FNC Inc. names RMBS veteran Steve Grundleger Executive VP
FNC Inc. named Steve Grundleger executive vice president. The real estate collateral management software provider said Grundleger has worked in residential mortgage-backed securities for 30 years, most recently with Fitch Ratings. Steve has "the breadth of knowledge and keen instincts needed to recognize opportunities posed in this rapidly evolving economy," FNC chief executive Bill Rayburn said. Grundleger managed Fitch's RMBS bond-rating business before helping build a structured finance business development group for the company. He also managed the RMBS bond business of Duff and Phelps Credit Rating Agency before that firm was acquired by Fitch. Grundleger also worked at Moody's Investors Service where he was a chairperson of RMBS bond and mortgage collateral credit. His prior work in the then-devloping RMBS markets was with Salomon Brothers and the First Boston Corporation. Write to Jason Philyaw.