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

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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.

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.


Executives Out

Recent executive activity at mortgage-related firms

January 19, 2009

By MortgageDaily.com staff


The chiefs of four institutions are exiting their jobs. In other executive news, the death of one of New Century Financial Corp.'s founders marks the second recent passing of an executive who helped shape subprime mortgage lending.

Randall S. Kroszner will resign his membership on the Federal Reserve's Board of Governors on Jan. 21, a copy of a letter to President Bush last week said. He was appointed to the spot by Bush on March 1, 2006.

"Randy's contributions to the Federal Reserve and his country during his nearly three years at the board have been invaluable," Federal Reserve Chairman Ben S. Bernanke said in a statement. "We have greatly benefited from the intellectual rigor he brought to the consideration of both monetary and regulatory policy."

Kroszner will assume a new professorship at the Booth School of Business at the University of Chicago.

Huntington Bancshares Inc. said Thursday that it named Stephen D. Steinour chairman, president and chief executive officer. He replaces Thomas E. Hoaglin.

Steinour's 29-year banking career included a stint at the Federal Deposit Insurance Corporation. While at Royal Bank of Scotland Group subsidiary Citizens Financial Group, he was credited with growing it from $3 billion to more than $160 billion.

Richard I. Linhart resigned as chairman, president and CEO of Millennium Bankshares Corp. on Jan. 1 for personal reasons, an announcement Wednesday said. The retirement is effective on Jan. 31.

Replacing Linhart as interim president and CEO will be John F. Novak, Millennium said. Novak is currently chief operating officer of the Reston, Va.-based institution. Attorney Grayson P. Hanes has been appointed chairman.

Capitol Federal Financial President and CEO John B. Dicus will replace his father, John C. Dicus, as chairman of the Topeka, Kan.-based company. The senior Dicus has been chairman of the 669-employee bank holding company since it launched in 1999.

Former Mortgage Bankers Association president and CEO Jonathan L. Kempner has joined the board of directors of real estate investment firm Behringer Harvard Multifamily REIT I Inc., a press release last week said. Kempner worked with MBA for seven years.

Edward Gotschall -- co-founder, director and former chief financial officer of New Century -- died of natural causes on Jan. 8 at the age of 53, the Los Angeles Times reported. The formerly high-flying subprime lender stopped accepting new business in March 2007 then subsequently filed for bankruptcy and closed down.

Gotschall was under federal investigation over the sale of $27 million in stock prior to the company's collapse.

In March, Roland Arnall -- who founded Ameriquest Mortgage Co. in 1979 -- died of cancer. At its peak, the Orange, Calif.-based lender was among the biggest subprime mortgage lenders in the country -- with New Century closely behind.

Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.



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

MBS

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