DebtMarket of Los Angeles, which operates an online marketplace for trading whole loans, has officially named Stuart McFarland, a former Fannie Mae chief financial officer, as a top advisor to the firm. The company said Mr. McFarland will serve as a special advisor for capital and federal markets. The company also named Jim Jones and Bob Feller to its board. During his long career in mortgages, Mr. McFarland has worked for GE Capital Asset Management, and Pedestal, an early B2B online trading platform. Mr. Jones is a former CEO of GMAC's Residential Capital Corp. unit and Mr. Feller is a former CEO of Capmark Financial Group, a company that recently went through bankruptcy. Mr. McFarland first began working with DebtMarket late last year.
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