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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.

Trade Groups, Regulators Shuffle Executives

Recent executive activity at mortgage-related associations and regulators

Nov. 16, 2010


Recent executive activity at one mortgage trade group included the appointment of a new chairman, communications executive and technology vice president -- among several others. A banking association has a new chairman, while a former executive with Fannie Mae has joined a public policy research group. A recently passed law has two bank regulators busy filling mandated positions.

The leadership roster of the Mortgage Bankers Association of America reflects several changes.

The Washington, D.C.-based trade association announced Michael Berman, Michael Young and Debra Still as its new chairman, chairman-elect and vice chairman, respectively. The three officers were recently reappointed to MBA's board of directors and will serve in their new capacities for the 2011 membership year, with Young taking over in October.

Berman, president and chief executive officer of Massachusetts-based commercial lender and investment management firm CWCapital, is on the board of MBA's Commercial Real Estate Finance Council and the Commercial/Multifamily Board of Governors. A past Fannie Mae DUS Advisory Council member, Berman plans to continue MBA's focus on government sponsored enterprise reform.

"MBA will continue to lead the battle to restructure GSEs with private capital and a new, clearly defined, but limited government role in guaranteeing mortgage-backed securities," Berman said in an announcement.

Young is chairman of Cenlar FSB, an Ewing, N.J.-based wholesale bank that focuses on subservicing. He has served MBA for over 40 years and currently serves on its Council on Ensuring Mortgage Liquidity, Residential Board of Governors and Strategic Planning Committee.

Still is president and CEO of Pulte Mortgage LLC, the Colorado-based, mortgage arm of homebuilder Pulte. She has been an active MBA member for more than a decade and recently served as the RESBOG chair.

MBA also has a new senior vice president of communications and marketing, Barbara Van Allen. She joined the trade group after serving as chief marketing officer for NISH, a Vienna, Va.-based nonprofit agency dedicated to creating employment for people with significant disabilities. Van Allen's background additionally includes seven years as a senior legislative advisor to several members of Congress.

Closing out the plethora of recent changes at MBA is Richard Hill's appointment to associate vice president of industry technology. Hill's responsibilities encompass supporting the Mortgage Industry Standards Maintenance Organization Inc. and working directly with the commercial, residential and government affairs technology and data quality staff.

photo of Barbara Van Allen
MBA photo of Barbara Van Allen

Prior to joining MBA, Hill was the managing director of iNovate Solutions, a Virginia-based business and technology consulting firm. He also served as Fannie Mae's director of data strategy for 20 years, managing data requirements teams that rewrote the mortgage lender's major operational systems.

photo of Stephen Wilson
ABA photo of Stephen Wilson

At the American Bankers Association, Stephen Wilson was named chairman for the 2010 to 2011 association year. He replaces Arthur Johnson, United Bank of Michigan chairman and CEO.

Wilson is chairman and CEO of Ohio-based LCNB Corp. and subsidiary LCNB National Bank. The 30-year banking veteran has served in several ABA capacities, including chairman of the government relations council, testifying before Congress on numerous occasions. He has also served as director of the Federal Reserve Bank of Cleveland and is active with the Ohio Bankers League and the American Institute of Banking.

American Enterprise Institute mortgage analyst Ed Pinto is now a fellow resident of the Washington, D.C.-based public policy research organization, according to a statement provided to In his new role, the former Fannie Mae chief credit officer will be working on policy proposals for U.S. housing finance reform.

The Federal Deposit Insurance Corp. will soon say farewell to Mitchell Glassman, director of its division of resolutions and receiverships since January 2000. Glassman will retire from his 35-year-plus career with the FDIC on Dec. 3, at which point DRR Deputy Director James Wigand will come in as acting director, FDIC announced.

"Throughout this most recent economic crisis, [Glassman] oversaw the expansion of his division's workforce from 220 to more than 2,000 employees as more than 300 financial institutions closed over a three-year period,” said FDIC Chairman Sheila C. Bair in the announcement.

He played an invaluable role in the FDIC's expeditious response to the surge of bank failures in recent years and much of the respect the FDIC has earned for handling these failures can be attributed to his leadership," Bair added.

As Glassman prepares to exit, the FDIC is welcoming Mark Pearce as the director of its new division of depositor and consumer protection, created in August to help carry out its responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Pearce "brings a wealth of experience in financial sector supervision at the state level with a strong focus on consumer protection," the FDIC said in the announcement. "He also is a proven manager and leader having held leadership positions in the public and non-profit sectors."

Pearce has served as chief deputy commissioner of Banks for North Carolina since 2006, managing supervision of state's non-depository financial institutions, including mortgage businesses. He was also behind the development of the North Carolina Foreclosure Prevention Project and served as president and chief operating officer during his 10-year tenure at the Center for Responsible Lending in Durham, N.C.

Another designation made in advance of the Dodd-Frank act's July 2011 effective date is that of Timothy Ward as the deputy comptroller for thrift supervision, a position being required by the bill, the Office of the Comptroller of the Currency reported. Ward will be responsible for leading the planning process for integration of the Office of Thrift Supervision examination and supervision functions and staff.

Given the amount of uncertainty that is naturally created by a transition of this magnitude, I thought it was important to announce the decision now so that Tim can serve as a point of contact for both OTS staff and federally-chartered thrifts during the coming months here at the OCC," said Acting Comptroller of the Currency John Walsh in the announcement.

Ward joined OCC in February as a deputy comptroller and senior advisor after serving OTS for more than 26 years, most recently as deputy director for examinations, supervision, and consumer protection, overseeing OTS's four regional offices responsible for supervising approximately 800 savings associations and their parent holding companies. Ward also served in dual capacity as OTS chief financial officer and chief information officer.

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Coco Salazar
has been covering the mortgage industry since 2003 for

e-mail: [email protected]

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