-
Eric Spence has been named executive vice president of national production, prime lending, at Countrywide Financial Corp., Calabasas, Calif.Mr. Spence will be responsible for the production and market share growth of the Wholesale Lending Division, the company said. A 19-year veteran of the mortgage industry, Mr. Spence was most recently EVP for the western division of Countrywide's wholesale branch system. He was previously EVP of production at Washington Mutual. Mr. Spence was also senior vice president for WaMu's Wholesale Lending Division, and was SVP of wholesale lending for American Savings Bank before it was acquired by WaMu. "Eric's promotion brings greater collaboration and synchronization across the wholesale lending channel, with the West, Central, and East divisions now operating their sales efforts under the guidance of a single executive," said Brian Robinett, managing director of prime lending for Countrywide wholesale lending. Countrywide can be found online at http://www.countrywide.com.
April 29 -
Mortgage banking veteran Bill Steinmetz has been hired to lead the Wholesale Production Operations group of Washington Mutual Inc., Seattle.Mr. Steinmetz, 44, will assume the new post on May 2 and will oversee WaMu's national network of wholesale loan fulfillment centers, the company said. He will be located in Jacksonville, Fla., and will report to Wayne Pollack, the company's division executive of home loans production operations. Mr. Steinmetz, who has more than 20 years of experience in the mortgage industry, previously served as senior vice president of business-to-business operations for Chase Home Finance, where he managed the company's wholesale and correspondent operations, B2B pricing, and registration and operations support, WaMu said.
April 28 -
Steven M. Abreu has been named president and chief executive officer of GreenPoint Mortgage, a wholly owned subsidiary of North Fork Bancorp., Melville, N.Y.Mr. Abreu succeeds S. A. Ibrahim, who was recently named to take over as CEO of Radian Group Inc., a Philadelphia-based mortgage insurer, from the retiring Frank Filipps. Mr. Abreu has held numerous management posts at GreenPoint and its predecessor since 1988, most recently as an executive vice president responsible for production, sales, secondary marketing, investor relations, and new business.
April 28 -
F. Scott Kellman has been named senior vice president for business development at Health Care Property Investors Inc., a real estate investment trust based in Long Beach, Calif.The REIT said the appointment is effective June 1. Mr. Kellman is currently treasurer and senior vice president for corporate finance and real estate at Tenet Healthcare Corp., a for-profit operator of acute care hospitals. He was previously chief operating officer of Omega Healthcare Investors Inc., a health care REIT. Before that, he founded a health care REIT that merged with Omega. Health Care Property Investors can be found online at http://www.hcpi.com.
April 27 -
Julie Joseforsky has been named president of Key Mortgage Services, a component of Cleveland-based KeyBank's consumer finance unit, and Marc Rittenhouse has been named president of Secolink Settlement Services, a unit of Key Mortgage.Ms. Joseforsky was most recently the chief administrative officer of Key Consumer Finance. She previously held positions as director of direct lending and director of compliance for Household International, KeyBank said. Mr. Rittenhouse was most recently senior vice president of operations for ATM Corp. of America. KeyBank's parent company, KeyCorp, can be found on the Web at http://www.key.com.
April 27 -
Eric B. Dana has been named senior vice president and chief financial officer of Triad Guaranty Insurance Corp., a mortgage insurance provider based in Winston-Salem, N.C.Mr. Dana was most recently CFO with The Bankers Bank, Atlanta, and he was previously employed as chief operating officer and CFO by Lighthouse Financial Services, according to Triad. Triad Guaranty Insurance, a subsidiary of Triad Guaranty Inc., can be found on the Web at http://www.triadguaranty.com.
April 26 -
S.A. Ibrahim, a 27-year veteran of the banking and mortgage industries, has been named chief executive officer of Radian Group Inc., a Philadelphia-based mortgage insurer and provider of credit enhancement products and services.Mr. Ibrahim, 53, succeeds Frank Filipps, who is retiring from Radian. The appointment is effective May 5. Mr. Ibrahim was most recently president and chief executive officer of GreenPoint Mortgage, and he was previously GreenPoint's chief operating officer, leading the company through the acquisition of Headlands Mortgage, Radian said. Mr. Ibrahim was also employed by American Express and by the mortgage lending unit of Chemical Banking Corp., where he was CEO and COO.
April 26 -
Angelo Mozilo, chairman and chief executive officer of Countrywide Financial Corp., was the ninth-highest paid CEO among the 500 largest American public companies last year, according to a list compiled by Forbes.com.Forbes calculated Mr. Mozilo's 2004 compensation at $96.9 million and said he owned $40.5 million of company shares. Other mortgage-related CEOs among the top 100 in 2004 included Richard Kovacevich of Wells Fargo, who was 12th with $53.1 million in compensation; Robert Toll of Toll Brothers, 13th with $50.2 million; Jerry Grundhofer of US Bancorp, 21st at $38.6 million; William Foley of Fidelity National Financial, 32nd at $33.9 million; Edward Linde of Boston Properties, 48th at $24.2 million; Robert Wilmers of M&T Bank, 80th at $16.4 million; Kerry Killinger of Washington Mutual, 83rd at $15.7 million; and Ara Hovnanian of Hovnanian Enterprises, 99th at $13.4 million.
April 25 -
David Van Ess, an attorney experienced in mortgage-related litigation, has been named executive vice president of national operations at the LOGS Network, a Northbrook, Ill.-based network of attorneys, trustees, title personnel, and collection staff that represent lenders.Mr. Van Ess was previously Florida operations manager for Codilis & Stawiarski PA, where he managed foreclosure, bankruptcy, title, eviction, and real-estate-owned closing services, the network said. He was also LOGS attorney liaison for Fleet Mortgage, and he helped resolve litigation involving the Real Estate Settlement Procedures Act and the Truth in Lending Act. LOGS can be found on the Web at http://www.logs.com.
April 22 -
Deutsche Bank is restructuring and expanding its Infrastructure Investments business, a unit in the bank's Deutsche Asset Management division."Previously an Australian-based operation, Infrastructure Investments will become a New York-based global business with an additional hub in London, while the Australian hub will be expanded to cover the whole of the Asia Pacific region," Deutsche Bank said. Deutsche Bank said it plans to call the business RREEF Infrastructure Investments and position it within RREEF/DB Real Estate, the real estate investment management group of Deutsche Asset Management. Shaun Mays, previously DeAM's head of Australia, has been appointed global head of RREEF Infrastructure Investments, while Felicity Gates, who was instrumental in building the infrastructure franchise in Australia, has been named chief investment officer. Both will relocate to New York, according to Deutsche Bank.
April 22