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Stuart J. Boesky will step down Nov. 15 as chief executive officer of CharterMac, New York, and American Mortgage Acceptance Co., a New York-based real estate investment trust of which CharterMac is the external adviser, the companies have announced.In addition to his CEO role, Mr. Boesky is also stepping down as a member of CharterMac's board of trustees and as chairman and president of AMAC. CharterMac chairman Stephen M. Ross, who will become interim CEO of the company, lavished praise on Mr. Boesky for his nearly 20 years at CharterMac and said he will stay on as a consultant to both companies for a year. Jeff T. Blau, president of The Related Cos. and a member of CharterMac's board, has been named interim chairman and CEO of AMAC, and CharterMac president Marc D. Schnitzer has been named president of AMAC. "I felt it was the right time in my career for me to tackle some new challenges and opportunities," Mr. Boesky said. CharterMac is a real estate finance company that focuses on multifamily financing. The companies can be found online at http://www.chartermac.com and http://www.americanmortgageco.com.

Jeffrey M. Peek, chairman and chief executive officer of CIT Group Inc., has been elected to Freddie Mac's board of directors, effective Jan. 1.A 30-year veteran of the financial services industry, Mr. Peek has served as CEO of CIT, a commercial and consumer finance company, since July 2004 and as chairman since January 2005. He was previously president and chief operating officer of the company. Before that, he served as vice chairman of Credit Suisse First Boston LLC, and he spent nearly 20 years, from 1983 to 2002, at Merrill Lynch. Mr. Peek will serve on the Finance and Capital Deployment Committee and the Mission and Sourcing Committee of Freddie Mac's board. He will fill the director seat now held by Joan Donoghue, who is resigning effective Dec. 31. Ms. Donoghue is counselor to the chairman of Freddie Mac, and previously served as its general counsel.

Martin F. Wood has been named to the newly created position of senior vice president of international business development by Mortgage Guaranty Insurance Corp., Milwaukee.Mr. Wood will be responsible for determining what international markets are strategically important to MGIC and implementing a global business plan, the company said. "International markets are becoming more sophisticated, which makes this the right time for MGIC to revisit international business opportunities," said Curt Culver, president and chief executive officer of MGIC. Mr. Wood was most recently international business development leader at Genworth Financial Mortgage Insurance Division in Raleigh, N.C. Before that, he held various posts at Genworth, including international chief financial officer. Mr. Wood also spent 12 years with Price Waterhouse. MGIC can be found online at http://www.mgic.com.

Ronald J. Cathcart has been named executive vice president and chief enterprise risk officer of Washington Mutual Inc., Seattle, effective Dec. 1.Mr. Cathcart, 53, joins WaMu from the Canadian Imperial Bank of Commerce, where he served as executive vice president of retail risk management. He has had more than 23 years of experience in risk management policy and governance, WaMu said. Mr. Cathcart replaces the retiring chief enterprise risk officer, James Vanasek, who will remain with the company through the end of the year. WaMu can be found online at http://www.wamu.com.

Ronald R. Maudsley has been named president and chief executive officer of United General Title Insurance Co., a Denver-based subsidiary of First American Title Insurance Co.Before joining United General, Mr. Maudsley spent 17 years with an unnamed large national title insurer, United General said. The company can be found online at http://www.ugtic.com.

Smith Barney has hired Prudential official Bradley Ball to be its new mortgage equities analyst, replacing the departing Matt Vetto.Mr. Ball worked for Prudential Securities as recently as late September. As an analyst there, he covered Freddie Mac and other stocks. An official at Citigroup said Mr. Vetto, who could not be reached for comment, went to work for a hedge fund. Mr. Vetto's coverage universe included Fannie Mae, Freddie Mac, and Countrywide Financial.

Freddie Mac's senior vice president and corporate controller, John Woods, has resigned, accepting a position with lending giant Washington Mutual Inc., Seattle.The resignation is effective Oct. 28. Mr. Woods also held the title of principal accounting officer. He will become WaMu's corporate controller. Martin Baumann, Freddie Mac's executive vice president of finance, credited Mr. Woods with helping the government-sponsored enterprise bolster its accounting talent. Damaged by a $5 billion earnings restatement scandal that erupted nearly three years ago, Freddie is almost current again on its financial reporting. Freddie Mac can be found online at http://www.freddiemac.com.

Joseph Stanganelli has been named national broker sales executive for the recently established broker origination channel of Thornburg Mortgage Inc., Santa Fe, N.M.The company said Mr. Stanganelli's primary responsibility will be the development of the broker sales channel. Mr. Stanganelli comes to Thornburg from Bank of America, where he held senior vice president positions in BoA's National Wholesale Affinity Group and its Northeast and Eastern wholesale divisions. Among his previous employers in his 24 years in the mortgage industry were Fleet Mortgage and Plaza Home Mortgage, Thornburg said.

Tommy Orr has been named chief operating officer of Network Funding LP, a Houston-based wholesale mortgage lender.Mr. Orr has been head of branch development and support for Network Funding since joining the company in 2004. Before that, Mr. Orr served as senior vice president for Harbor Financial Mortgage Corp., America's Lending Center Inc., and FundAmerica Mortgage LLP, and he owned his own mortgage company, Texas United Mortgage, from 2001 to 2004. He is a past director of the Texas Mortgage Bankers Association. Network Funding can be found online at http://www.networkfundingusa.com.

Bruce Paradis has been named chief executive officer of Residential Capital Corp., Minneapolis, and David Applegate has been named chief operating officer of ResCap and president of the company's U.S. Residential Finance Group.Mr. Paradis, who has more than 30 years of experience in the real estate finance industry, has served as GMAC-RFC's CEO since 1994. (ResCap is the recently formed parent company of GMAC Mortgage and Residential Funding Corp., also known as GMAC-RFC.) ResCap said Mr. Applegate, who previously shared CEO duties with Mr. Paradis, will have direct responsibility for the company's U.S. residential real estate finance segments: the Residential Capital Group and GMAC Residential.