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.

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/
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.


Mortgage Leaders Lost, Hired and Replaced

Recent mortgage executive activity

March 15, 2010

By SAM GARCIA


GMAC Financial Services recently lost two high-level executives as a compensation deal was approved for its chief executive. Meanwhile, a New Jersey bank has hired a new president for its mortgage division, a compensation plan was reportedly approved for one of Wells Fargo & Co.'s senior mortgage executives and Morgan Stanley's mortgage unit is hiring new managers to help it capitalize on default servicing.

A March 10 filing with the Securities and Exchange Commission indicated that GMAC Financial Services Chief Financial Officer Robert S. Hull is leaving the company at the end of this month. Hull is pursuing another career opportunity. An internal and external search will be conducted for Hull's replacement.

GMAC also recently lost its director of bulk acquisitions, Bill Petersohn, a spokeswoman confirmed to MortgageDaily.com in a statement. Petersohn first started with the company in 1996.

Citing anonymous sources familiar with the matter, the Associated Press reported GMAC Chief Executive Officer Michael A. Carpenter will receive restricted stock compensation in lieu of a cash salary. The package was approved by U.S. compensation czar Kenneth Feinberg.

Mark Oman's 2009 compensation included $600,000 in cash and $3,266,667 in stock, according to a recent filing by Wells Fargo & Co. with the Securities and Exchange Commission. The 2010 base salary for Oman, who is senior executive vice president of the company's home & consumer finance group, has been approved at $2,000,000.

Vineland, N.J.-based Sun National Bank announced on March 8 that Steven J. Greenberg was appointed president of subsidiary Sun Home Loans Inc. Greenberg last worked with TD Bank as managing director of "money out sales" where he was responsible for increasing sales and profitability at the mortgage and consumer lending business.

"I look forward to him taking Sun Home Loans to the next level by leveraging our strong mortgage business fundamentals to fit the needs of today's consumers," Sun National Bank CEO Thomas X. Geisel said of Greenberg in the statement.

The new executive vice president of customer relationship management at Saxon Mortgage Services Inc. is Stephen Staid, the Morgan Stanley subsidiary said in a statement on March 3. He'll report to Saxon CEO Anthony Meola and will serve as a member of the company's executive committee.

Saxon noted that it hired the 15-year veteran as it repositions itself as a distressed asset subservicer for residential loans.

Saxon also hired John P. Kim to lead its business development operation. He'll target banks, hedge funds, asset managers and the government-sponsored enterprises. Kim reportedly has 20 years' experience, including positions at the Federal Deposit Insurance Corporation and Bank of America.

photo of Steven Greenberg
Sun National photo
of Steven Greenberg


Crescent State Bank hired Mark Fenton as director of mortgage, the Cary, N.C.-based company said in a news release this month. Fento reportedly has 20 years' mortgage experience and is actively involved with the Mortgage Bankers of the Carolinas. Crescent reports more than $1.0 billion in assets.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com in 2000.

e-mail:
[email protected]


Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.



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