First Guaranty Mortgage Corporation Appoints Gretchen Malatesta as Chief Strategy Officer

Signaling an increased focus on strategic thought leadership, Malatesta joins executive leadership team as Chief Strategy Officer.

Business Wire

TYSONS CORNER, Va.--(BUSINESS WIRE)--

First Guaranty Mortgage Corporation (FGMC), a Virginia Corporation, announced today the appointment of Gretchen Malatesta as Chief Strategy Officer, reflecting FGMC’s deep commitment to execution on strategic objectives across business channels. Ms. Malatesta is responsible for assessing and managing FGMC’s overall corporate and geographic growth strategies.

Ms. Malatesta’s professional career includes 25+ years of financial services and management experience. She 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, REMIC’s and CMO's and the offerings of in excess of $1 billion equity capital.

“I am delighted to welcome Gretchen to FGMC’s executive management team. Her knowledge of and experience in financial services and capital markets will be an asset to FGMC as we continue to develop and execute our growth strategies,” said Andrew Peters, CEO, First Guaranty Mortgage Corporation. “Gretchen will work with our senior management team to ensure FGMC’s strategic direction aligns with our vision, values, objectives, and commitment to our clients.”

Prior to joining First Guaranty Mortgage Corporation, Ms. Malatesta (formerly Verdugo) served as Executive Vice President and Chief Financial Officer of Greenlight Financial Services (acquired by Nationstar Mortgage); Chairman and Chief Financial Officer of The MAGI Companies; and Managing Director of Guggenheim Capital Markets, a division of Guggenheim Securities, LLC. Ms. Malatesta was with the Impac Companies for ten years, where she served as Executive Vice President, Chief Financial Officer of Impac Mortgage Holdings, Inc. (NYSE “IMH”), its taxable REIT subsidiary Impac Funding Corporation and its divisions and subsidiaries. She previously held the positions of Executive Vice President, Chief Accounting Officer and Executive Vice President, Impac Warehouse Lending Group.

"I've joined FGMC because I fell in love with its ambition: to be the change agent of the mortgage industry. With the necessary transition away from the GSE’s as majority investors for mortgage product, FGMC is uniquely positioned as a private conduit to capitalize on market opportunities," said Gretchen Malatesta.

About First Guaranty Mortgage Corporation

Celebrating 25 years of exceptional nationwide residential lending services, First Guaranty Mortgage Corporation (FGMC), is recognized for its diligent commitment to their Wholesale, Correspondent and Retail origination channels. Together with First Guaranty’s Capital Markets and Warehouse Lending Divisions, FGMC provides a full spectrum of lending products and services nationwide.

First Guaranty Mortgage Corporation is a national approved Single Family Issuer for Ginnie Mae; an approved FNMA MBS Issuer; approved by HUD; an FHA approved lending institution; and approved for VA and USDA.

First Guaranty Mortgage Corporation
1900 Gallows Road, Suite 800
Tysons Corner, VA 22182
(703) 556-3333
NMLS ID 2917

www.fgmc.com
www.fgmccorrespondent.com
www.fgmcwholesale.com
www.fgmcwarehouse.com

FGMC is an Equal Housing Opportunity Lender.

Contact:
First Guaranty Mortgage Corporation
Richard Donine, 240-422-8141
SVP – National Marketing Director
rdonine@fgmc.com

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