Items Tagged with 'Jim Jones'

ARTICLES

  • ResCap Shuffles Executive Team

    It didn't take long for the ex-Bear Stearns mortgage hands to move to the front of the pack at Residential Capital, LLC, with GMAC Financial Services announcing Tuesday that Thomas Marano had been named chairman and chief executive officer, effective immediately, replacing current CEO Jim Jones.
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  • ResCap Nabs Capital Markets Vet from Wells Fargo

    Residential Capital, LLC -- the troubled mortgage arm of GMAC Financial Services -- said Monday that it had hired Thomas Neary as executive vice president and senior managing director of capital markets for the company. Neary will report directly to ResCap non-executive chairman Thomas Marano and ResCap CEO Jim Jones. "Tom is a great addition to the ResCap senior management team," said Marano. "His leadership and vision will allow us to leverage our core strengths to navigate the current market environment."
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  • GMAC Shuffles ResCap Leadership; Former Aegis CEO Jumps In

    GMAC Financial Services said today that it will restructure its real estate finance operations at Residential Capital, LLC (ResCap). The company's announcement comes as the lender faces what industry insiders say is a "big hit" from the downturn in subprime lending. At the forefront of the changes, ResCap said that current CEO Bruce Paradis will retire on June 1, 2007, capping a 24-year career at GMAC. Paradis will be succeeded by Jim Jones, currently ResCap chief operating officer and president of its U.S. Residential Finance Group. In addition, Craig Chapman, previously chief executive officer of Aegis Mortgage Corporation, has joined GMAC ResCap as president of ResCap's U.S. Residential Finance Group, effective immediately, succeeding Jones in that capacity.
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