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Kevin Kaltenbach has been named executive vice president and director of corporate development for Senior Financial Corp., a privately held reverse mortgage company with corporate offices in Rocklin, Calif., and Renton, Wash. Mr. Kaltenbach, who has also been appointed to Senior Financial's board of directors, entered the reverse mortgage industry in 2001. Before joining Senior Financial, he was executive vice president and board member of Southern California-based American Senior Funding, according to Senior Financial.

GE Real Estate, Norwalk, Conn., has named Michael Rowan president of its Americas Equity unit, which sources and manages global investments in office, multifamily, industrial, retail, and parking asset classes. Mr. Rowan has been managing director of GERE's United Kingdom region, where he increased assets for both debt and equity from about $2 billion to more than $8 billion, according to the company. In his new position, he will be responsible for leading all GERE's equity investing operations, which include venture investments, direct investments, the Arden and InterPark operating platforms, its Canadian and Mexican equity investment portfolios, and emerging markets equity investing in South America.

Michael A. Ernst has been named executive vice president of finance of Harvard Property Trust LLC and for both Behringer Advisors LLC (the adviser for Behringer Harvard REIT I Inc.) and HPT Management Services LP (the property manager for the REIT). Mr. Ernst was most recently executive vice president and chief financial officer of UDR Inc., a publicly traded real estate investment trust. Before joining UDR, Mr. Ernst was executive vice president and CFO of Prentiss Properties Trust. Behringer Harvard, an Addison, Texas-based commercial real estate company, can be found on the Web at http://www.behringerharvard.com.

Michael N. Loukas has been named executive vice president of the securities division at Thompson National Properties LLC, Irvine, Calif. Mr. Loukas was previously regional vice president at Security Benefit Group. He previously held various positions with Maya Capital Advisors LLC, the Kelmoore Investment Co., and CIBC Oppenheimer. Thompson National provides value-added real estate investment opportunities and asset management to high-net-worth investors.

Great Florida Bank, Coral Gables, Fla., has announced an expansion of its residential lending division with the hiring of three new managing directors. The new directors are Chris Buttafuoco, Todd Roderiquez, and Ed Wilburn, all of whom were previously managing partners at Capital Mortgage LLC. Mr. Roderiquez was also that company's chief financial officer. The expansion of Great Florida's residential lending will also bring the addition of new programs to the bank's product lineup, including fixed- and adjustable-rate first-lien conforming loans, Federal Housing Administration loans, and other loans designed for low- and moderate-income borrowers, the bank said. The bank can be found on the Web at http://www.greatfloridabank.com.

Mortgage lender TCF Financial Corp., Wayzata, Minn., says William Cooper will be returning to the company as its chief executive officer. Mr. Cooper holds the chairman title, but he had been the lender's CEO from 1985 to 2005. He will continue as chairman of the board, in addition to filling the new CEO position. Current CEO Lynn Nagorske is retiring. He had succeeded Mr. Cooper as CEO in 2006. According to one analyst, Mr. Cooper made it clear that no one had been asked to leave. As at many financial institutions, the stock price at TCF has been hit hard during the nation's mortgage crisis. The company can be found online at http://www.tcfbank.com.

Brian R. DiDonato has been named a senior partner at Sorin Capital Management LLC, an independent investment firm based in Stamford, Conn., where he will be responsible for commercial real estate debt, among other things. Mr. DiDonato will also be responsible for equity and special situation investments and will be a member of the Investment Committee, Sorin said. Mr. DiDonato was most recently president and chief investment officer of Capmark Investments LP, a global real estate fund manager. He was previously an executive director at Morgan Stanley in the Securitized Products Group and a vice president at UBS Securities in the Fixed Income Division.

Patrick Carey, a former executive at Wells Fargo Home Mortgage, has been named chief executive officer of Titanium Holdings Inc., the Salt Lake City-based parent company of Titanium Solutions Inc., a provider of homeowner contacting and consulting services. Titanium Holdings also announced the promotions of Todd Sibley to chairman and Spencer Erekson, a co-founder of Titanium Solutions, to president. Mr. Carey was most recently executive vice president of default and retention operations for Wells Fargo Home Mortgage. He previously held executive positions at UNUM Life Insurance Company of America, First Card Corp., and JPMorgan Chase. Titanium can be found on the Web at http://www.titaniuminc.com.

Thomas J. Wurtz will step down as chief financial officer of Wachovia Corp., Charlotte, N.C., after a successor has been named, according to the company. Wachovia said it will immediately launch a search for a replacement. The reason for Mr. Wurtz's decision to step down was not disclosed. He served as the company's treasurer for seven years before becoming CFO two-and-a-half years ago, Wachovia said. The company can be found on the Web at http://www.wachovia.com.

Joseph A. Pensabene has been named executive vice president and chief servicing officer at Residential Capital LLC, a wholly owned subsidiary of GMAC Financial Services. Mr. Pensabene, who will operate from Fort Washington, Pa., has been with ResCap and its predecessor companies for 12 years. He previously served in various executive positions in corporate finance, servicing, and lending, most recently as a senior vice president and managing director of consumer services operations, the company said. Before joining ResCap, Mr. Pensabene held senior positions at Alliance Bank and Deloitte & Touche LLP.