Carrington Hires Former ICON Executive

Carrington Mortgage Services, Santa Ana, Calif., this week announced that it has hired Brad Nease as senior vice president in charge of capital markets.

The move comes a few months after the hedge fund-owned lender received Government National Mortgage Association approvals to issue single-family MBS.

Nease comes to Carrington from ICON Residential where he served as chief operating officer of capital markets. During his career he has worked for such lenders as CalFed Bank, Impac Funding, and IndyMac Bank.

ICON recently restructured parts of its mortgage business.

CMS, a nonbank, is controlled by Carrington Capital Management LLC, Bruce Rose’s firm. Rose is a former GNMA bond salesman.

Daily Briefing | Tuesday, November 22, 2011

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