People

Paul E. Bibb has been named chief executive officer of National City Mortgage, Cleveland, succeeding Leo E. Knight Jr., who will continue as chairman of the company until his retirement at the end of next year.Mr. Bibb is currently executive vice president of National City in charge of retail and direct lending, the company said. Mr. Knight has been chairman and CEO since 2000 and served as president and CEO from 1989 to 2000. National City also announced that Todd A. Householder, EVP of the company's Secondary Marketing Division, will succeed Gregory A. Davis as EVP and head of the Wholesale/Correspondent Lending Group. Mr. Davis will retire in 2005. The company can be found on the Web at http://www.nationalcitymortgage.com.

Glenn J. Mouridy has been named president and chief financial officer of MortgageIT Holdings Inc., a New York-based real estate investment trust.Mr. Mouridy was most recently executive vice president for operations and risk management at Chase Home Finance, a company he previously served as CFO. MortgageIT Holdings, the holding company for residential mortgage lender MortgageIT Inc., said Mr. Mouridy's experience includes financial management, strategic planning, servicing operations, risk management, structured finance, mergers and acquisitions, tax accounting, and law. MortgageIT can be found online at http://www.mortgageit.com.

Affordable Residential Communities Inc., Denver, has reported the resignation, effective immediately, of George McGeeney as president and chief operating officer of the real estate investment trust.The reason for the resignation was not disclosed. The equity REIT said Scott Jackson, the company's chairman and chief executive officer, has been appointed to the additional post of co-chief operating officer, and vice chairman John Sprengle has assumed the title of president and co-COO. In addition, Lawrence Kreider has been promoted to chief financial officer, the REIT said. ARC, which specializes in manufactured home communities, can be found online at http://www.aboutarc.com.

Theodore L. Chandler Jr. has been named president and chief executive officer of LandAmerica Financial Group Inc., Richmond, Va., which said the move brings about a separation of the roles of chairman and CEO at the company.The appointment is effective Jan. 1. Charles H. Foster Jr., the current chairman and CEO, will continue to serve as chairman, LandAmerica said. Mr. Chandler is currently LandAmerica's president and chief operating officer. Before joining LandAmerica full time, he practiced law for 22 years at the Williams Mullen law firm.

Julie A. Rousselow has been promoted to senior vice president of financial operations in the National Loan Administration servicing unit of GMAC Mortgage Corp., Horsham, Pa.The company also announced the hiring of Robert F. Hopson as director of property preservation and valuation in the servicing unit. Ms. Rousselow, who has been with GMAC Mortgage for nearly 20 years and held a number of financial positions, was most recently vice president of cash operations. Mr. Hopson was most recently a default manager for Cendant Mortgage Corp.'s foreclosure, bankruptcy, and property preservation departments. He has also held positions at CitiMortgage and Wendover Financial Services. GMAC Mortgage can be found online at http://www.gmacmortgage.com.

Jack Radin has been named senior vice president for capital markets at MortgageIT Inc., the New York City-based mortgage lending subsidiary of MortgageIT Holdings.Mr. Radin, a 24-year veteran of the residential mortgage banking business, was most recently director of mortgage finance at E*Trade Financial, MortgageIT said. Before that he was a managing director of finance and business development for Pedestal Inc. in Washington D.C., where he developed a virtual Internet mortgage conduit. Mr. Radin has also held positions at Mellon Mortgage Co., Weyerhaeuser Mortgage Co., and Mason-McDuffie Mortgage Corp.

Deutsche Bank Securities Inc. has reported the formation of a "special situations" group within its global markets division that will specialize in principal transactions involving all types of consumer and commercial credit.Erik Falk has been named managing director and head of the group, which is based in New York but also has staff in London. Mr. Falk was previously managing director, head of integrated sales, and co-head of securitized product sales in the Americas for Deutsche Bank. Deutsche Bank can be found on the Web at http://www.deutsche-bank.com.

Irma N. Tavares has been named to the newly created position of chief operating officer by Hanover Capital Mortgage Holdings Inc., Edison, N.J.Hanover said Ms. Tavares will remain a member of its board of directors, on which she has served since 1997. Before joining the company, she held various mortgage-related trading and operational posts at Citicorp Investment Bank and Bankers Trust Co. Hanover, a mortgage real estate investment trust, can be found on the Web at http://www.hanovercapitalholdings.com.

Jeffrey R. Johnson has been named president and chief executive officer of Franklin Credit Management Corp., a New York-based company that buys, manages, and sells subprime residential mortgage assets.Mr. Johnson was previously the founding president and chief executive officer of GMAC Bank, a subsidiary of General Motors Corp. He was also president and CEO of Equifax Secure, a subsidiary of the credit and financial information provider Equifax. Franklin Credit can be found on the Web at http://www.franklincredit.com.

Jeff Hoerster has been named president and chief operating officer of AllRegs, an Eagan, Minn.-based online publisher of reference information for the mortgage industry.The company said Mr. Hoerster has more than 20 years' industry experience, including 11 at Columbia National in Columbia, Md., where he left as senior vice president for operations, and nine years at Multi-Mortgage Services in Manasquan, N.J., where he was a part owner. AllRegs' products and services are used by over 90% of the top 100 lenders and in "numerous" governmental agencies, according to the company. It is the exclusive electronic publisher of Fannie Mae's and Freddie Mac's Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks' MPF Program Guidelines.