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The Mortgage Executive Insider

Recent mortgage executive activity

April 7, 2010

By SAM GARCIA


Two executives recently joined the mortgage banking divisions of securities firms, and a California company named a new president. Several other mortgage executive appointments were announced.

Jim Lawson is the new president of San Diego-based Nationwide Direct Mortgage. Lawson, who has 28 years' experience in real estate brokering, has "developed extensive real estate & mortgage experience and has been invited to be an instructor at the American Real Estate Institute where he taught Creative Financing," according to the company. He graduated from San Diego State University where he majored in marketing.

A March 26 statement form Societe Generale Corporate & Investment Banking indicated Naseem Haffar was named U.S. head of loan sales and trading. Haffar most recently worked as managing director credit sales at JPMorgan Securities -- where he spent more than 10 years.

Ann D. Logan resigned from the board of directors of PHH Corp. on April 1, a filing with the Securities and Exchange Commission said. In addition, Deborah M. Reif was appointed as a class II director.

photo of Jim Lawson
Nationwide photo
of Jim Lawson

In the same filing, the company said PHH Mortgage President Mark R. Danahy's target payout under his 2010 management incentive plan is $375,000, while the maximum payout has been established at $562,500.

Banc of America Securities hired Steve Harris as managing director - head of mortgage banking and asset disposition, according to updated data on LinkedIn.com. Harris previously was managing director - structured product sales manager at J.J. Kenny Drake Inc., and also was ambassador of goodwill at Goldman, Sachs & Co.

Former Bank of America Corp. executive Paul Jablansky was hired by RBS Securities to lead the firm's consumer asset-backed securities and non-agency mortgage bond strategy, Bloomberg reported. RBS plans a fivefold expansion of its team.

Tane Cabe has joined Security One Lending in San Diego, a March 18 statement said. Cabe is the former owner of Security Reverse in Gig Harbor, Wash. His system, which focuses on credit unions and community banks, will be put to use at Security One.

Deborah James was named senior vice president of State Bank's newly created mortgage lending division for Middle Georgia, according to a posting on the Macon-based institution's Web site.

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

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