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United Guaranty Corp., Greensboro, N.C., the nation's third largest mortgage insurer, Tuesday named Kim Garland to be the firm's new president and CEO.

The national mortgage delinquency rate fell to 7.97% in January, a slight sequential improvement, and an 11% drop from the same month a year ago, according to "first look" figures compiled by Lender Processing Services.

Wendover Consulting Inc., Greensboro, N.C., a consulting firm focused on servicing the reverse mortgage industry, named Karen Stegall as director of audit and compliance.

First things first: Yes, I can live on $500,000. Heck, I can live on $250,000 a year. Would I like to run Fannie Mae, the government-controlled mortgage giant? Answer: Sure, why not? But first I have a few stipulations.

A search firm trying to find a new CEO for Fannie Mae is asking candidates this very basic question: Can you live on $500,000 a year?

PERL Mortgage Inc. named Mark Daly senior vice president, national sales manager.

Fannie Mae is considering the head of a banking industry trade group and its own general counsel as possible replacements for departing CEO Michael Williams, according to published reports.

Arbor Commercial Mortgage, Uniondale, N.Y., promoted John Caulfield to chief operating officer.

Hilco Real Estate, Northbrook, Ill., said that Joel Schneider has joined the company as senior vice president, dispositions.

Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, hired Lorie Helms as chief technology officer.