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01/14/2014

Marie Head rejoins Prudential Mortgage Capital Company’s FHA lending business

Marie Head rejoins Prudential Mortgage Capital Company’s FHA lending business

NEWARK, N.J., January 14, 2014 - Marie Head has rejoined Prudential Mortgage Capital Company as a principal for its FHA lending business, Prudential Huntoon Paige Associates, LTD, the company announced today. Head, who left Prudential in 2011 to serve as deputy assistant secretary for multifamily housing programs for the U.S. Department of Housing and Urban Development, will be responsible for originating new FHA loans across the United States.
Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial Inc. (NYSE: PRU).

“Marie’s extensive experience in, and considerable knowledge of the FHA lending business, along with her familiarity with Prudential Mortgage Capital Company and Prudential Huntoon Paige, once again make her a valuable addition to our team,” said Paige Warren, managing director and head of Prudential Huntoon Paige. “We are proud to have her back with us and look forward to her contributions toward helping us expand our multifamily FHA portfolio.” Added David Durning, CEO of Prudential Mortgage Capital Company, “To have Marie rejoin us at a time when the business is growing significantly across platforms helps ensure that growth will continue along with the excellent service our clients have come to expect. We welcome Marie back to Prudential and look forward to her contributions.”

In her most recent position, Head served as the special government employee advisor to the FHA Commissioner, managing the multifamily transformation project. She originally joined Prudential Mortgage Capital Company in 2000 through Prudential’s acquisition of WMF Huntoon Paige Associates, where she served as a senior vice president, FHA production in the southern United States.

She was named president and CEO of Prudential Huntoon Paige Associates in 2004 serving through 2011 when she joined HUD.

Prior to joining Prudential, she spent 20 years in various positions within the U.S. Department of Housing and Urban Development, including as HUD’s multifamily production chief in the Atlanta office. In addition, she has played a important leadership role in the FHA lending industry throughout her career. Marie will be located in Prudential Mortgage Capital Company’s Atlanta office.

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $76 billion in assets under management and administration as of September 30, 2013. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $74.2 billion, as of September 30, 2013. For more information, please visit
http://www.prumortgagecapital.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.



 


 


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