolbox members will have free access to five of Mr. Frost's trademarked marketing systems. He also plans to host live conference-call interviews, provide voice broadcast tips on time-sensitive issues, and continue to develop new products based on the changing needs of industry professionals. Members will also have the ability to call in twice a month for personal coaching and to discuss their immediate challenges. In 2002, Mr. Frost was ranked the nation's 19th-largest individual producer of mortgages, with volume of $143.80 million, according to Broker magazine, a MortgageWire affiliate.

John V. Britti has been named vice president of community lending at Freddie Mac.Mr. Britti will manage all of Community Lending's sales efforts and customer relationships, as well as the sales force and organization, the government-sponsored enterprise said. He will report to Dave Stevens, Freddie Mac's senior vice president of single-family lending. Mr. Britti was most recently vice president of adjacent lending operations and mortgages at Capital One Financial Corp., where he re-launched the company's mortgage business and led operations for its Direct Bank, installment lending, and new business integration, the GSE said. Mr. Britti previously held positions with several companies, and he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions.

Hugh R. Frater has been named executive vice president and head of real estate finance at PNC Financial Services Group Inc., Pittsburgh.Mr. Frater, 48, will be responsible for balance sheet lending, including lending for the acquisition, development, permanent financing, and operation of commercial real estate nationally, PNC said. He will also be responsible for Midland Loan Services, a provider of servicing and technology solutions to the commercial real estate finance industry, and PNC MultiFamily Capital, which serves the affordable housing industry. Mr. Frater joins PNC from BlackRock Inc., where he was a founding partner and head of the real estate group. The company can be found online at http://www.pnc.com.

Mortgage industry veteran Richard A. Mirro has been elected as an independent member of the board of directors of ResMAE Financial Corp., a wholesale specialty residential mortgage lender and servicer based in Brea, Calif.Mr. Mirro was previously chairman and chief executive officer of North American Mortgage Co. and executive vice president of Dime Savings Bank, NAMC's parent company. Before that, he was chairman and CEO of Fleet Mortgage following a decade at Chase Manhattan Mortgage, ResMAE said. The wholesaler also announced the election to the board of Robert E. Dean, who was most recently a senior managing director of Ernst & Young Corporate Finance LLC. M. Jack Mayesh, chairman and co-CEO of ResMAE, said the two new directors will be "tremendous assets as ResMAE rapidly expands throughout the country during the next year."

GMAC Commercial Mortgage Europe has appointed Marc Angoulvent as director of real estate activities in France.Prior to joining GMACCM Europe, he worked with General Motors and a number of leading French banks, where he specialized in property asset financing and structured finance. Mr. Angoulvent has more than 14 years' experience in the field of property finance.

American Business Financial Services Inc., Philadelphia, has announced the appointment of Peter J. Levasseur as executive vice president of Upland Mortgage Brokerage Services, a division of ABFS's wholly owned subsidiary Home American Credit Inc.ABFS said Mr. Levasseur will help guide Upland's expansion in California in support of the parent company's goal of gaining a foothold there and in other western states. Mr. Levasseur was previously president and chief executive officer of Amresco Residential Mortgage Corp. and senior vice president of Home Savings of America. He has more than 30 years' experience in the mortgage lending industry, ABFS said. The company can be found online at http://www.abfsonline.com.