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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.

Executive Promotions

Recent mortgage-related executive activity

July 14, 2009


U.S. mortgage brokers have chosen new leaders for their trade group, several small banks hired or promoted senior executives and a new chief has reportedly been selected for Freddie Mac. Meanwhile, appointments were announced by two federal agencies tied to the mortgage activity.

Jim Pair will serve a one-year term as president of the National Association of Mortgage Brokers, a June 30 news release indicated. Pair is based in Corpus Christi, Texas.

NAMB said William Howe of Scottsdale, Ariz., is the association's president-elect. The trade group made the announcement from its mid-year meeting in McLean, Va.

Norfolk, Va.-based Hampton Roads Bankshares Inc. announced last month the appointment of Steven M. Belote as president and chief executive officer of subsidiary Shore Bank. Belote, a certified public accountant, was chief financial officer of Shore Bank before it was acquired by Hampton in May 2008.

L. Nash Allen Jr. retired as treasurer and chief financial officer of BancorpSouth Inc., a new release indicated. William L. Prater replaced the 40-year employee. Prater previously worked at Regions Bank, AmSouth Bank and SouthTrust Corp.

Monarch Bank promoted James R. Ferber from executive vice president to president of its real estate and construction group, a June 24 press release said. Ferber is a 28-year banking veteran and co-founded the Chesapeake, Va., bank in 1999.

A July 1 Wall Street Journal story, citing people familiar with the situation, indicated Charles E. "Ed" Haldeman Jr. is Freddie Mac's board of directors' prime candidate for CEO. Haldeman stepped down late last month as chairman of Putnam Investment Management LLC where he reportedly improved morale, regulatory compliance and financial controls.

Jerry E. Williams is the new chief information officer for the Department of Housing and Urban Development, a July 7 news release from HUD said. Williams, a 20-year government employee, was formerly the deputy CIO at the Department of the Interior and the acting CIO for the U.S. Small Business Administration.

Ellen Lazar was appointed senior advisor to the chairman for consumer policy, the Federal Deposit Insurance Corporation recently reported.

Kim Garland was named chief operating officer of United Guaranty, The Business Journal of the Greater Triad Area reported last week. Garland came from a unit of Safeco Corp. where United Guaranty CEO Eric Martinez once worked.

Former Citigroup Inc. chairman Win Bischoff is being considered as a replacement for Victor Blank as chairman of Lloyds Banking Group Plc, Bloomberg reported earlier this month.

Annaly Capital Management Inc. said on June 24 that Eric Szabo was named managing director and chief risk officer, while Matthew J. Lambiase and Kevin Riordan were each named managing directors.

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

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