People

  • Catherine M. Jackson has been named senior vice president and controller of Radian Group Inc., a Philadelphia-based mortgage insurer. Ms. Jackson was most recently executive vice president and chief accounting officer for Capmark Financial Group Inc. She has over 20 years of experience in accounting and corporate financial management as well as "significant experience" in the real estate and the financial services industries, Radian said. The company can be found on the Web at http://www.radian.biz

    March 7
  • Steven R. Goldman has resigned as president and chief executive officer of Sunstone Hotel Investors Inc., a real estate investment trust based in San Clemente, Calif., to become president of Global Real Estate and Development at Hilton Hotels Corp. Mr. Goldman will remain at Sunstone until the end of March to assist in the transition of duties, the company said. The board of directors has appointed Robert A. Alter interim CEO, effective March 31. Mr. Alter currently serves as the company's executive chairman and was its CEO from its founding until March 2007. He will remain as interim CEO until a permanent CEO is hired.

    March 7
  • Joseph T. Lynyak III, a veteran banking regulatory lawyer with experience in mortgage and subprime lending matters, has joined Venable LLP as a partner in its Los Angeles and Washington, D.C. offices. Mr. Lynyak moves to Venable from financial services law firm Buckley Kolar LLP, where he practiced in the firm's Los Angeles and Washington, D.C. offices. In addition to mortgage-related matters, he has experience in retail banking, fair lending, and bank operations issues, including federal pre-emption and strategic planning, Venable said. The law firm can be found online at http://www.venable.com.

    March 5
  • Janice Brehm has been named senior vice president for mortgage banking at Ameriana Bank New Castle, Ind. Ms. Brehm will supervise the origination and processing of residential loans and will oversee the servicing responsibilities for the division. Ms. Brehm joined Ameriana in 2004 as a vice president in the Mortgage Lending Division. She was previously a mortgage loan officer and processing supervisor with First Bank Richmond NA in Richmond, Ind.

    March 3
  • Citigroup, New York, has given responsibility for risk oversight of its real estate and mortgage exposure to Greg Hawkins, a pioneer in the development of fixed-income valuation models. Notable aspects of his career include his start in 1985 on Wall Street as a mortgage researcher at Salomon Brothers, a firm later acquired by Citi, and his later involvement with the Long-Term Capital Management hedge fund as a founding partner in 1993. He is one of four new senior risk managers who will report to Brian Leach, the new chief risk officer. Mr. Leach, the successor to retiring Citi CRO Jorge Bermudez, is the CRO and co-chief operating officer of Citi's Old Lane hedge fund and was one of the six managers involved in the liquidation of LTCM.

    February 29
  • Joanne Berkowitz has been named executive vice president for risk management and operations at PMI Mortgage Insurance Co., a subsidiary of The PMI Group Inc. Ms. Berkowitz will be responsible for optimizing the credit risk, portfolio management, and risk-adjusted return objectives for PMI's U.S. mortgage insurance portfolio, as well as for underwriting and servicing operations, the company said. She was most recently the chief enterprise risk officer for The PMI Group. Ms. Berkowitz, who began her career with PMI in 1983, has held a variety of positions, including managing risk management and underwriting for U.S. mortgage insurance operations and for international and strategic investments.

    February 22
  • Roland Arnall, who founded both Ameriquest Mortgage and its wholesale affiliate Argent, has resigned as U.S. ambassador to the Netherlands effective March 7, citing his son's health. Mr. Arnall was confirmed as ambassador in early 2006 shortly after Ameriquest, once the nation's largest retail subprime lender, agreed to pay $325 million to settle predatory-lending allegations levied against it by attorneys general in 49 states. (Argent, which is now owned by Citigroup, was not a party to the settlement.) Ameriquest's retail arm was closed last year. Mr. Arnall's company, ACC Capital Holdings Corp. of Orange, Calif., is still in business, though it has little or no remaining presence in mortgages. "This was a difficult decision, and one Ambassador Arnall made only after careful consideration," said State Department spokesman Rob McInturff. "In 2006, his son Daniel was diagnosed with Hodgkin's lymphoma. Unfortunately, although initial treatment appeared to be effective, Daniel has had a relapse." Mr. Arnall and his wife Dawn are expected to return to the U.S. shortly.

    February 22
  • Craig Macnab, chief executive officer of National Retail Properties Inc., Orlando, Fla., has been appointed to the additional post of chairman of the board. Mr. Macnab succeeds Clifford R. Hinkle, who will remain on the board as lead director. Mr. Macnab joined the real estate investment trust in February 2004. The company also announced that Dennis Gershenson has been appointed to the board. Mr. Gershenson currently serves as president, CEO, and chairman of Ramco-Gershenson Properties Trust, a shopping center REIT. National Retail Properties can be found online at http://www.nnnreit.com.

    February 21
  • Joe McNally, a veteran mortgage industry executive, has joined BankAnnapolis, Annapolis, Md., as vice president and mortgage sales manager. Mr. McNally, who has more than 30 years of experience in the banking industry, comes to BankAnnapolis from First Horizon Home Loan, where he was district/area manager for the Mid-Atlantic Region. He previously spent 25 years with Bank of America and its predecessor institutions, where he held a variety of mortgage lending management positions.

    February 19
  • Gary C. Dunton, chairman and chief executive officer of MBIA Inc., a bond insurer that has been wrestling with mortgage-related woes, has resigned and been replaced by former executive chairman Joseph "Jay" Brown. Mr. Brown had been executive chairman of the Armonk, N.Y.-based company until his retirement in May of last year and previously served as chairman/CEO between January 1999 and May 2004. MBIA can be found online at http://www.mbia.com.

    February 19