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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.

Over 2 Dozen Mortgage Executives Find New Homes

Recent executive appointments

June 5, 2012

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

More than two dozen senior and mid-level executives have been hired for leadership positions, including president, at several mortgage firms. Many of the new hires were recruited from top-10 residential lenders, and some worked at now-defunct companies.

Freddie Mac executive vice president of single-family mortgage-guarantee business Anthony Renzi left the company to become chief operating officer of Citigroup Inc.'s North American mortgage business, the Wall Street Journal reported last month. Renzi, who reported directly to Freddie chief executive officer Charles Haldeman Jr., was appointed to the job at Freddie in a June 2011 reorganization. He previously worked at GMAC for 24 years until joining Freddie in April 2010 and was named chief operating officer of Residential Capital LLC in 2008.

Former Bank of America senior vice president of correspondent sales Karen Bausman was named president of GMH Mortgage Services LLC, a statement Tuesday said. GMH claims that Bausman increased production each year while at BofA -- pushing the company's market share from 17 percent to 45 percent. Her other prior employers include IMC Mortgage, which was acquired by CitiFinancial Inc.

Gary B. Fabian was named chief financial officer of Stearns Lending Inc., according to an announcement last month. His most recent job was vice president, production finance, at MetLife Home Loans. He also worked at Bank of America Home Loans, Countrywide Home Loans and North American Mortgage Co. during his 26-year career.

The new chief technology officer at Carrington Mortgage Holdings LLC is Matthew March, a May 31 statement said. March, who joined the Santa Ana, Calif.-based firm in September 2007, will oversee 35 technology employees.

Earlier in May, Carrington Holding Company LLC announced that Bill King was hired as chief investment officer and head of assets and risk management. King's two decades in asset-backed securities includes positions at Citadel LLC and JPMorgan Chase & Co., where he was head of securitized products, mortgage trading and pass-through trading.

In April, Guaranteed Home Mortgage Company Inc. announced that Dirk Adams was named president. Adams previously worked as senior vice president of the Federal Home Loan Bank of San Francisco. The Harvard Law School graduate also "built the mortgage division of a premier bank into a top 50 lender and served as a senior executive for a savings bank in Oakland, California for 15 years."

The new division leader at White Plains, N.Y.-based Guaranteed Home Mortgage is Glen Lemeshev, the lender said last month. He'll oversee the development of retail sales and branch expansion in New Jersey and manage a group of existing high-producing locations.

GMH Mortgage Services LLC named Joseph Macchione as its chief executive officer, according to a May 31 statement. Macchione, who will continue in his role as COO of parent GMH Associates, previously was an attorney with Morgan Lewis & Bockius and with Ballard Spahr Andrews & Ingersoll in Philadelphia.

Commercial mortgage lender Ladder Capital Finance Holdings LLLP recently named Michael Mazzei as its president. His more a quarter century in commercial real estate most recently included a job as managing director and global head of commercial mortgage-backed securities and bank loan syndications at BofA-Merrill Lynch. He also held positions at Barclays Capital and Lehman Brothers.

Donald Henig has been appointed national sales director of Walpole, Mass.-based Mortgage Master Inc., according to a press release in April. He'll direct 250 sales people in his new job. Henig, who is active with national mortgage associations, started in the business in 1985 and previously worked at the late American Home Mortgage. Mortgage Masters reports more than $5 billion in annual volume.

Also in Massachusetts, Danvers-based Mortgage Network Inc. said Tuesday that Jim Comosa was named director of corporate development. Comosa, who reportedly has 27 years' experience building and managing lending platforms, previously worked for Countrywide, MetLife and North American.

An April 4 statement from Columbus, Ohio-based Residential Financial Corp. indicated that Leslie Bondy was recruited from Zenta Mortgage Services as director of operations for a new Charlotte, N.C., operations center. At Zenta, Bondy was responsible for 375 production employees. Her two decades' experience also includes time at EquiFirst, Ford Consumer Finance and Industry Mortgage.

In Roswell, N.M., PSM Holdings Inc. recently disclosed that David Villarreal Jr. was hired as president of West Coast operations. The 30-year veteran was recruited as part of a strategy to expand west.

Kirkland, Wash.-based Cobalt Mortgage recently announced a host of hirings, including 19-year veteran Mike Matthews as southwest regional manager; 18-year veteran Kelly Lee as regional manager for Eastern and Southwest Washington, Oregon and Idaho; 20-year mortgage executive Nancy Smith as regional manager for the Rocky Mountain Region; and Matt Eckard, with 13 years' mortgage experience, as a sales manager in Portland, Ore.

Christopher Wasinger and Brian Poling were recruited as regional managers at Real Estate Mortgage Network Inc. An April 5 announcement indicated that Wasinger has nearly three decades in the business, while Poling has been in mortgage lending for nearly two decades. Both are active in trade associations.

In Leominster, Mass., Fidelity Bank announced in March that Jamieson Burgoyne was hired as vice president of mortgage lending. His 26 years in the business includes loan officer positions with Guaranty Bank, FSB, and Fleet Mortgage Corp. He'll work from Shirley, Mass.

Vision Mortgage Capital recently announced the appointment of Richard Taylor Stork to vice president, director of sales. Prior employers for the new executive include BofA, American Home Mortgage and Washington Mutual Bank.

A May 3 announcement indicated that Jacksonville, Fla.-based Founding Financial Group promoted George A. Stone to executive vice president for the southern region. The seven-year employee, who was promoted from division general manager, will manage sales in the region.

John J. Stahl III was recruited by The Coastal Bank to be its mortgage director and senior vice president. Before joining the Georgia financial institution Stahl was director of mortgage lending at HomeTrust Bank and vice president and area mortgage sales manager for Fifth Third Bank during his 18 years in banking.

Former Iowa Gov. Chester J. Culver and Dr. Bruce J. Sherrick were sworn in as members of the Federal Agricultural Mortgage Corp.'s board of directors in April. An announcement from the Washington, D.C.-based firm indicated that the executives, who were nominated by President Obama, were confirmed by the Senate in late March.

Former WMC Mortgage CFO Gregory J. Macfarlane was hired by H&R Block Inc. as its new CFO. He started his new position Monday. He was employed at the defunct General Electric Co. subsidiary from 2004 until 2007.

Guild Mortgage Co. announced in April the appointment of Michael Brown to district manager of Southern California. The 25-year mortgage veteran previously worked in builder originations for MetLife Home Loans Countrywide and BofA.

San Diego-based Guild also announced that Mike McCabe was hired as the district manager for Northern California. McCabe's three decades in mortgage lending include gigs at Mortgage Solutions, Wells Fargo and Chase.

In the Dallas suburb of Addison, Texas, Donna Wright was hired as national production manager by Mid America Mortgage. Wright's prior employers include Wells Fargo and BofA.

Gary Gunn was promoted to controller of Churchill Mortgage, the Brentwood, Tenn.-based lender said Monday. In addition, Heidi McQuaig was promoted to assistant operations manager.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

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