TheMReport

March 2012

TheMReport — News and strategies for the evolving mortgage marketplace.

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MCROWD Meet the Industry's MCrowd SEE WHO'S MOVING ON AND MOVING UP IN THE MORTGAGE MARKETPLACE. Regional federal banks make leadership changes this month, while the ALFN announces the resignation of its president and CEO. JIM BLATT. A new CEO has been selected at Mortgage Returns. The company recently announced the appoint- ment of co-founder Jim Blatt to the executive position. Blatt has more than 15 years' of senior-level leadership in the indus- try, as well as extensive experience in small business development. In his new role for Mortgage Returns, Blatt will be responsible for providing relevant and automated marketing solutions for the company's 225 financial institutions' customers around the U.S. DAVID HOROWITZ. Joining Avison Young as a principal, David Horowitz will take on co-leadership responsi- bilities for the company's data center operations in Avison Young's Chicago location. Horowitz has previously served in data- related positions for Grubb & Ellis and Staubach Company, where he worked with Jim Kerrigan, who was simultane- ously hired as a principal by Avison Young. Commenting on his new role, Horowitz said, "To become a principal in such a dynamic, growing company as Avison Young represents a significant opportunity." 20 | THE M REPORT JOHN CAULFIELD. New York-based direct commercial real estate lender Arbor Commercial Mortgage LLC, has promoted John Caulfield to COO. Caulfield will supervise Arbor's $5.8 bil- lion multifamily loan servicing portfolio. He will be responsible for coordinating the company's business collaboration and engagement with Fannie Mae. In addition, he will oversee Arbor's sales origination, capital markets, and under- writing departments as well as manage the company's trading and investment banking partnerships. JON KEAGLE. The Federal Home Loan Bank of Atlanta (FHLB) picked up Jon Keagle for vice president and manager of mortgage funding strate- gies for member sales, trading, and education. Keagle's key responsibili- ties will include identifying, devel- oping, and supporting mortgage strategies that leverage the bank's funding and community investment products and services. "I am excited to join the FHLB Atlanta team," said Keagle. "I look forward to putting my mortgage industry-related knowl- edge and experience to work for the bank and its shareholders." PATRICIA DELINOIS. The Miami Association of Realtors, the largest local Realtor asso- ciation in the nation, appointed Patricia Delinois as its 2012 residential president. In her new role, Delinois will represent the organiza- tion's 26,000 professionals in resi- dential, commercial, and international real estate. Delinois arrives at her new position with extensive experience in lobbying activity on Capitol Hill, where she remains involved with the Realtors Political Action Committee. JIM KERRIGAN. Avison Young has hired data center expert Jim Kerrigan as a principal in the company's Chicago location. In his new role, Kerrigan will act as the co-leader for Avison Young's data specialty efforts throughout the U.S. and Canada. Kerrigan will focus on assisting clients in both countries to facilitate their data center and space needs. Most recently, Kerrigan was with Grubb & Ellis, where he helmed the formation of the company's Data Center Group with David Horowitz, who was also recently hired as a prin- cipal for Avison Young. DAVID HEHMAN. The Federal Home Loan Bank of Cincinnati an- nounced that president and CEO David Hehman planned to retire, concluding a career he started with the institution in 1977. "On behalf of the board, I commend Mr. Hehman's extraordinary commit- ment to the FHLBank through 34 years of service including nearly 30 years of executive leadership," Carl Wick, chairman of the FHLBank board, said in a statement. "During his tenure as president and CEO, the FHLBank has performed remarkably well," he added. DUANE K. KURISU. As the new year chugs along, Central Pacific Financial Corp. (CPF) has added to its leader- ship with the announce- ment that Duane K. Kurisu will join the company's board of directors. With his appointment to CPF's board, Kurisu will now be serving as a director for both CPF and company subsidiary Central Pacific Bank (CPB). Kurisu has been a member of CPB's board of directors since the third quarter of 2004, and his diverse industry experience includes real estate investment and management in Hawaii, where CPF is based, and abroad.

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