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Timothy R. Chrisman, chairman of Hawthorne Savings FSB and chief executive officer of Chrisman & Co., has been elected vice chairman of the board of directors of the Federal Home Loan Bank of San Francisco.Mr. Chrisman became a member of the board of the FHLBank a year ago. Chrisman & Co. is an executive search consultancy for financial and related industries.

Richard Powers has been named president of KB Home Mortgage Co., Los Angeles.KB Home said Mr. Powers, a veteran of over 15 years in mortgage banking, was most recently president and chief executive officer of Charter One Mortgage Corp., Cleveland. Before that, he was senior vice president of operations and production for Great Western Mortgage Corp. KB Home, the parent company of KB Home Mortgage, is a homebuilder with domestic operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, New Mexico, North Carolina, South Carolina, and Texas. The parent can be found on the Web at http://www.kbhome.com.

Greg Frost, one of the nation's top-producing mortgage brokers, has joined LoanToolbox, Westlake Village, Calif., as vice president for new product development.Tim Braheem, chief executive of LoanToolbox, said he and Mr. Frost are "much alike in that we're 'ham-and-egg' loan officers. We focus on things that are easy to implement -- that is, the basic building blocks of what it takes to be a great loan officer." Beginning in March, LoanToolbox members will have free access to five of Mr. Frost's trademarked marketing systems. He also plans to host live conference-call interviews, provide voice broadcast tips on time-sensitive issues, and continue to develop new products based on the changing needs of industry professionals. Members will also have the ability to call in twice a month for personal coaching and to discuss their immediate challenges. In 2002, Mr. Frost was ranked the nation's 19th-largest individual producer of mortgages, with volume of $143.80 million, according to Broker magazine, a MortgageWire affiliate.

John V. Britti has been named vice president of community lending at Freddie Mac.Mr. Britti will manage all of Community Lending's sales efforts and customer relationships, as well as the sales force and organization, the government-sponsored enterprise said. He will report to Dave Stevens, Freddie Mac's senior vice president of single-family lending. Mr. Britti was most recently vice president of adjacent lending operations and mortgages at Capital One Financial Corp., where he re-launched the company's mortgage business and led operations for its Direct Bank, installment lending, and new business integration, the GSE said. Mr. Britti previously held positions with several companies, and he worked at Freddie Mac from 1994 to 1998 as a vice president of pricing and structured transactions.

Hugh R. Frater has been named executive vice president and head of real estate finance at PNC Financial Services Group Inc., Pittsburgh.Mr. Frater, 48, will be responsible for balance sheet lending, including lending for the acquisition, development, permanent financing, and operation of commercial real estate nationally, PNC said. He will also be responsible for Midland Loan Services, a provider of servicing and technology solutions to the commercial real estate finance industry, and PNC MultiFamily Capital, which serves the affordable housing industry. Mr. Frater joins PNC from BlackRock Inc., where he was a founding partner and head of the real estate group. The company can be found online at http://www.pnc.com.

Mortgage industry veteran Richard A. Mirro has been elected as an independent member of the board of directors of ResMAE Financial Corp., a wholesale specialty residential mortgage lender and servicer based in Brea, Calif.Mr. Mirro was previously chairman and chief executive officer of North American Mortgage Co. and executive vice president of Dime Savings Bank, NAMC's parent company. Before that, he was chairman and CEO of Fleet Mortgage following a decade at Chase Manhattan Mortgage, ResMAE said. The wholesaler also announced the election to the board of Robert E. Dean, who was most recently a senior managing director of Ernst & Young Corporate Finance LLC. M. Jack Mayesh, chairman and co-CEO of ResMAE, said the two new directors will be "tremendous assets as ResMAE rapidly expands throughout the country during the next year."

GMAC Commercial Mortgage Europe has appointed Marc Angoulvent as director of real estate activities in France.Prior to joining GMACCM Europe, he worked with General Motors and a number of leading French banks, where he specialized in property asset financing and structured finance. Mr. Angoulvent has more than 14 years' experience in the field of property finance.

American Business Financial Services Inc., Philadelphia, has announced the appointment of Peter J. Levasseur as executive vice president of Upland Mortgage Brokerage Services, a division of ABFS's wholly owned subsidiary Home American Credit Inc.ABFS said Mr. Levasseur will help guide Upland's expansion in California in support of the parent company's goal of gaining a foothold there and in other western states. Mr. Levasseur was previously president and chief executive officer of Amresco Residential Mortgage Corp. and senior vice president of Home Savings of America. He has more than 30 years' experience in the mortgage lending industry, ABFS said. The company can be found online at http://www.abfsonline.com.

Gregory T. Mutz, chairman of AMLI Residential Properties Trust, Chicago, will resume the position of chief executive officer of the real estate investment trust, AMLI has announced.Mr. Mutz co-founded AMLI's predecessor company more than 20 years ago and served as its CEO from its initial public offering in 1994 to 1998, the REIT said. He joined UICI, a financial services company, in 1998 and served as its president and CEO until last year. Allan J. Sweet, who has been co-CEO of AMLI with Philip N. Tague, will continue as AMLI's president. Mr. Tague will continue as the company's executive vice president and chairman of AMLI Residential Construction. The REIT can be found online at http://www.amli.com.

Josh Denney has been named director of government affairs of the Mortgage Bankers Association, where he will be chiefly responsible for lobbying Capitol Hill on issues involving commercial real estate finance.Mr. Denney joins the MBA from the office of Sen. Chuck Hagel, R-Neb., where he was legislative assistant for banking issues and staff director for the Senate Banking subcommittee on international trade and finance.