Senate unlikely to vote on foreclosure bill before July

Norma Murphy joins Plaza Home MortgageMortgagePress.comPlaza Home Mortgage, Norma Murphy, VP of risk management Plaza Home Mortgage Inc. has announced that Norma Murphy has joined the Plaza Team in the newly-created position of vice president of risk management. Most recently senior vice president national credit manager with American Sterling Bank, Murphy also held the position of national credit manager for Amnet/Vertice. She will be located at Plaza's corporate headquarters in San Diego, Calif. and the quality control, broker approval, loss mitigation and post-closing departments will now report to her. Norma's industry knowledge and management expertise will be a great asset to Plaza and our business partners. "Plaza faces challenges associated with our business model as a leading decentralized wholesale mortgage banker," says Kevin Parra, president of Plaza Home Mortgage. "One element of maintaining our company's security involves scrutinizing credit policy, underwriting decisions, broker partner relationships and loss mitigation. With that in mind, we have created the position of vice president of risk management to oversee these crucial areas." For more information, visit www.plazahomemortgage.com.