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Randy Pool has been named executive vice president and general manager of the newly formed National Correspondent Lending Division of New Century Financial Corp., Irvine, Calif.Mr. Pool will report to Patrick J. Flanagan, president of the New Century Mortgage Corp. He was most recently an executive vice president at Argent Mortgage Co., and previously held various senior management positions at Community Home Funding Group, The Money Store, U.S. Property and Appraisal Services, and The Associates Financial Services Co., New Century said. New Century can be found online at http://www.ncen.com.
March 18 -
Richard Payne has been named president of wholesale operations at The New York Mortgage Co., New York, and Joseph Gorton has been named chief operations officer of the division.NYMC said Mr. Payne, a 25-year veteran of the mortgage industry, was formerly a managing director of Lehman Brothers and executive vice president of wholesale development for Lehman's Aurora Loan Services. He was previously president and chief executive officer of SIB Mortgage Corp. Mr. Gorton, a 20-year industry veteran, was formerly EVP and COO at SIB Mortgage. His previous positions include vice president for lending operations at GMAC Mortgage, EVP and national operations manager at Eastern Mortgage Services, and first vice president for production support at Anchor Mortgage Services. NYMC can be found online at http://www.nymc.com.
March 17 -
Clarence (Clay) G. Simmons III has been named senior executive vice president and chief financial officer of Thornburg Mortgage, Santa Fe, N.M.Mr. Simmons, whose appointment as CFO will take effect April 29, replaces the retiring Richard Story, the company said. Mr. Simmons was most recently a managing director at Countrywide Financial Corp., where he was a founder of CFC's bank subsidiary, Treasury Bank NA. Mr. Story was Thornburg's CFO for 12 years of his more than 30 years in the financial services industry, Thornburg said. He will continue to provide counsel to the company as a member of a newly formed advisory board. Thornburg, a single-family residential mortgage lender and real estate investment trust, can be found online at http://www.thornburgmortgage.com.
March 15 -
CharterMac, a New York-based company that provides financial services for the multifamily sector, has named Daryl J. Carter chief executive officer of its commercial mortgage banking subsidiary, CharterMac Mortgage Capital Co.Mr. Carter will set the strategic direction of CharterMac Mortgage and be responsible for its national originations platform, whose annual volume is expected to touch $2 billion this year, according to CharterMac. He will also oversee the firm's $9 billion servicing portfolio. Mr. Carter joined CharterMac after it acquired Capri Capital, a company he co-founded in 1992, CharterMac said. "Under Mr. Carter's direction, we anticipate a major expansion of our mortgage banking operations," said Stuart J. Boesky, CharterMac's CEO. CharterMac can be found online at http://www.chartermac.com.
March 15 -
Chris Bowden has been promoted to vice president of HomeSteps, a division of Freddie Mac that is responsible for the management and sale of single-family real estate owned.Mr. Bowden reports to Ingrid Beckles, vice president for default asset management at Freddie Mac. Mr. Bowden joined HomeSteps in 1995 as an REO manager. Since January 1996, he has held both the director of sales and director of operations positions. Freddie Mac can be found online at http://www.freddiemac.com.
March 15 -
Edward V. Piccinich has been named executive vice president and director of operations and construction at SL Green Realty Corp., a New York-based real estate investment trust, and Steven M. Durels has been named EVP and director of leasing.Mr. Piccinich, 42, joined SL Green as senior vice president and director of property management and construction in 2002. The REIT said he is responsible for overseeing the management of 28 office buildings. Before joining SL Green, Mr. Piccinich was a vice president at J.P. Morgan and general manager of the World Trade Center. Mr. Durels, 45, joined the REIT in 1998 as a senior vice president. Before joining SL Green, he spent 16 years with Helmsley-Noyes, a commercial real estate firm, the company said. SL Green can be found online at http://www.slgreen.com.
March 14 -
S. Trezevant Moore Jr. has been named president and chief operating officer of Luminent Mortgage Capital Inc., San Francisco.Mr. Moore will replace Albert J. Gutierrez as president. Luminent said Mr. Gutierrez will concentrate on the company's agency and mortgage-backed securities spread portfolio. Mr. Moore was most recently executive vice president of capital markets for Radian Guaranty and previously held several senior-level posts in the mortgage industry, Luminent said. The company can be found online at http://www.luminentcapital.com.
March 14 -
Kathleen Brown, a former California treasurer and Democratic candidate for governor, has been appointed to the board of directors of Countrywide Financial Corp., Calabasas, Calif.Ms. Brown is currently a senior adviser on public finance for Goldman, Sachs & Co. She has also worked as an attorney in the Capital Markets Group of O'Melveny & Myers and as a member of the Investment Management Group of Bank of America. In the political arena, Ms. Brown was California state treasurer from 1991 through 1994 and was defeated in the 1994 California governor's race by the then-incumbent governor, Pete Wilson. She is the sister of Oakland Mayor and former California Gov. Jerry Brown. Countrywide can be found on the Web at http://www.countrywide.com.
March 14 -
Victor J. Bacigalupi has been named chief administrative officer of The PMI Group Inc., a provider of mortgage insurance and other credit enhancement products based in Walnut Creek, Calif.Mr. Bacigalupi, who joined PMI in 1996, is currently executive vice president, general counsel, and secretary of the company. PMI can be found on the Web at http://www.pmigroup.com.
March 11 -
Industry veteran Harry V. Tomlinson III has been named executive vice president and Northeastern regional manager of Metrocities Mortgage, a residential mortgage lender based in Sherman Oaks, Calif.Mr. Tomlinson boasts more than 30 years of experience in the mortgage industry, Metrocities said. He was most recently senior vice president and area manager for Washington Mutual in Langhorne, Pa., after joining PNC Mortgage Corp. of America in 1993 before it was purchased by WaMu. Mr. Tomlinson was previously senior vice president and regional production manager at Sears Mortgage Corp. Metrocities can be found online at http://www.metrocitiesmtg.com.
March 11