Matthews Departs Suddenly as RBC Prez

A week ago RBC Mortgage president Dave Matthews was bullish on the future of his company. Today, Mr. Matthews is out in the cold.In a statement released after the market closed Thursday, the Royal Bank of Canada-owned RBC revealed that Mr. Matthews had left the company, "to pursue other interests." As of MortgageWire's deadline Friday, Mr. Matthews could not be reached for comment. A company spokeswoman would only say, "He decided to leave." He is scheduled to speak at the upcoming annual convention of the Mortgage Bankers Association of America. Mr. Matthews joined the Chicago-based RBC in the spring of 2000, leaving Ultraprise, a business-to-business mortgage firm. A well-known industry veteran, he started his career in mortgage banking at Margaretten & Co., Edison, N.J. In the wake of his departure, the company has named Jonathan Threadgill as its new president. Mr. Threadgill was chief executive of Sterling Capital Mortgage, Houston, which RBC recently acquired. With the Sterling acquisition, RBC now ranks among the top 20 residential funders in the U.S., according to statistics compiled in the Quarterly Data Report.