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  • Office of Thrift Supervision Director James Gilleran said he will step down April 29 after leading the agency for nearly four years.The surprise announcement comes after Mr. Gilleran revamped the agency's Community Reinvestment Act regulations and forced the other banking regulators to relax their CRA regulations. His actions angered Democrats on Capitol Hill, and 39 congressmen signed an April 12 letter criticizing his unilateral actions to "weaken CRA." During his tenure, Mr. Gilleran pushed through a regulation that prevents state-chartered lenders from using OTS Parity Act regulations to avoid state restrictions on prepayment penalties and late fees. Subprime lenders challenged the OTS's interpretation of the Alternative Mortgage Transaction Parity Act, but the OTS prevailed in federal court. The former California banker and state banking supervisor also eliminated an operating deficit at the OTS by downsizing the agency. Mr. Gilleran has not revealed his plans. "The thrift industry is better for his leadership and service, and the thrift charter is as strong as it ever has been," said Diane Casey-Landry, president of America's Community Bankers. "We wish Jim well in his future endeavors."

    April 18
  • Gene Morris has been named executive vice president and Southeast/Midwest regional manager of Metrocities Mortgage, Sherman Oaks, Calif.Mr. Morris will be responsible for managing loan production in the 16-state Southeast/Midwest region, and he will be based in Charlotte, N.C., Metrocities said. Mr. Morris was previously employed for 26 years in the mortgage and banking divisions of Bank of America, most recently as an executive in national direct sales strategy. He also held the titles of national director of retail sales and national sales manager, among others, the company said. Metrocities Mortgage can be found on the Web at http://www.metrocitiesmtg.com.

    April 14
  • Glenn Boyd has been named head of mortgage strategy at Barclays Capital, the investment banking division of Barclays PLC, London.Mr. Boyd will be responsible for building a mortgage research team that will support the company's residential mortgage-backed securities business, Barclays Capital said. He will be based in New York. Mr. Boyd was most recently with UBS, where he was a director in the Mortgage Strategy Group, and he was previously in the Mortgage Strategy Group at Credit Suisse First Boston. Barclays Capital can be found on the Web at http://www.barclayscapital.com.

    April 14
  • Kevin Gillespie has been named to the newly created post of executive vice president for national Centex homes production at CTX Mortgage Co., a subsidiary of Dallas-based Centex Corp.Mr. Gillespie will oversee all CTX Mortgage branch operations supporting Centex Homes. Mr. Gillespie served most recently as regional executive vice president of the company's West Retail Region. Before joining Centex, his mortgage banking career spanned 18 years and included positions as head of national production with Weyerhaeuser, First Nationwide Bank. and First Gibraltar Savings, CTX Mortgage said. The company can be found on the Web at http://www.ctxmortgage.com.

    April 14
  • David Cannon has been named managing director and head of the Collateralized Mortgage Obligation Trading Desk at RBS Greenwich Capital, Greenwich, Conn.Mr. Cannon will be responsible for the structuring and trading of agency and nonagency CMOs, the company said. He has 12 years of experience in the mortgage business, most recently as a CMO trader at UBS. Mr. Cannon previously held similar positions with Chase Manhattan Bank and Paine Webber. RBS Greenwich Capital also announced the addition of Cass Tokarski to the CMO trading desk as a senior vice president. The company can be found online at http://www.gcm.com.

    April 13
  • Justin Vedder has been named managing director of PBIS Insurance Services Inc., a subsidiary of The Prieston Group, a San Rafael, Calif.-based company that specializes in mortgage fraud protection, loss mitigation, and indemnification services.Mr. Vedder was previously managing director of client relations at PBIS, the company said. Before joining The Prieston Group last year, he was a co-founder and principal of Platinum Data Solutions, a technology-based company that provides systems for ensuring data integrity in loan origination. The Prieston Group can be found on the Web at http://www.priestongroup.com.

    April 12
  • Dean Graham has been named president of the health care and specialty finance business (including mortgage lending) of CapitalSource Inc., Chevy Chase, Md., and Michael Szwajkowski has been named president of the company's structured finance business.Mr. Graham previously held senior executive positions at Heller Healthcare Finance. Among the specialty finance businesses he will lead is CapitalSource Mortgage Finance, a subsidiary that specializes in making loans insured by the Federal Housing Administration, CapitalSource said. Mr. Szwajkowski was a founder and president of Clarity Holdings, a financial services holding company, and previously held senior executive positions for various financial services firms, including Credit Suisse First Boston. CapitalSource's structured finance business comprises several groups, including the Real Estate Group responsible for commercial real estate lending. The company can be found online at http://www.capitalsource.com.

    April 11
  • John Button has been appointed chief operations officer of Del Mar Database, San Diego.In a career spanning more than 25 years, Mr. Button has held numerous executive positions at technology companies, most recently as senior vice president of business initiatives for IPS-Sendero, Del Mar said. Previously, he served as business unit president of RF/Spectrum and as a founding partner for a management consulting firm, Business Improvement Specialties. Del Mar Database, which specializes in helping small and medium-sized lenders increase their production and profitability, can be found on the Web at http:// www.delmardb.com.

    April 11
  • Randall L. Raup has been named president of HSBC Mortgage Corp. and executive vice president of HSBC Bank USA, Prospect Heights, Ill., pending approval by the bank's board of directors.HSBC said Mr. Raup was previously senior vice president and chief financial officer of HSBC Mortgage, which he joined in August 2004 after 20 years at Household Finance. (In December, Household Finance was merged into Household International Inc., which has changed its name to HSBC Finance Corp.) HSBC-North America, which encompasses all of HSBC's U.S. and Canadian businesses, can be found online at http://www.hsbcusa.com.

    April 11
  • Sue Ansel has been named chief operating officer of Gables Residential, a real estate investment trust based in Boca Raton, Fla.Ms. Ansel was previously a senior vice president with responsibility for the company's apartment operations and asset management in the Texas cities of Dallas, Austin, and Houston as well as San Diego and the Inland Empire in California. Before joining Gables, Ms. Ansel was a vice president with The Daseke Group. The apartment REIT can be found on the Web at http://www.gables.com.

    April 7