People

Mentoring the newbies in the mortgage business may help them avoid boom-and-bust errors later in their careers. And it can be a personally satisfying thing to do as well.

In another reshuffling of its mortgage ranks, Bank of America has promoted D. Steve Boland, who joined the company through the 2008 acquisition of Countrywide Financial, to head residential lending.

Maverick Funding Corp. named reverse mortgage origination expert Cecilia Delgado as wholesale account executive for its reverse mortgage network Western region.

Julian Castro, who was confirmed as the new secretary for housing and urban development, is bound to face continued industry lobbying to lower premiums paid to the Federal Housing Administration.

Fortress Investment Group hired Adam Siegel, a former trader at Royal Bank of Scotland Group, to expand its mortgage business.

FormFree Holdings, a mortgage technology vendor in Athens, Ga., has appointed John Sheppard, a former Coca-Cola International executive, to be its president and chief operating officer.

Jackson Martin has joined Austin, Texas-based commercial real estate services firm, The Stone Group, as vice president.

National Mortgage News has won an award from the Native American Journalists Association.

When serving United Nations employees, knowing how to explain the ins and outs of housing finance in the U.S. is a must. Fortunately for Chip Allen, mortgages run in his blood.

Envoy Mortgage said that its president, Patrick Walden, has been named president and CEO.