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DebtMarket of Los Angeles, which operates an online marketplace for trading whole loans, has officially named Stuart McFarland, a former Fannie Mae chief financial officer, as a top advisor to the firm. The company said Mr. McFarland will serve as a special advisor for capital and federal markets. The company also named Jim Jones and Bob Feller to its board. During his long career in mortgages, Mr. McFarland has worked for GE Capital Asset Management, and Pedestal, an early B2B online trading platform. Mr. Jones is a former CEO of GMAC's Residential Capital Corp. unit and Mr. Feller is a former CEO of Capmark Financial Group, a company that recently went through bankruptcy. Mr. McFarland first began working with DebtMarket late last year.

At the first trimester meeting of 2010 of the Mortgage Industry Standards Maintenance Organization, overall attendance was at a two-year high and volunteers of the technology data standards body elected a new chairman and vice chairman. Harry Gardner, the chief strategy officer at SigniaDocs, was elected to the MISMO governance committee. Shortly after his seat on governance was secured, he also was elected chairman of the standards group, replacing Ron Duff of Fiserv. Mr. Gardner also will be the liaison between MISMO's governance body and the board. Taking on a leadership role within MISMO is actually old hat for Mr. Gardner -- he was in charge of MISMO when he served as the vice president of industry technology for MBA. Early last year, Mr. Gardner and the entire industry technology staff at MBA were laid off as MBA opted to outsource the management of MISMO to MERS instead of relying on internal, paid staff to do the job.

State Bank of North Carolina is acquiring cross-town mortgage lender Affiliated Mortgage LLC of Raleigh for an undisclosed sum. The agreement calls for the purchase to close on or before February 12, 2010, at which time Affiliated will become a new division of the bank called North State Bank Mortgage. Ken Sykes, Affiliated's managing partner, will serve as president. "Simply put, we are in the relationship banking business," said North State president and chief executive Larry Barbour. "Being able to provide residential mortgages for our customers is a critical part of our commitment to serving them." Affiliated opened its doors in 1994 as a mortgage broker but subsequently became a mortgage banker. "The staff at Affiliated offers excellent service, and culturally our two firms are well-aligned, which is extremely important as we work together," Barbour said. Mr. Sykes noted that both entities serve same clientele.

Clayton Holdings, Shelton, Conn., has hired Raymond Redlingshafer as senior managing director. Mr. Redlingshafer brings more than 25 years of experience to Clayton Holdings including trading MBS and whole loans, managing a fixed-income institutional sales force, founding a mortgage REIT and taking the company public. At Clayton he will focus on expanding the firm's relationships with secondary market participants and on business development and promotion of its core products. "Although the secondary markets have been in turmoil, there remain opportunities in the market," said Paul Bossidy, Clayton's chief executive officer. "Investors need more than data; they need useful information and insights. Ray brings the market acumen and experience to enable Clayton to help our clients succeed."

Ginnie Mae has experienced tremendous growth in the last few years, therefore it faces operational challenges, according to Theodore Tozer, President Obama's nominee to be the agency's new president. Mr. Tozer told the Senate Banking Committee at his confirmation hearing that Ginnie Mae has become a major player in the mortgage-backed securities market and it has to address counter-party risk with its MBS issuers. "Ginnie has a good foundation and dedicated staff and I look forward to working with them, if confirmed, to move the agency to the next level and make it a very solid operation that can support the housing market," he told the senators. It appears that the full Senate, according to lobbyists, will confirm Mr. Tozer. The nominee has worked at National City and now at PNC Financial Services Group as a capital markets executive. Mr. Tozer has been involved in issuing Ginnie Mae MBS since 1986. Ginnie Mae issued $414 billion in MBS last year, up from $97 billion in 2007.

Mortgage brokers are hopeful that the newly elected Senator from Massachusetts — a closing attorney who once worked with loan officers — could come to their aid. State Senator Scott Brown, a Republican, on Tuesday won the open Senate seat created by the death of Sen. Ted Kennedy (D-Mass.) "He understands how things work," said Marc Savitt, president of the National Association of Independent Housing Professionals. A spokeswoman for Mr. Brown confirmed that he has worked as a closing attorney but said it is too early for him to start talking about where he stands on such issues as the Consumer Financial Protection Agency, and tighter regulation for loan officers and loan brokers. Still, some mortgage brokers are optimistic on the possibilities. "It certainly can't hurt that he used to do closings," said Mr. Savitt. Richard Shapiro, principal in Asset Mortgage Group of Natick, Mass., said he has not closed loans with Mr. Brown but said one of his staffers has. "He's a small local guy," he said of Mr. Brown. Mr. Shapiro said he is hopeful that if Mr. Brown becomes a member of the Senate Banking Committee he might be able to help brokers with some of the hefty licensing fees they are now being charged.

Mark Savitt, the immediate past president of the National Association of Mortgage Brokers — and who recently launched a new trade group — has resigned from NAMB's board of directors, effective immediately. Mr. Savitt said his resignation from NAMB was his own decision but declined to comment further except to say this week he is meeting with government representatives on two key issues facing the industry: the Home Valuation Code of Conduct, and yield spread premiums. Mr. Savitt's new trade group is called the National Association of Independent Housing Professionals. He is president and CEO of the group, which officially launched two weeks ago. At NAMB, George Hanzimanolis, who was the organization's president in 2007- 2008, has been appointed to fill out Mr. Savitt's term and will serve as chairman of NAMB's nominating committee. No reason was given in a statement issued by NAMB.

Morgan Stanley said John Klopp is joining the company as head of Americas real estate investing and global real estate debt, investing effective February 1. Mr. Klopp is a 30-year veteran of the real estate industry, recently serving as CEO of the investment management and real estate finance firm he co-founded, Capital Trust. During his career he was also a founder and managing partner of private merchant banking boutique Victor Capital Group, a specialist in workouts and distressed debt.

The American Securitization Forum has ended its administrative relationship with the Securities Industry and Financial Markets Association and said its acting executive director will now permanently assume that post. "The ASF has been self-funded and self-governed since its inception in 2002 but has utilized certain operational resources of SIFMA," the former trade group said. "That relationship has ended and the ASF will now independently serve the securitization markets to restore credit flow to Main Street." The group has been particularly focused on setting industry guidelines aimed at restoring new issuance in the residential mortgage-backed securities market. The ASF's board unanimously chose Tom Deutsch to permanently serve as the group's executive director. Previous to serving as acting executive director, Mr. Deutsch had been deputy executive director. Executive director George Miller resigned in December, saying he planned to remain professionally connected to the business but in a different capacity.

Mortgage Cadence Inc., Denver, has hired John Levonick as its chief legal and compliance officer. In his previous positions, he worked with creditors, servicers, secondary market participants and technology vendors to provide guidance on compliance with various laws and regulations that affect the industry. At Mortgage Cadence, Mr. Levonick will work closely with clients to identify and manage compliance risk, help interpret compliance requirements, develop risk mitigation strategies and implement the requisite controls in the company's technology platform.