twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Former BofA Mortgage Chief Lands at Citi

New Citibank COO named

Oct. 10, 2013

By Mortgage Daily staff

The woman who at one point ran the biggest mortgage lender in the country has been hired by Citigroup Inc. as the chief operating officer of its banking unit.

In the third-quarter 2008, Bank of America Corp. reported that residential loan originations, including home-equity loan production, were $58 billion.

Based on origination data maintained by Mortgage Daily, that was more home loan volume than was generated by any other U.S. lender during the period.

At the helm of BofA's mortgage unit at the time was Barbara Desoer, who was named president of real estate operations in May 2008.

Desoer's time at the Charlotte, N.C.-based company came to an end in February 2012, when BofA announced she would retire. The disclosure followed BofA's 2011 announcement that Desoer would no longer report to Chief Executive Officer Brian Moynihan and instead report to Co-Chief Operating Officer David Darnell.

Desoer, who at one point had been rumored as a candidate to replace former BofA CEO Ken Lewis, spent 35 years at the company.

After a more than one-year hiatus from the financial services industry, Desoer has landed at Citibank, N.A., as the COO, according to an internal memorandum from the unit's CEO, Gene McQuade.

She begins her new assignment on Oct. 15.

"Working with me and the CBNA Board, she will oversee the governance of the bank legal vehicle," McQuade stated.

He went on to highlight the strong relationships Desoer developed with regulators, the board of directors and other key stakeholders.

"Barbara is the ideal person to deepen the management bench both of CBNA and of Citi, and we're delighted to have her join our team," McQuade added.

Citigroup profile

next story

back to current headlines

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders