nationalmortgage

People

• Executive with Deep Roots in B&C Running Bank's Mortgage Unit

  National Mortgage News | August 31

  Neil Kornswiet, an executive and attorney with deep roots in the subprime industry, has been hired by Pacific Mercantile Bancorp, Costa Mesa, to manage its residential mortgage division.

• In Wake of HUD Settlement, MB Promotes Two in Compliance

  National Mortgage News | August 30

  Allied Home Mortgage Capital Corp., Houston, which recently settled with HUD concerning alleged branch violations, has appointed two state managers to act as compliance auditors for the company.

• First American Promotes Finance Executives

  National Mortgage News | August 27

  Title insurance giant First American Financial Corp., Santa Ana, Calif., Friday named Max O. Valdes chief financial officer, and Mark E. Seaton senior vice president of finance.

• SLS Hires Industry Vet from Litton to Handle Defaults

  National Mortgage News | August 25

  Specialized Loan Servicing LLC, Littleton, Colo., has hired Oscar Southall as senior vice president of default operations.

• FASB Chief Will Retire in October

  National Mortgage News | August 25

  The nation's top accounting standard setter is retiring. Robert Herz, the chairman of the Financial Accounting Standards Board, announced that he will step down after eight years. Leslie Seidman, a FASB board member since 2003 and a former JPMorgan Chase & Co. accounting policy vice president, was appointed acting chairman, effective Oct. 1.

• Industry Vet Lederman Leading SoCal MB

  National Mortgage News | August 23

  Jess Lederman, who a few months ago left Kinecta Federal Credit Union, is now heading up Great Western, a mortgage affiliate of Frontier Bank FSB, Park City, Utah.