TheMReport

March 2012

TheMReport — News and strategies for the evolving mortgage marketplace.

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LYLE LASKY. First Guaranty Mortgage Corporation has ap- pointed a new assistant vice president, with the announcement that Lyle Lasky will join the company at its national underwrit- ing and credit compliance manager. FGMC will capitalize on Lasky's 17 years of experience in the industry to enhance its quality and compli- ance initiatives. Before accepting his new role with FGMC, Lasky was the underwriting team leader for Capital One Home Loans. JAMES J. MOORE III. A new presi- dent and CEO has been selected by Oppenheimer Multifamily Housing and Healthcare Finance Inc. The company recently announced the ap- pointment of James J. Moore III to the leadership role. Moore has more than 35 years of experience in the mort- gage and banking industries, and he was one of the founders of OMHHF's multifamily unit. In his prestigious position for the company, Moore will be responsible for facilitating overall growth for OMHHF, and he will head up the lender's team of mortgage bankers nationwide. WILLIAM LEROY. The American Legal & Financial Network (ALFN) recently re- leased a brief statement announcing the resigna- tion of the organization's current president and CEO, William LeRoy. The Missouri-based group ex- tended few details surrounding LeRoy's departure, but the ALFN did indicate that LeRoy's resignation would be effective immediately. Co-founder and chairman of the board of directors for the ALFN Wesley T. Kozeny was named as interim president and CEO. DANEIL MUDD. Former Fannie Mae CEO Daniel Mudd resigned from his role as CEO of Fortress Investment Group amid ongoing controversy related to a Securities and Exchange Commission suit. The company announced his resignation in a statement, not long after Mudd had decided to take a leave of ab- sence from his role. "I want to thank Fortress for the opportunity to help lead the company over the last few years," Mudd said. MARTIN MCDERMOTT. Avison Young is bolster- ing the leadership for its West Coast brokerage operations with the announcement that Martin McDermott will join the company's West Los Angeles office. McDermott, a commercial real estate broker, will focus on office and retail property transactions in his new role for Avison Young. Prior to joining Avison Young, McDermott was the vice president of transaction services for Grubb & Ellis Company. DOMENIC MELILLO. TMS Funding has added a new leader to its wholesale lending division. The company, recently announced that Domenic Melillo has been hired as its vice president of wholesale lending. Melillo comes to TMS Funding with more than 30 years' industry experience that spans multiple sectors of the mortgage business in- cluding sales management, operations, strategic development, risk manage- ment, and secondary marketing. BRETT NICHOLAS. A new president has been appointed at Redwood Trust, with the company's announcement that Brett Nicholas would take on the executive role. Replacing CEO Martin Hughes in the position, Nicholas was previously Redwood's chief investment and chief operating officer. Redwood stated that Hughes will retain his title as CEO. Meanwhile, Hughes will be replaced as chief investment officer by Redwood's current managing director, Fred Matera. PETE PANNES. San Francisco-based CMG Mortgage Insurance Co. has announced a pick for its new senior vice president and general manager. Following the retirement of G. Michael Edwards, Pete Pannes returns to assume the role and join Kim Shaul, co-vice president and general manager, in leadership of the company. Under the terms of the joint venture agreement between CMG MI's parents, CUNA Mutual Group and PMI Mortgage Insurance Co., two senior vice presidents and general managers have always headed the company. MICHAEL PETREE. Retail residential mort- gage lender Greenlight Financial Services recently announced the addition of Michael Petree as president of the consumer direct mortgage platform to grow and expand the com- pany's initiative in 2012. A well-known leader in the financial services industry, Petree served on the Mortgage Bankers Association board of directors and is responsible for the creation of MISMO, revered as the technology platform standard for the industry. KEVIN WALL. CoreLogic has an- nounced the appoint- ment of Kevin Wall as SVP of its default ser- vices business. Wall's new role will enable him to provide innovative solutions that combine CoreLogic technology, outsourcing services, and industry- leading data and analytics to better facilitate servicers to meet their business goals. Wall will supervise operations and direct the develop- ment of products and services for default services. DAVID ROBBINS. Ellie Mae announced that David Robbins would be joining its team as chief information officer. Robbins is the former chief technology officer of NetApp Inc., a provider of stor- age and data management solutions. According to a statement released by Ellie Mae, the newly created position at Ellie Mae will enable Robbins to design, manage, and ensure the reliability of Ellie Mae's data center operations in support of the company's expanding software as a service (SaaS) business model. KEVIN WATSON. Mortgage lender Churchill Mortgage has announced a new addition to its sales force. The company has named Kevin Watson as the regional sales manager for Churchill's middle Tennessee area. With more than 20 years' of experience in the mortgage business, Watson will apply his skills to managing sales in Churchill's branches throughout Brentwood, Murfreesboro, and Mount Juliet, Tennessee. He will also oversee sales for the company's location in neighboring Franklin, Kentucky. CHARLES RUMFOLA. Adding to its management lineup, Veros Real Estate Solutions has announced the appointment of Charles Rumfola as the company's senior vice president of strategic initiatives. Veros will capitalize on Rumfola's extensive industry experi- ence to enhance its activities in the secondary market. Rumfola served as the vice president of single-family initia- tives for Fannie Mae, and he has been with the GSE since 1992. While part of Fannie, Rumfola was responsible for leading the Uniform Mortgage Data Program for the GSEs. JOHN M. STEPHENS. MDC Holdings Inc. welcomed a new company officer, as John M. Stephens took the reins last month as the group's chief financial officer, principal ac- counting officer, and senior vice president. MDC's board of directors appointed Stephens to the leader- ship positions. He has more than 20 years' of experience throughout the finance, business, and homebuilding industries. During his two-decade career, Stephens performed as the head of financial activities for diverse organizations. CHARLES WEEKS. Cornerstone Real Estate Advisers has named a new CEO for the company's European operations. The real estate investment group recently announced the appointment of Charles Weeks to the executive role. Weeks, who will officially become CEO in mid-March, was Cornerstone's co- head of business development for its European division prior to his promo- tion. His ascension to the post follows the retirement of Iain Reid, who has confirmed his support for Weeks. Know someone moving up in the industry? e-mail us at Editor@TheMReport.com. THE M REPORT | 21

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