People

William F. Casey has been named treasurer of Residential Capital LLC, a subsidiary of GMAC Financial Services, effective April 2.Mr. Casey, 44, succeeds Louise M. Herrle, who has served as treasurer at GMAC ResCap since September 2004. Ms. Herrle, who will remain through May to assist with the transition, is leaving full-time corporate involvement to pursue personal interests, including active community work, the company said. For the past 18 months, Mr. Casey has been managing director and assistant treasurer of GMAC ResCap. Before joining GMAC ResCap, Mr. Casey was senior vice president and treasurer of GMAC Residential in Horsham, Pa., and held senior banking and treasury positions at Merrill Lynch, Union Bank of Switzerland, Smith Barney, and Mellon Bank.

Bruce Van Fleet, a mortgage industry veteran with more than 30 years' experience, has been hired as executive vice president of sales and marketing at Triad Guaranty Inc., Winston-Salem, N.C.Before joining Triad, Mr. Van Fleet held a variety of senior sales and operation management positions at Radian Guaranty Inc., most recently as executive vice president and chief sales officer. He was previously senior vice president of corporate sales at Strategic Mortgage Services, Triad reported. Triad Guaranty Inc.'s wholly owned mortgage insurance subsidiary, Triad Guaranty Insurance Corp., can be found online at http://www.triadguaranty.com.

David Brackin has been named chief operating officer of Street Resource Group Inc., a provider of technology, information, and consulting for mortgage warehouse lenders.Mr. Brackin specializes in software development and information networks for the mortgage warehouse lending industry. Before joining SRG in 2002, he held senior management positions at several major companies, including USgift.com, a business-to-business website funded by Internet Capital Group; and Supplier Capital, a factoring software company. Street Resource can be found online at http://www.streetresource.com.

Countrywide Financial Corp. chairman and chief executive Angelo Mozilo will not stand for re-election as a director to Home Depot, the nation's largest home improvement retailer.According to a Home Depot filing with the Securities and Exchange Commission, Mr. Mozilo did not cite "any disagreement on any matter" relating to the company's "operations, policies or practices." The Countrywide founder gave notice in mid-March and will serve out his term as a director, which expires in May when Home Depot holds its annual meeting. Countrywide is the nation's fourth-largest originator of home equity mortgages, a category that includes home improvement loans.

Alan P. Hirmes has retired as chief operating officer of CharterMac, New York, and as a member of the company's board.Mr. Hirmes also retired as a member of the board of trustees of American Mortgage Acceptance Corp., a mortgage real estate investment trust advised by an affiliate of CharterMac. Mr. Hirmes, a founder of CharterMac's predecessor company, Related Capital Co., said he plans to devote his time to his family and "outside community interests." CharterMac can be found on the Web at http://www.chartermac.com.

Investment banker Sandler O'Neill has suspended coverage of Countrywide Financial Corp., a bellwether stock for the mortgage industry, citing a "change in research department personnel."Sandler analyst Mike McMahon has covered Countrywide -- the nation's largest mortgage banker -- for several years. He has consistently been bullish on CFC. Mr. McMahon could not be reached for comment as of MortgageWire's deadline. His phone at Sandler did not pick up. In addition to Countrywide, Sandler suspended coverage on 18 publicly traded financial institutions, most of which are community banks.

Myron "Mike" Filarski has been named president of KeyBank Mortgage, a division of KeyBank NA's Community Bank.Mr. Filarski, who has more than three decades of experience in the financial services industry, was most recently senior vice president of mortgage lending with Fifth Third Bank. He will be "spearheading a significant effort to increase mortgage originations throughout Key's 13-state footprint," the company said.

Felix DeHerrera, president of the Texas-based Southwest Alliance, has been named chairman of the National Association of Hispanic Real Estate Professionals.Rebecca Gallardo-Serrano, a member of NAHREP's executive committee and national board, will succeed Mr. DeHerrera as vice chairman. Mr. DeHerrera started NAHREP's first affiliate chapter in 2000 in Las Vegas. He and his wife, Christine, own a real estate office and a mortgage brokerage in Las Vegas, as well as a majority share of Southwest Alliance of Asset Managers, a management and marketing contractor for the Department of Housing and Urban Development. Ms. Gallardo-Serrano is a Silicon Valley-based Realtor and managing partner of Protelo Group Real Estate Services. NAHREP can be found online at http://www.nahrep.org.

Fiserv senior vice president Dan Welbaum has been hired as chief marketing officer at Mequon, Wis.-based Mortgagebot, MortgageWire has learned.Mr. Welbaum, long the head of sales and marketing for the Fiserv easyLender Products business unit, will be responsible for developing and executing Mortgagebot's marketing strategy, including overseeing industry partnerships and marketing communication efforts. Before joining Fiserv, Mr. Welbaum served in a management capacity at such organizations as Unisys, Bisys, Convergys, and The Kirchman Corp. In 1993, he joined the senior management team of the former Florida Informanagement Services, where as SVP of sales and marketing he helped build the company in preparation for its acquisition by Fiserv in 1997. Mortgagebot can be found on the Web at http://www.mortgagebot.com.

James E. Gilleran, president and chief executive officer of the Federal Home Loan Bank of Seattle, will leave his post effective this April.The bank’s board of directors has elected Richard Riccobono, the bank’s chief operating officer, to succeed Mr. Gilleran. Mr. Gilleran has agreed to continue as a consultant until the end of this year. Mr. Riccobono joined the bank as COO in August of 2005. Prior he was acting director at the Office of Thrift Supervision.