Kathleen Lipps has been named senior vice president of the Northeast Division of WMC Mortgage Corp., a subprime wholesale lender based in Woodland Hills, Calif.Ms. Lipps, a veteran of more than 15 years in the mortgage industry, will manage WMC's newest regional hub in Rockland County, N.Y., as well as plan and carry out strategies for growth in the Northeast, the company said. She was most recently a vice president and senior regional manager with New Century Mortgage Corp. WMC can be found on the Web at http://www.wmcdirect.com.

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