People

  • Stuart D. Marvin has been named executive vice president in charge of finance, capital markets, and corporate communications at Accredited Home Lenders Holding Co., a nonprime residential mortgage lender based in San Diego.The company said Mr. Marvin will assume many of the responsibilities now held by Accredited's EVP and secretary Ray W. McKewon, the company's co-founder, who has announced that he intends to retire in July. Mr. Marvin was most recently president for corporate operations and chief financial officer with Aegis Mortgage Corp. in Houston. He was previously CFO at Citifinancial Mortgage. Prior to his entry into the mortgage industry, Mr. Marvin was business assurance partner with the Coopers & Lybrand public accounting firm. Accredited can be found on the Web at http://www.accredhome.com.

    April 6
  • Michael Fratantoni has been named to the newly created position of senior director for single-family research in the Mortgage Bankers Association's Research and Business Development group.Mr. Fratantoni was most recently director of economic and policy research in Fannie Mae's regulatory policy division. Before that, he was a senior economist in Fannie Mae's credit policy division. The MBA can be found on the Web at http://www.mortgagebankers.org.

    April 5
  • Linda P. Henley has been named chief executive officer and head of mortgages for Macquarie Mortgages USA, Memphis.Ms. Henley, a veteran of 28 years in the mortgage lending and real estate industries, was most recently the head of correspondent lending at Chase Home Finance, Macquarie said. She has also held senior positions in retail and wholesale lending. The company can be found on the Web at http://www.macquarie.com.

    April 5
  • The Federal Home Loan Bank of Dallas has elected Chesley N. Brooks Jr. as chairman of its board of directors.Mr. Brooks succeeds Fred Miller Jr. as chairman. Mr. Miller retired from the board after serving the maximum allowable three terms.

    March 31
  • Eric Sieracki has been promoted to executive managing director and named chief financial officer of Countrywide Financial Corporation.The former CFO, Thomas "Keith" McLaughlin, has elected to step down to focus on personal interests. He has agreed to remain with the company in an advisory role. The changes will become effective on April 1. Countrywide, based in Calabasas, Calif., is the nation’s largest originator and servicer of home loans. The company is located at http://www.countrywide.com on the Internet.

    March 28
  • Joseph A. Rossi has been named to the newly created post of senior vice president of securities and Treasury operations at Freddie Mac.Mr. Rossi, 52, will manage operations related to Freddie Mac's mortgage securities issuance and settlement, debt issuance, and settlement, derivative settlement, and asset management, the government-sponsored enterprise said. He will report to Michael C. May, senior vice president of operations. Mr. Rossi was most recently senior vice president, executive director, and chief operations officer for global securities services at Mellon Financial Corp. Before joining Mellon in 2001, Mr. Rossi was senior vice president and business executive for the Strategic Initiatives Group at Chase Manhattan Bank/J.P. Morgan. His appointment at Freddie Mac takes effect March 28.

    March 24
  • TIAA-CREF, the New York-based teachers' pension fund manager and commercial real estate lender, has named David Brown its head of commercial mortgages.TIAA-CREF is a large institutional real estate investor with a global portfolio of over $50 billion, according to the company. Working out of the organization's Charlotte, N.C., office, Mr. Brown will oversee the nearly $25 billion portion of the portfolio that is invested in commercial mortgages. Mr. Brown joins TIAA-CREF from Prudential Financial, where he served as the principal and head of Eastern Region originations for their various real estate debt capital sources, the company said.

    March 23
  • Andrew McConnell has been named head of pass-through mortgage-backed securities trading in the New York office of BNP Paribas, a European bank.Mr. McConnell was most recently a pass-through MBS trader at RBS Greenwich Capital Markets. He was previously employed by Donaldson, Lufkin & Jenrette and Bear Stearns & Co. The bank can be found on the Web at http://www.bnpparibas.com.

    March 21
  • Richard C. Hartnack has been named head of the consumer banking division of U.S. Bancorp, Minneapolis, giving him responsibility for the full range of consumer lending, including home mortgages.U.S. Bancorp said the promotion was part of a move that aligned the company's business operating units under its president and chief operating officer, Richard K. Davis. Before joining U.S. Bancorp, Mr. Hartnack held various posts with Union Bank of California over 14 years, and his 34-year career in banking and financial services also includes stints with First Chicago Corp. and First Interstate Bank of Oregon, the company said. The bank holding company can be found online at http://www.usbank.com.

    March 18
  • Carly Fulmer has been named director of operations at 1st Metropolitan Mortgage, Charlotte, N.C., a national mortgage broker and a division of Empire Equity Group Inc.1st Metropolitan said Ms. Fulmer will continue to manage and develop its branch support and quality control departments and develop the infrastructure and operations of the company. Before joining 1st Metropolitan, Ms. Fulmer was a loan processor at 21st Century Mortgage, which specializes in mortgages for mobile and modular homes. She joined Empire in 2000 and later became head of quality control. In 2003, she developed the branch support division, which is a customer service center for 1st Metropolitan's 250 nationwide branches, the company said. 1st Metropolitan can be found online at http://www.1stmetro.com.

    March 18