March 2, 2006
FOR IMMEDIATE RELEASE
CONTACT: Thomas Shaner, CAE

BALTIMORE - Larry Pendleton of Legend Mortgage in Olney was elected and installed as the new volunteer president of the Maryland Association of Mortgage Brokers (MAMB) during ceremonies at the Center Club in Baltimore last night. He succeeds Suzi Lawrence, CRMS of MGIC in Ellicott City, as the leader of the 1,250-member nonprofit professional organization.

Pendleton has been an active member of MAMB's legislative and education committees. He has also been instrumental in the Association's Annual Children's Christmas Party. Pendleton has been very active on the group's Board of Directors having served as vice president and president elect.

In addition to Pendleton, the members of MAMB elected and installed Charles DiPino, Jr. of Universal Trust Mortgage Corp. in Columbia as their new president-elect and Hunter Bloch of Annapolis First Mortgage in Hanover as vice president.

Glen Cook of National City Home Equity in Gaithersburg and Joseph M. Brown, Jr., CRMS of Premier Equity Mortgage in Randallstown will continue to serve as secretary and treasurer, respectively.

Elected to the two-year terms on the association’s board of directors were: Eric Gates of Apex Home Lones in Bethesda, Timothy J. Gough, CBM of First Republic Mortgage in Largo, Bevon Stennett of Mortgage America Bankers, LLC in Silver Spring, and Christine Wagner of Aegis Wholesale in Arnold.

Continuing on the MAMB Board are: Brooks Bosley, CRMS of Washington Mutual, Jacki Channer of Gateway Mortgage Services, Richard Muller of Northstar Mortgage, Michael Parsons of Nationwide Home Mortgage, and Charles Reid of VirtualBank Mortgage.

Thomas C. Shaner, CAE and Heather Waldschmidt of The Joseph E. Shaner Co. in Baltimore will continue as MAMB’s executive director and associate executive director, respectively.

The induction of officers took place on the first day of the 2006 MAMB Convention for which more than 1,000 mortgage professionals and affiliates were in attendance. MAMB leaders are already at work planning the 2007 MAMB Annual Convention and Exposition. For further information on MAMB, contact the Association at 720 Light St., Baltimore, Md. 21230, fax 410-752-8295, e-mail: mamb@assnhqtrs.com.