Gretchen Malatesta Joins First Guaranty Mortgage

Posted by Patrick Barnard on January 29, 2014 No Comments
Categories : FYI

Gretchen Malatesta has joined First Guaranty Mortgage Corp. (FGMC) as chief strategy officer.

Malatesta has more than 25 years of financial services and management experience. Prior to joining FGMC, she served as executive vice president and chief financial officer (CFO) of Greenlight Financial Services (acquired by Nationstar Mortgage). She also previously served as chairman and CFO of The MAGI Companies and as managing director of Guggenheim Capital Markets, a division of Guggenheim Securities.

In addition, she previously held various roles with Impac Companies, including executive vice president and CFO of Impac Mortgage Holdings, Inc., its taxable resl estate investment trust subsidiary Impac Funding Corp. and its divisions and subsidiaries. What's more she previously held the positions of executive vice president, chief accounting officer and executive vice president at Impac Warehouse Lending Group.

Malatesta has participated in the securitization of approximately $50 billion of residential and $5 billion of commercial mortgage backed securities structured as non-agency MBS, CMBS, REMICs and CMOs and the offerings of in excess of $1 billion equity capital.

In her new role, Malatesta is responsible for assessing and managing FGMC's overall corporate and geographic growth strategies.

‘I've joined FGMC because I fell in love with its ambition: to be the change agent of the mortgage industry,’ Malatesta says in a release. ‘The management team combines an unswerving focus on creativity to improve the customer experience while putting business innovation and effectiveness at the core. With the necessary transition away from the government-sponsored enterprises as majority investors for mortgage product, FGMC is uniquely positioned as a private conduit to capitalize on market opportunities.’

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