CrossCountry Mortgage, a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. 

On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer. The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things. 

Fartaj stepped down as Pennymac’s senior managing director and chief investment officer in March 2023, after 15 years at the company. During that time, details ⇒

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