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  • Phil Dandridge has been named chief financial officer of Secured Funding, a Costa Mesa, Calif.-based retail and wholesale lender specializing in second mortgages.Mr. Dandridge has more than 20 years of experience in the financial industry, the last seven of them as CFO of Edison Capital, Secured Funding said. He plans to expand Secured Funding's sources of capital to ensure that it has the resources needed for continued growth, the company said. Secured Funding can be found online at http://www.securedfunding.com.

    September 6
  • David Hamilton has been promoted to executive vice president of acquisitions and inventory management at EMC Mortgage Corp., Irving, Texas, and Jo-Karen Whitlock was been promoted to senior vice president of conduit.Mr. Hamilton was promoted to EVP after 14 years at EMC, most recently as senior vice president. He has overseen various departments, including due diligence, asset evaluation, and trading support, the company said. Before joining EMC, Mr. Hamilton served on the retail originations side of the mortgage industry with such companies as The Associates, Manufacturers Hanover, Anchor Mortgage Services, and Equitable Banc Mortgage Corp. Ms. Whitlock has more than 25 years of industry experience, the last three of them with EMC. She was previously regional underwriting manager for Wells Fargo Home Mortgage, vice president of GMAC/RFC, and underwriting manager and risk manager at Fannie Mae, among other positions.

    September 6
  • Dave Mercer has been named executive vice president for sales and marketing at MortgageBrokers.com Inc., a subsidiary of MortgageBrokers.com Holdings Inc.Before joining the company, Mr. Mercer was president of Lending Source Canada Inc., and he spent four years as a regional manager for The Mortgage Alliance Co. of Canada. He has 23 years of experience in the real estate and mortgage industries, MortgageBrokers.com said. The company said Mr. Mercer will promote its Broker Channel Acquisition Program, through which MortgageBrokers.com will offer mortgage brokers equity ownership in a public company in exchange for their origination volume. The company can be found on the Web at http://www.mortgagebrokers.com.

    September 2
  • GMAC Mortgage, Horsham, Pa., has announced the recent appointment of two chief operating officers and a chief financial officer.Ralph Hall has been named chief operating officer for business operations, and will oversee GMAC Bank, business lending, capital markets, and information technology, the company said. Jim Hillman has been named COO for consumer operations, overseeing consumer lending, national loan administration, and servicing assets. The new CFO is Dave Bricker. GMAC Mortgage also announced the appointment of Jim Whitlinger as senior vice president and chief accounting officer, and Scott Griffith as vice president and managing director of servicing valuation and analytics. The company can be found online at http://www.gmacmortgage.com.

    August 31
  • Jack Praschnik has been named senior vice president and head of the global structured products group at Radian Asset Assurance Inc., a Philadelphia-based provider of asset-backed securities and financial guaranty services.In addition to group management responsibilities, Mr. Praschnik will evaluate strategies for the growth of the structured finance business. He has been senior vice president and head of global strategies at Radian since 2003. Mr. Praschnik's previous experience includes over 14 years in risk management, strategic planning, and economic risk analysis, Radian said. He spent several years at MBIA Insurance Corp. as managing director for portfolio risk management. Radian Asset Assurance is a financial guaranty subsidiary of Radian Group Inc., a global credit enhancement company. The parent company can be found on the Web at www.radian.biz.

    August 30
  • MortgageBrokers.com Holdings Inc., a company that does business in the United States and Canada, has appointed Matthew Laverty as executive vice president for sales of its MortgageBrokers.com Inc. subsidiary in New York.Prior to joining MortgageBrokers.com, Mr. Laverty was the regional sales director for GMAC subsidiary Mortgage Intelligence Inc. In his new position, Mr. Laverty will be responsible for executing MortgageBrokers.com's "Broker Channel Acquisition Program," through which the company will be offering brokers equity ownership in exchange for their origination volume.

    August 30
  • Agora Holdings Inc., formerly of Glastonbury, Conn., has announced its relocation to New York City and the naming of Kevin Kading as president.The real estate funding and holding company said it has secured financing commitments for $120 million that will be used for the funding or acquisition of real estate projects in connection with the acquisition or funding of "early-stage, high-potential" companies and technologies. The terms of the funding were not disclosed.

    August 29
  • Sal Mirran, a Bank of America real estate executive, has been named senior vice president of single-family business and strategy development at Fannie Mae.The government-sponsored enterprise also announced that Eric Schuppenhauer, a Credit Suisse First Boston executive, has been named Fannie's senior vice president of accounting policy and that Scott Lesmes has been promoted to senior vice president and deputy general counsel. In addition, executive vice president and general counsel Ann Kappler will leave Fannie Mae at the end of the year to join the Collier Shannon Scott law firm. Mr. Mirran, the new SVP for single-family business, was most recently senior vice president and head of capital markets at BoA's Consumer Real Estate Division, Fannie Mae reported. Before that, he was a managing director and head of residential mortgage finance at First Union Securities Inc. Fannie Mae can be found on the Web at http://www.fanniemae.com.

    August 26
  • Antonio F. Faria, a former commissioner of financial institutions in Puerto Rico, has been named chief executive officer of Doral Bank, a subsidiary of residential mortgage lender Doral Financial Corp., San Juan, Puerto Rico, which recently announced a management shake-up.Mr. Faria joined Doral in June as president of Doral Money Inc., a New York-based subsidiary of Doral Bank, Doral said. He was previously president of the Government Development Bank and president of the Economic Development Bank, as well as Puerto Rico's commissioner of financial institutions. Doral Financial recently announced the termination of its chief financial officer and the resignation of several senior executives in connection with the company's financial restatement process. Zoila Levis, the company's president, chief operating officer, and recently named vice chairman, said Doral Financial has "significant plans" for Doral Bank, citing "outstanding cross-selling opportunities" with its mortgage lending subsidiaries, among other things.

    August 26
  • Arthur Fleming has joined the National Community Capital Association, a national network of more than 160 private-sector community development financial institutions, as executive vice president and chief lending and investment officer.Mr. Fleming, who was most recently senior director for the Southeast region of the Fannie Mae Foundation, will lead the NCCA's new strategy to increase the volume of financing available in emerging domestic markets, the association said. At GMAC Mortgage, Mr. Fleming was senior vice president and managing director of the Housing Initiatives Group. Before joining GMAC, Mr. Fleming was the founder and executive director (from 1990 to 1999) of the Community Financing Consortium in South Florida. The NCCA, can be found online at http://www.communitycapital.org.

    August 25