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 Executive Chronicle

Recent management moves at mortgage firms

July 5, 2010

By SAM GARCIA


The founder of a defunct subprime wholesaler has found a new home providing mortgage services to small financial institutions. A recruiter for a huge branch operation has moved across town to help build a retail branch network for another firm. An executive vice president of the Federal Home Loan Mortgage Corp. has been dismissed.

A spokeswoman for Freddie Mac confirmed the dismissal of Mike Perlman as EVP of operations and technology. She gave no other details about his departure, but a June 21 filing with the Securities and Exchange Commission indicated his termination was immediate -- though his employment was effective until Aug. 2.

Perlman was assigned to the post in August 2007. Other employers during his 30-year career included Morgan Stanley, AT&T and Deloitte & Touche.

His termination benefits require the approval of Freddie's regulatory, the Federal Housing Finance Agency.

Two class II directors elected to PHH Corp.'s board at its 2010 annual shareholder meeting were Deborah M. Reif and Carroll R. Wetzel Jr. PHH said Reif will serve as a member of the compensation committee and the corporate governance committee.

photo of Mike Perlman
Freddie photo of Mike Perlman

In Houston, Jonathan W. Fowler left Allied Home Mortgage behind and joined Iwayloan LP as director of national production. The executive will oversee a 19-month expansion of retail branch offices.

At Allied, also based in Houston, Fowler reportedly was a senior vice president for several years in charge of national production, product development and recruiting.

In the statement, Fowler said that among the most important factors in the company's expansion is "to attract only the very best branch managers and originators."

Also joining Iwayloan as manager of Pennsylvania was Linda Bullington. The 15-year mortgage origination veteran reportedly was the top producer for the USDA's rural development program in Pennsylvania from 2005 to 2008 and was recognized as "one of the BEST 50 Women in Business in Pennsylvania" in 2006.

photo of Chad Johnson
Meridian photo of Chad Johnson

The new managing director of Meridian Capital Group LLC's commercial originations group is Chad Johnson, a June 14 statement said. He will originate loans on a national basis from Kansas City, Kan., and report to Senior Managing Director Marty Lanigan.

Johnson previously worked for GMAC Commercial Mortgage, UBS, Deutsche Bank and Wachovia.

A new Quicken Loans unit that serves community banks and credit unions will be led by Decision One Mortgage co-founder Tod Highfield, the Charlotte Business Journal reported. Charlotte, N.C.-based Quicken Loans Mortgage Services could eventually employ up to 100 people.

Decision One, a subprime wholesale lender, was closed by parent HSBC Finance Corp. in 2007. Around 750 people were laid off as a result. In 2005, the company claimed it was the eighth largest nonconforming wholesale lender with more than 10,000 mortgage brokers.

Melissa E. Green joined Provident Bank as vice president, commercial lender in Rockland, N.Y. Before her last job at the consulting firm of Ed Tristram Associates, Green was regional credit administrator, first vice president of commercial mortgage lending at Washington Mutual Bank.

A new retail lending office in Albuquerque, N.M., will be managed by Steve Mancilla, a June 25 statement from First California Mortgage Co. said. First Cal claims $200 billion in residential originations during its 30-year existence. New Mexico is the ninth state First Cal expanded to during the past year.

Mancilla, who has spent 10 years in real estate finance, is "one of just five certified mortgage planners in the state," according to The Petaluma, Calif.-based company.

Bill Staiger was hired as managing director of Floridian Financial Mortgage, a news release last month said. The 20-year mortgage veteran's last job was vice president of Mercantile Bank, while previous employers include KB Countrywide Mortgage, CTX Mortgage Co. and Beazer Mortgage Corp.
photo of Melissa Green
Provident photo of Melissa Green


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

e-mail:
[email protected]


Bank news

Credit Union news

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



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.


GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


Mortgage Branch News | Net Branch | Mortgage Branch Directory
Coverage of new and existing net branch operations. Programs, payouts and other details. Profiles of brokers and net branch lawsuits.


Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.



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