People

The president and chief executive of the Mortgage Bankers Association, David Stevens, is stepping down after one year to become the president of SunTrust Mortgage.

Bay Equity Home Loans said that Eva Sharma has returned to the company as a wholesale senior account executive in San Diego.

SunTrust Mortgage hired former MetLife Home Loans executive Linda Steiner as a regional wholesale manager based in the Pacific Northwest area.

First American Title Insurance Co.’s mortgage services division named Eric Friedman chief operating officer for its default services group.

Paul M. Herron, who founded the Washington Bureau of National Mortgage News in the early 1980s, died this past weekend. He was 91.

Gary Carlson, a founder of Eagle Home Mortgage in Bellevue, Wash., has joined Mason McDuffie Mortgage Corp. as a senior vice president.

James Freis was dismissed from his position as director of the Financial Crimes Enforcement Network last week after refusing to step down, a person familiar with the situation confirmed Monday.

Susan Carlson, a founder of Eagle Home Mortgage in Bellevue, Wash., has joined Mason McDuffie Mortgage Corp. as senior vice president.

You remember the HARP program, don’t you? Originally, the idea was to refinance current but high LTV Fannie Mae/Freddie Mac borrowers into new, lower-rate loans—provided they were current. Home values (and lack of equity) reeked havoc on the concept so Uncle Sam took the LTV girdle off.

For No. 3 producer Shelly Logemann, it is being responsive to her clients, plus having the proper work/life balance which is important to her success as an originator.