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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.

Mortgage Executives Shuffled

Recent executive activity at mortgage-related firms

Sept. 1, 2009


A new senior executive starts this month at Freddie Mac, and an Obama administration appointee has been confirmed to chair the agency that regulates credit unions. Several mortgage firms recently reported new senior executives.

Bruce M. Witherell was hired as Freddie Mac's chief operating officer, according to an announcement last month. The Carnegie Mellon University graduate, who previously worked at Morgan Stanley and Lehman Brothers Holdings Inc., starts his new job on Sept. 14.

Witherell will oversee Freddie's three business lines: single family credit guarantee, multifamily sourcing and investments and capital markets. He will also oversee the company's operations and technology division.

Deborah Matz was sworn in as chairman of the National Credit Union Administration on Aug. 24, a press release said. Matz was nominated by the Obama administration.

Republic State Mortgage announced last month that it promoted Paulina S. McGrath to president. McGrath, who has been with the Houston-based firm for 10 years, will maintain her titles of chief financial officer and chief operating officer. Republic said it operates 18 offices in five states.

"Despite the historic challenges facing mortgage bankers, Paulina has kept us focused and growing," Republic Chairman and CEO Robert H. Wagnon said in the statement.

Gary H. Duffy was hired as senior vice president and production manager of Umpqua Bank's mortgage division, a news release yesterday said. He previously worked as a regional vice president for Chase Home Lending and has 22 years' experience in financial services.

Duffy will oversee mortgage production, sales and customer service at the Portland, Ore.-based institution. He will also be responsible for expanding business in California, Oregon and Washington.

NCUA photo of Deborah Matz
NCUA General Counsel Robert Fenner
and Deborah Matz

Scottsdale, Ariz.-based The Mortgage Store - USA announced Friday the appointment of John DeJulio as chief executive officer. DeJulio is a mortgage broker and founder of the ABF Mortgage Academy.

The Mortgage Store said it employs 850 loan officers in the country. It claims to be "one of the fastest growing mortgage companies in the industry today."

Eve Janis was hired as a senior vice president at USA Mortgage, according to an Aug. 17 announcement. She will oversee mortgage production and post-closing operations. Janis previously held executive positions at First Integrity Mortgage Corp. and Allegiant Bank.

Creve Coeur, Mo.-based USA Mortgage projects $1 billion in loan originations this year.

Grandbridge Real Estate Capital LLC has hired Gordon R. White III as its senior credit risk officer. White founded Atlantic Capital Partners LLC and previously served as an executive at Grandbridge parent BB&T Corp. Grandbridge reports a $24 billion commercial mortgage servicing portfolio.

Former Ginnie Mae chief executive officer Joseph J. Murin was appointed to technology provider iGATE's board of directors, a statement Monday said. iGATE, based in Fremont, Calif., noted Murin's recent appointment to Managing Director at The Collingwood Group.

H. Ronald Weissman was elected chairman of board at the Federal Home Loan Banks' Office of Finance, an Aug. 27 news release said. He replaces Charles Bowsher, who resigned in March.

Donald F. Price has assumed the role of president of Monarch Bank's Norfolk, Va., operations, a news release Wednesday from parent Monarch Financial Holdings Inc. said. The Chesapeake, Va.-based institution also announced the addition of executives R. Craig Baker, Robert L. White and Charles M. Wright.

photo of Joe Beedle
Northrim photo of Joe Beedle

Joe Beedle was named president of Anchorage, Alaska-based Northrim Bank, parent Northrim BanCorp Inc. announced on Aug. 25. Beedle was promoted from executive vice president and chief lending officer.

Warren E. Fink was hired by West End Partners as a senior advisor. He will lead an expanded real estate restructuring practice.

The Depository Trust & Clearing Corp. said in news release today that it hired Bridget E. O'Connor as its managing director and chief technology officer.

Burr Ault, Daniel Balkam, Patrick Connell, David Smith, Sam Stern and Geoffrey Wood were all named vice presidents and senior asset managers at CWCapital Asset Management LLC. advertiser AllRegs announced today that it named Richard Triplett as vice president and director of compliance.

Michael S. Richardson was named director of the newly formed forensic mortgage services unit at Lenders Compliance Group, an Aug. 11 announcement indicated. The operation prevents mortgage fraud through forensic reviews.

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

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