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  • Larry Jackson has been named to the newly created position of senior vice president of secondary marketing at DeepGreen Financial, a Cleveland-based online home equity lender.Mr. Jackson joins DeepGreen from Shore Mortgage, Birmingham, Mich., where he was chief financial officer. He was previously senior vice president for secondary marketing products and consulting at MortgageFlex Systems. At DeepGreen, he will manage the company's product offering, pricing, and investor relations and supervise its hedging and sales activities, the company said. DeepGreen can be found on the Web at http://www.deepgreenfinancial.com.

    November 21
  • John R. Price has been named president and chief executive officer of the Federal Home Loan Bank of Pittsburgh effective Jan. 2.Mr. Price, 66, will succeed James D. Roy, who will retire at the end of the year. Since 2001, Mr. Price has been senior adviser to the Institute of International Finance, a Washington, D.C.-based global organization with approximately 340 banks and central banks as members, according to the FHLBank. He is also president and chief executive officer of the International Financial Development Corp. Mr. Price previously spent 29 years at what is now J.P. Morgan Chase & Co., beginning in 1972 with Manufacturers Hanover. He spent his last years with the company running government relations worldwide at Chase Manhattan. The Pittsburgh FHLBank can be found online at http://www.fhlb-pgh.com.

    November 21
  • Mark A. Casale has been named executive vice president for mortgage insurance at Radian Group Inc., a Philadelphia-based provider of credit risk management products and services.Mr. Casale, 41, will be responsible for the company's mortgage insurance business in the United States. Mr. Casale was most recently Radian's senior vice president for capital markets, and was responsible for developing credit enhancement solutions for nonprime mortgage originators and securities firms. Before joining Radian in 2001, Mr. Casale held several executive positions in Advanta Corp.'s mortgage group. Radian can be found on the Web at http://www.radian.biz.

    November 18
  • Timothy Bitsberger, a former senior Treasury Department official and a Wall Street veteran, has been named treasurer and senior vice president for funding and investor relations at Freddie Mac.Mr. Bitsberger, who will join the company in January, served until recently as assistant secretary for financial markets at the Department of the Treasury. He advised the undersecretary for domestic finance on policy regarding federal debt management and financial market oversight, among other things. Mr. Bitsberger also served as a board representative to the Pension Benefit Guaranty Corp., and he worked on Wall Street for more than 15 years, most recently as a senior vice president of investments at Salomon Smith Barney.

    November 18
  • Frank L. Raiter has been named to the board of directors of Clayton Holdings Inc., a Shelton, Conn.-based provider of integrated analytic and consulting services to the mortgage industry.Mr. Raiter was managing director of the Residential Mortgage Ratings Group at Standard & Poor's before retiring earlier this year. He was previously chief investment officer of Caliber Bank and chief financial officer of Jefferson Savings and Loan, Clayton Holdings said. Mr. Raiter was also the assistant director of the Office of Securities Transactions for the Resolution Trust Corp. Clayton Holdings can be found online at http://www.clayton.com.

    November 17
  • Robert N. Pruett has been named executive vice president and outsourcing relationship manager at EMC Mortgage Corp., Irving, Texas.Mr. Pruett was most recently vice president of international initiatives, business process outsourcing, and global mortgage origination services at Ocwen Financial Corp. Before that, he was managing director at RP Consulting in Scottsdale, Ariz., executive vice president and chief operating officer of Commac Inc. in Phoenix, and president/chief executive officer/chief financial officer of Matrix Financial Services in Phoenix. In related news, EMC also announced the appointment of Charles E. "Rick" Russell as senior vice president and chief litigation counsel. Mr. Russell was formerly deputy general counsel for regulatory and compliance matters for American General Finance Inc. and senior vice president in charge of litigation for Associates Financial Services Co.

    November 16
  • The American Financial Services Association has announced that Thomas B. Hallman, vice chairman of CIT Group Inc., will serve a second term as AFSA's chairman.Mr. Hallman's continued involvement "is intended to help provide continuity and a smooth leadership transition as AFSA president and chief executive officer Randy Lively prepares to retire in 2006," the association said. Mr. Hallman's career spans more than 30 years in the financial services industry, during which he has led national and international organizations engaged in consumer and commercial lending and leasing, AFSA said. In addition to being CIT Group's vice chairman, Mr. Hallman serves as chairman of CIT Bank.

    November 16
  • Robert W. Lee has been named senior vice president in the capital markets group of Mortgage Industry Advisory Co., a New York-based provider of risk management services.Mr. Lee is joining MIAC after a seven-year tenure at Lehman Brothers, which purchased Cohane Rafferty LLC in 2002. He was previously employed by Bayview Financial, where he was responsible for overall mortgage servicing analytics, transactions, and merger-and-acquisition assignments, MIAC said. Mr. Lee also spent seven years at PaineWebber. MIAC can be found online at http://www.servicing.com.

    November 10
  • CoreStar Financial Group, a Timonium, Md.-based mortgage banking company focused on the subprime market, has named Kurt Kabula to lead the expansion of its national wholesale division in the Southeast.CoreStar said its rapid growth in Florida, Georgia, Alabama, and the Carolinas is expected to result in a 200% increase in its geographically dispersed employee base by the end of the year. Because Mr. Kabula's immediate focus will be on developing sales in Florida, he will be based in Ft. Lauderdale, but will spend an equal amount of time in Timonium, CoreStar said. The company can be found on the Web at http://www.corestar.com.

    November 8
  • Fiserv Inc., Brookfield, Wis., has named Jeffery W. Yabuki president, chief executive officer, and a member of the board of directors effective on or before Dec. 1.Mr. Yabuki will succeed Leslie M. Muma, who is retiring as president and CEO but will continue in a consulting capacity to the company until June 30, 2006, and as a director until the 2006 Fiserv annual meeting. Mr. Yabuki joins Fiserv from H&R Block Inc., where he spent six years and served as executive vice president and chief operating officer since 2002. In that role he had oversight of the domestic and international tax businesses, e-commerce activities, and the financial services business units operating under the H&R Block brand, as well as marketing, information technology, compliance, and corporate development. He also served on H&R Block's Planning & Policy Committee. Fiserv can be found on the Web at http://www.fiserv.com.

    November 8