While residential mortgage executives have been changing companies by the dozen, recruitment in the commercial mortgage arena has been far more sedated. Much of the recent executive activity in commercial real estate has been limited to multifamily lending firms.
The Federal Housing Administration lending business at Prudential Huntoon Paige is now being led by Paige Warren, according to an announcement last month. Warren has been a managing director for the Newark, N.J.-based company since 2003. She is president of Prudential Affordable Mortgage Co.
Warren replaces Marie Head, who was appointed by the Obama administration to serve as deputy assistant secretary of multifamily housing for the Department of Housing and Urban Development.
Warren, herself, previously worked for HUD.
An October announcement from Prudential Mortgage Capital Co. said that Michael McRoberts would join the company on Dec. 5 as managing director of its conventional Fannie Mae and Freddie Mac lending business. Freddie was his previous employer.
McRoberts will oversee growth in multifamily lending.
Former Freddie Mac associate director for multifamily credit and underwriting Rick Del Roio has been appointed vice president of credit at Beech Street Capital, a Dec. 6 statement indicated. Before his five-year stint at Freddie, where he served as underwriter on more than $4 billion in transactions, Del Roio was with Deutsche Bank Berkshire Mortgage for six years.
