Prudential Mortgage Capital Co. will acquire The WMF Group Ltd. in a transaction valued at $138 million. The deal includes all of WMF's subsidiaries. According to Prudential, acquiring WMF will give the company one of the most comprehensive product lines in the commercial mortgage industry.
Ann Logan, executive vice president for single-family mortgages at Fannie Mae, is leaving the company. She will be replaced by Louis Hoyes, currently senior vice president for multifamily lending and investment. Also, Fannie Mae appointed Thomas Donilon executive vice president for law and policy, Ann Kappler to senior vice president and general counsel and Kenneth Bacon to senior vice president for multifamily lending and investment.