Resource Center
Mortgages
Buying
Refinance
Selling

Resource Center

  1. Home
  2. Mortgage News
  3. Executive Weekly

Executive Weekly

Mortgage Daily

Published On: June 8, 2009
Executive WeeklyRecent mortgage-related executive activity

June 8, 2009

By SAM GARCIA
A warehouse lender has named replacements for its chairman and chief executive officer, a Massachussetts bank chief is leaving his job after less than a year and Bank of America Corp. has beefed up its board with bank veterans.Gregory L. Curl will replace Amy Woods Brinkley as chief risk officer of BoA when she retires on June 30, according to a news release Thursday. Curl, currently a global corporate strategic development and planning executive, has spent 31 years at the Charlotte, N.C.-based institution.

Former Federal Reserve Board governor Susan S. Bies was elected to BoA’s board of directors, an announcement Friday said. Joining Bies is former Bank One Corp. executive William P. Boardman, former Compass Bancshares Inc. chairman and chief executive officer D. Paul Jones and former Federal Deposit Insurance Corporation chairman Donald E. Powell.

Michael W. Young has been nominated to be vice chairman-elect of the Mortgage Bankers Association, a June 3 statement said. MBA members will vote at the group’s annual conference in San Diego during October on the nomination of Yound, who is the chairman of Cenlar FSB.Colonial BancGroup Inc., which last month announced that chairman, CEO and president Robert E. Lowder would retire, said Wednesday that Simuel Sippial Jr. will replace Lowder as chairman. Sippial will also serve as chairman of subsidiary Colonial Bank. He has been a director of Colonial for 20 years and spent 26 years with IBM Corp.

Struggling Colonial, a big warehouse lender, is getting a $300 million capital infusion by a group of investors led by Taylor, Bean & Whitaker.

 photo of Simuel Sippial Jr.
Colonial photo of Simuel Sippial

Colonial photo of Lewis Bevil

 In addition, the Montgomery, Ala.-based bank named Lewis Bevil president and CEO of Colonial and its banking subsidiary. Bevil has been a Colonial director for 12 years and serves as an executive at a privately held insurance brokerage firm.After less than a year in the position, Thomas Drummey is stepping down from the post of president and CEO at Randolph Savings Bank, published reported indicated. Drummey, who had been with the Massachussetts institution for around eight years prior to his promotion to the top spot, reportedly received another job offer that he couldn’t refuse.

Jeff Lemieux joined GMAC Financial Services as senior vice president of fee based servicing. Lemieux comes from Cerberus Capital Management — which previously owned half of GMAC.

Also joining Ft. Washington, Penn.-based GMAC was Dana Dillard, who was named senior vice president of special mortgage initiatives. Prior to her new position, Dillard was executive vice president at JPMorgan Chase & Co. subsidiary EMC Mortgage Corp.
Eric Martinez Jr. replaced William V. Nutt as CEO of mortgage insurer United Guaranty Corp., parent American International Group Inc. said last week. Martinez just started with AIG this year and previously worked for Safeco Corp.CWCapital Asset Management Managing Director David Iannarone was promoted to president of the unit, parent CW Financial Services announced last week.

Motivational speaker Todd Duncan joined Prospect Mortgage to teach sales, leadership and time management, a statement last week said. However, Duncan will continue to accept outside gigs.
UGI photo of Eric Martinez

Family First FCU photo of Kent Moore
next story

back to current headlines

Popular Posts

Sign Up For Our Newsletter

Learn how to navigate the complicated world of mortgages, and more. Don’t worry, no spam, just tips & tricks!

Related Topics
Mortgage Refinance
Home Appraisal
VA Loans
FHA Loans
Reverse Mortgages
Buying a Home
Home Search
Closing Costs
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Read All Resources about "Enter Title Here"

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Mortgage Process
Mortgage Types
Mortgage Rates
Mortgage Lenders
How to Refinance
Refinance Rates
Refinance Types
Find a Home
Sell Your Home
Presell Preperation

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Get Started

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN