We are excited to announce the newest members of the DebtMarket advisory board. Our advisors, who come from Fannie Mae, GMAC and Capmark, will be guiding management as we break into new debt classes and launch new portfolio marketing tools to serve our growing segments. Please see below for the article posted today by Ivy Schmerken, of Advanced Trading.
DebtMarket Hires Three Industry Experts
Online marketplace for whole loan portfolios hires former executives from Fannie Mae, GMAC and Capmark.
By Ivy Schmerken, Advanced Trading
February 01, 2010
DebtMarket, an online marketplace for buying and selling whole loan portfolios, announced the hiring of three additional experts. Stuart McFarland will serve as special advisor for Capital and Federal Markets and Jim Jones and Bob Feller will join as members of the Board of Directors, effective immediately.
Stuart McFarland previously served as CFO of Fannie Mae as well as CEO of GE Capital Asset Management Corporation. Stuart also served as the president and CEO of Pedestal, an Internet-based, electronic trading platform for the purchase and sale of mortgage loans in the secondary market. McFarland’s role will focus on outreach to various branches of government including Government Sponsored Enterprises (GSEs) and FDIC. Stuart will be representing DebtMarket in Washington DC, where he will open a liaison office. Read More