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  • Larry Schiavi has been named senior vice president and national retail production manager for the Retail Lending Division of MortgageIT Holdings Inc., a residential mortgage company based in New York City.MortgageIT, a real estate investment trust, also announced the appointment of Doug Kerr as chief investment officer. Mr. Schiavi was most recently SVP and national production manager at HSBC Mortgage Corp., and previously served as SVP and retail sales manager at HSBC. Mr. Kerr was most recently director of treasury risk management at NetBank Inc. MortgageIT can be found on the Web at http://www.mortgageitholdings.com.

    April 21
  • Jennifer S. Creech has been named chief production officer of DeepGreen Financial, a Cleveland-based home equity lender.Ms. Creech was most recently manager of the Northeast region at RBC Mortgage, a subsidiary of Royal Bank of Canada. She was previously regional sales manager for both Washington Mutual and PNC Mortgage, DeepGreen said. Touting the prospects of her new employer, Ms. Creech said DeepGreen "got a jump start on home equity" while other financial services companies were focused on the refinance market. DeepGreen is owned by Lightyear Capital, a New York City-based private equity investment firm. The companies can be found on the Web at http://www.deepgreenfinancial.com and http://www.lycap.com.

    April 20
  • Builder Alexander Werzberger, of Montreal, has been named to the board of Canada Mortgage and Housing Corp. for a three-year term."Mr. Werzberger has been a respected member of the housing industry for many years and has won many awards for his work," said Canada's Minister of Housing and Labour, Joe Fontana. "His experience on the boards of provincial organizations, along with his years of community work, will be of great benefit to CMHC." A builder for over 45 years, Mr. Werzberger has built hundreds of residential buildings, as well as commercial facilities, during his career. The CMHC can be found online at http://www.cmhc-schl.ca.

    April 19
  • Scott Hoen has been named executive vice president and group manager of the Fidelity National Real Estate Solutions division (formerly FNIS) of Fidelity National Financial Inc., Jacksonville, Fla.The company said Mr. Hoen has spent more than 15 years working with real estate agents, brokers, and lenders to develop technology solutions. He has been associated with Fidelity National Financial since 1997 and will be working out of the Santa Ana, Calif., facility. The company can be found on the Web at http://www.fidelityinfoservices.com.

    April 19
  • Greg C. Smith has been elected to the board of directors of Fannie Mae and appointed to the board's audit and compensation committees.Mr. Smith, 53, is executive vice president of Ford Motor Co. and its president for the Americas. He has been with Ford since 1973, and has held executive posts that included chairman and chief executive officer of Ford Motor Credit Co., Fannie Mae reported. The government-sponsored enterprise can be found online at http://www.fanniemae.com.

    April 18
  • Larry E. Moretti has been named executive vice president and chief administrative officer of ECC Capital Corp., a mortgage finance company based in Irvine, Calif.Mr. Moretti was most recently chief information officer and senior vice president of New Century Mortgage Corp., where he also served as chief administrative officer in 2001 and 2002, ECC Capital said. Steve Holder, ECC Capital's chairman and co-chief executive officer, said Mr. Moretti's appointment "represents ECC Capital's commitment to technology innovations that we believe will put us at the cutting edge of nonconforming lending."

    April 18
  • Harold F. McElraft has been named chief financial officer and treasurer of Hanover Capital Mortgage Holdings Inc., a real estate investment trust based in Edison, N.J.Mr. McElraft, 60, succeeds J. Holly Loux, who left the mortgage REIT on April 12. Mr. McElraft has been a partner since 2002 in the New York office of Tatum CFO Partners LLP, a national firm of career CFOs that provides financial services, and he will remain a partner at the firm, Hanover Capital said. He was previously a department vice president with Prudential Financial Inc., Newark, N.J. Mr. McElraft has been a consultant to Hanover Capital since November 2004. The REIT can be found online at http://www.hanovercapitalholdings.com

    April 18
  • Meanwhile, Parkway Properties, a real estate investment trust based in Jackson, Miss., announced the resignation of Marshall A. Loeb as chief financial officer and the appointment of Sarah P. Clark as interim CFO.Parkway said Mr. Loeb will remain with the office REIT until mid-May. Ms. Clark is senior vice president of strategic planning and investor relations at Parkway, and served as its CFO from 1994 through November 2000. The company can be found on the Web at http://www.parkwayco.com.

    April 18
  • Marshall A. Loeb has been named executive vice president and chief operating officer of Glimcher Realty Trust, a real estate investment trust based in Columbus, Ohio.Mr. Loeb, 42, was previously chief financial officer of Parkway Properties, another REIT, and senior vice president and Western regional director for Eastgroup Properties, an industrial REIT. Glimcher can be found on the Web at http://www.glimcher.com.

    April 18
  • Fannie Mae's chief legal officer, Thomas E. Donilon, is leaving the troubled mortgage giant to rejoin his former law firm.At month's end Mr. Donilon will become a partner at O'Melveny & Myers. Fannie Mae has not yet named an interim replacement for Mr. Donilon, whose official title at Fannie is executive vice president for law and policy. He joined the company in 1999. A spokeswoman for the government-sponsored enterprise said some of the legal division employees who report to Mr. Donilon will now report to acting chief executive officer Daniel Mudd. During his first run at O'Melveny & Myers, Mr. Donilon specialized in domestic and international litigation and antitrust matters. Fannie is facing a $9 billion to $11 billion downward restatement in earnings dating back to 2001. The company's accounting practices are the subject of investigations being conducted by the Justice Department, the Office of Federal Housing Enterprise Oversight, and the Securities and Exchange Commission. During his career in Washington, Mr. Donilon was also chief of staff to Secretary of State Warren Christopher in the Clinton administration.

    April 18