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With the company seemingly moving closer to being returned to its pre-crisis state as a private company, Fannie Mae is bringing on some serious banking experience to help guide the GSE’s future. Fannie Mae announced Wednesday that Sheila Bair, the chair of the Federal Deposit Insurance Corp. during the financial crisis, is joining the GSE’s board of directors.
Posted: August 21, 2019, 10:06 pm
Douglas Elliman Real Estate, the top brokerage in the New York metro area, is expanding into Texas. On Tuesday, the brokerage announced a joint venture with Sudhoff, a company based in Houston that specializes in luxury high-rise condominiums. Jacob Sudhoff, president of Sudhoff, was named chief executive officer of Douglas Elliman, Texas.
Posted: August 20, 2019, 9:59 pm
On September 16, Lacey Dingman will join the Federal Reserve Bank of New York as executive vice president, head of the human resources group and chief human resources officer. Formerly a senior leader at the Securities and Exchange Commission and most recently a senior associate director at the Federal Reserve Board, Dingman brings more than 20 years of experience in the public sector to the role.
Posted: August 20, 2019, 8:42 pm
loanDepot CEO Anthony Hsieh shocked the mortgage business a bit earlier this month when he announced that the company’s chief technology officer, Dominick Marchetti, was leaving. At the time, Hsieh wished Marchetti well on his “continued professional journey,” but did not say where Marchetti was going. Well, it's not a mystery anymore. HousingWire can now report that Marchetti has joined Guaranteed Rate to lead the company’s “product innovation agenda.”
Posted: August 19, 2019, 9:58 pm
Only a few months after merging with Farmers Exchange Bank, Gateway First Bank has appointed Jeff Schmidt as its chief mortgage operations officer. In this new role, he will manage underwriting, appraisal, closing and funding, post-closing and construction lending departments. Schmidt will also be working to expand of Gateway’s mortgage call centers based in Dallas and Frisco, Texas.
Posted: August 16, 2019, 9:28 pm
Community Preservation Corp., a nonprofit affordable housing and community revitalization finance company, announced the hire of real estate finance veteran Jaime Tuozzolo. In her new role as vice president and mortgage officer, Tuozzolo will be responsible for sourcing and originating business in the region across all loan products, as well as monitoring projects through construction and conversion.
Posted: August 15, 2019, 8:51 pm
Since stepping down as president and CEO of the MBA in September 2018, David Stevens has continued to be involved in the housing business, signing on to serve in advisory roles for three different companies. Stevens’ post-MBA gigs were reduced to two earlier this year when he abruptly resigned from the board of Radian just three weeks after initially joining. But now, Stevens' tally of advisor roles is back up to three.
Posted: August 15, 2019, 3:52 pm