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The Executive Insider

Recent mortgage-related executive appointments, resignations

August 14, 2009

By SAM GARCIA


The head of the Government National Mortgage Association is reportedly stepping down from his presidentially appointed position, while an Obama administration nominee was confirmed as chairman of the nation's credit union regulator. Several financial services companies reported a number of management changes -- though few involved top executives.

The president of Ginnie Mae, Joseph Murin, is resigning to become a private mortgage lending consultant specializing in risk control, warehouse financing and default servicing, according to published reports. A spokeswoman for the government-owned company didn't respond to a request for a statement. Acting executive vice president Thomas Weakland will reportedly step in as interim chief.

President George W. Bush originally announced in October 2007 his intention to nominate Murin -- who was confirmed by the U.S. Senate in June 2008. During his tenure, Ginnie Mae issuance has soared from $24.9 billion in July 2008 to $44.2 billion last month. The Washington, D.C.-based company has been critical to housing-recovery efforts by both the Bush and the Obama administrations.

Deborah Matz was confirmed by the Senate as chairman of the board at the National Credit Union Administration. In a press release last week, she thanked Obama for the nomination and said she plans "a focused and positive agenda for NCUA characterized by an ongoing priority on reform and revitalization."

photo of Joseph Murin
Ginnie Mae photo of
Joseph Murin

Last month, the NCUA announced that its former vice chairman, Flores Burkhart, died at the age of 74 in Winston-Salem, N.C. She was nominated by President Ronald Reagan and periodically served on the board from 1982 to 1990.

First Federal Savings and Loan Association of Charleston announced in July that R. Wayne Hall became its chief operating officer and a board member. He already serves as the South Carolina company's chief financial officer.

Gregory W. Quick was named chief operations officer of HomeBanc's mortgage division, a recent statement from parent HomeBancorp Inc. said. He will oversee all mortgage operations including underwriting, secondary marketing, compliance and post closing.

photo of Ken Witte
Primary Capital
photo of Ken Witte


Atlanta-based Primary Capital released a statement Tuesday indicating that Ken Witte was hired as senior vice president of retail lending. The 22-year veteran, who early on was a "top-producing loan officer" and co-founded several companies, previously held management positions at Fortune 100 financial services companies.

James McLemore was hired as chief financial officer of MidSouth Bancorp, according to a recent news release. He replaces Eustis Corrigan, who left in January for a position at Postlethwaite & Netterville.

Huntington Bancshares Inc. announced on July 22 that David Hammer was appointed Pittsburgh region president. He takes over from Vince Locher, who was appointed as a regional managing director of commercial real estate sales.

New board members at the American Bankers Association include City First Bank of D.C. President and CEO Dorothy J. Bridges, Citizens National Bank Chairman and CEO Paul G. Willson and New York Community Bancorp Inc. President and CEO Joseph R. Ficalora, an announcement last month indicated. Other new ABA directors include BB&T Corp. Chief Marketing Officer Steven B. Wiggs; Provident Savings Bank FSB Chairman, President and CEO Craig Blunden; and Williamstown Savings Bank President and CEO Stephen G. Crowe.

Wolters Kluwer Financial Services announced on Aug. 5 that it named David Reynolds director of sales for its indirect lending business unit.

Jim Yeh was named chief analytics officer of Digital Risk LLC, a July 30 news release said.

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

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