Richard A. Kraemer has been elected chairman of the board of Saxon Capital Inc., a residential mortgage lender and servicer based in Glen Allen, Va.Saxon said the move followed the board's acceptance of Edward G. Harshfield's resignation as chairman "as a result of increased responsibilities in other business activities." Mr. Harshfield will continue as a board member. Mr. Kraemer has been vice chairman of Saxon's board since 2001 and chairs its Audit Committee. The company can be found online at http://www.saxoncapitalinc.com
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