This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SunTrust Mortgage Names Peter E. Mahoney And Jack Wixted To New Leadership Posts

RICHMOND, Va., June 11, 2012 /PRNewswire/ -- SunTrust Mortgage Chief Executive Officer Jerome Lienhard announced today two additions to his leadership team -- Peter E. Mahoney, named Executive Vice President, Mortgage Strategy; and Jack Wixted, named Executive Vice President and Chief Risk Officer, SunTrust Mortgage.

" Peter Mahoney and Jack Wixted are strong additions to our mortgage leadership team," said Mr. Lienhard.  "They bring industry and broad-based business perspective to their roles, and will be critical to our success in driving improvement in our client service quality, risk management and overall business performance."

Mr. Mahoney, who most recently was Managing Director, Mortgage Markets with IBM Corporation, will be responsible for strategy, planning and the operational response associated with compliance with business practice changes affecting the mortgage industry and SunTrust.  Previously, he was Managing Director of Business Development for Green Tree Servicing – a residential mortgage servicing firm – led national lending and investor relations and served as deputy general counsel for Freddie Mac, and worked in private law practice.  He earned his bachelor's degree in History and American Studies from The University of Virginia, and his J.D. from The University of Virginia School of Law. 

Mr. Wixted, who was Chief Risk Officer with PNC Mortgage, will serve as the senior risk executive for the mortgage business, overseeing credit and  operational risk units.  He previously held similar risk leadership roles with PNC Financial Services and National City Bank, and led supervisory and regulatory activities with the Federal Reserve Banks of Chicago and Cleveland.  He earned his bachelor's degree in Finance from Pennsylvania State University and his MBA in Banking, Finance and Organizational Development from Case Western Reserve University.

Both leaders report directly to Mr. Lienhard and are based in Richmond, where the mortgage business is headquartered.  Their appointments follow a recent announcement by Mr. Lienhard that Mortgage Banking Association CEO David Stevens would join SunTrust in mid-July as President of the business unit, also reporting to him.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.   As of March 31, 2012, SunTrust had total assets of $178.2 billion and total deposits of $130.0 billion.  Through its flagship subsidiary, SunTrust Bank, the Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services.  Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is

SOURCE SunTrust Banks, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs