Home >> News >> Data >> First Guaranty Mortgage Names Chief Strategy Officer
Print This Post Print This Post

First Guaranty Mortgage Names Chief Strategy Officer

""First Guaranty Mortgage Corporation"":http://www.fgmc.com/ (FGMC), based in Virginia, announced the appointment of Chief Strategy Officer Gretchen Malatesta.


Malatesta's professional career includes more than 25 years of financial services and management experience. [COLUMN_BREAK]

Prior to joining FGMC, she served as EVP and CFO of Greenlight Financial Services, chairman and CFO of the MAGI Companies, and managing director of Guggenheim Capital Markets. She also spent 10 years at the Impac Companies, working in a variety of executive positions for Impac Mortgage Holdings.

According to FGMC, Malatesta's appointment reflects the company's ""deep commitment to execution on strategic objectives across business channels.""

""I am delighted to welcome Gretchen to FGMC's executive management team. Her knowledge of and experience in financial services and capital markets will be an asset to FGMC as we continue to develop and execute our growth strategies,"" said CEO Andrew Peters.

""I've joined FGMC because I fell in love with its ambition: to be the change agent of the mortgage industry,"" Malatesta added. ""With the necessary transition away from the GSEs as majority investors for mortgage product, FGMC is uniquely positioned as a private conduit to capitalize on market opportunities.""


Check Also

Rising Rates Shrinking Homebuyer Aspirations

As mortgage rates creep toward the 7%-mark, buyers still in the market are being forced to downgrade their options for a larger home, cutting more than 400-square feet out of the homes on the market.