People

Red Capital Markets, Columbus, Ohio, said that Tracy Peters has joined the National Housing & Rehabilitation Association board of directors.

Continuing its expansion in the suburbs of Washington, D.C., Eagle Bancorp, Bethesda, Md., has opened a pair of residential loan offices in Maryland and Virginia.

Stonegate Mortgage, Indianapolis, is looking to help banks deal with balance sheet volatility regarding mortgages, while at the same build its servicing portfolio. So it is starting a financial institutions channel to purchase loans on both a wholesale and correspondent basis.

First American Financial Corp. chairman emeritus and title insurance industry veteran Donald P. Kennedy has died at age 93.

Platinum Data Solutions, Aliso Viejo, Calif., appointed Phil Huff as its new chief executive officer.

Two sales associates for eWarehouseOne have resigned over the past few weeks, including industry veteran Henry Brandt.

PrivateBancorp Inc., Chicago, named Brant Ahrens president of personal client services, a new line of business combining the company's services to individuals and families under one unit.

Residential lenders originated $16.5 billion of FHA-backed single-family mortgages in February, a nearly 10% decline from the prior month as the home purchase market slowed.

State Bank & Trust, Fargo, N.D., appointed Todd Lee to executive vice president, Twin Cities managing director.

If you're looking for the missing piece to the mortgage "deconsolidation" equation, its name is Wells Fargo. Never before in the annals of residential finance has one company amassed such an enormous market share in lending (27%) and servicing (20%).