Fregosi Assumes Responsibility for Capital Markets,
Secondary Marketing and Pricing Strategies
ANN ARBOR, Mich., May 2 /PRNewswire/ -- ABN AMRO Mortgage Group (AAMG),
one of the nation's leading mortgage lenders, recently announced the promotion
of Maria Fregosi to its executive committee. In her new position, Fregosi
assumes responsibility for AAMG's pricing strategies and secondary marketing
activities. Additionally, Fregosi will continue to oversee AAMG's capital
markets division, AMCAP.
"The integration of capital markets, secondary markets and pricing
strategies enables AAMG to tightly link its front-end pricing with its
investor activities," said Thomas M. Goldstein, chairman and CEO. "Now when
an investor comes to AAMG seeking a specific investment product, AAMG will be
able to respond quickly, offer a more competitive product to its brokers and
fill the order for the investor."
In her new position, Fregosi will be responsible for the development and
distribution of AAMG's daily rate sheet and the management of rate locks. She
will also be responsible for AAMG's secondary marketing activities, including
pipeline and held-for-sale loan hedging services, secondary agency
relationships and execution strategies, and cycle times.
"This is an exciting change that enables AAMG to continue to deepen its
relationships with mortgage brokers," said William A. Newman, AAMG executive
vice president and president of InterFirst Wholesale Mortgage Lending. "It
also enables AAMG to expand the target audience for product from solely
brokers to customers of multiple business channels, including financial
institutions and correspondent lending. This is another example where putting
customers and investors first is a strategically sound business approach for
AAMG."
Fregosi joined LaSalle Bank Corporation in 1994 and has been involved in
asset securitization for 18 years. Prior to this new position, she served as
group senior vice president for AAMG's AMCAP division and was responsible for
the development of its ABN AMRO mortgage conduit program (AMAC), master
servicing group and commercial mortgage securitization program.
Fregosi earned a bachelor of arts degree in economics from the State
University College of New York and a master of business administration degree
in finance and applied economics from the Simon School at the University of
Rochester.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO N.V.
Netherlands-based ABN AMRO is a leading international bank with total
assets of EUR 608.6 bln (as of December 31, 2004). It has over 3,000 branches
in more than 60 countries and territories, and has a staff of about 100,000
full-time equivalents worldwide. ABN AMRO is listed on the Euronext and New
York stock exchanges.
SOURCE ABN AMRO Mortgage Group, Inc.
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Related links:
http://www.abnamro.com
CONTACT:
Jenn Cornell of Eiler Communications,
+1-734-761-3399 or Jenn@EilerPR.com , for ABN AMRO Mortgage
Group, Inc.
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