Leigh J. Abrams has been a director of the Company since April 2001. Since 1979, Mr. Abrams has been President, Chief Executive Officer and a Director of Drew Industries Incorporated (AMEX - DW), a company with sales of approximately $300 million, which manufactures a wide variety of components for manufactured homes and recreational vehicles. Since 1994, Mr. Abrams has also been President, Chief Executive Officer and Director of LBP, Inc. (OTC - LBPI). Prior to the sale of its operating assets in 1998, LBP manufactured a variety of specialty building products for the remodeling and residential construction industry. Mr. Abrams, a CPA, has over 30 years of experience in corporate finance, mergers and acquisitions, and operations.
Frank P. Filipps has been a Director of the Company since August 1995. Mr. Filipps is currently a director and the Chairman and Chief Executive Officer of Clayton Holdings, Inc. Prior to joining Clayton in April 2005, Mr. Filipps was the Chairman and Chief Executive Officer of Radian Group Inc. (NYSE:RDN), a credit enhancement provider to the global financial and capital markets. At Radian, Mr. Filipps was responsible for expanding and diversifying operations in the United States, the United Kingdom and Asia. Mr. Filipps began his career at Radian in 1992 as Senior Vice President and Chief Financial Officer, and in 1995 became its President, Chief Executive Officer and director. Mr. Filipps also serves as a director of Primus Guaranty, Ltd. (NYSE:PRS) and is also director of the World Affairs Council of Philadelphia, a private, non-profit organization.
Stephan R. Peers has been a Director of the Company since October 1995. From February 1997 to May 1999, Mr. Peers was a director of ICH. In March 2000, Mr. Peers joined Bear, Stearns & Co., Inc. as a Managing Director. From April 1993 to March 2000, Mr. Peers was an Executive Vice President of International Strategic Finance Corporation, Ltd., where he performed corporate finance services for overseas and domestic companies. From January 1998 to June 1998, Mr. Peers was an executive at Aames Financial Corporation, a mortgage loan company. Mr. Peers served as a Managing Director of Resource Bancshares Corporation from August 1995 to October 1997. From April 1989 to April 1993, Mr. Peers was a Vice President in corporate finance at Montgomery Securities where he specialized in financial services institutions.
James Walsh has been a Director of the Company since August 1995. In January 2000, Mr. Walsh became Managing Director of Sherwood Trading and Consulting, Co. From March 1996 to January 2000, Mr. Walsh was an Executive Vice President of Walsh Securities, Inc. where he directed mortgage loan production, sales and securitization. From February 1997 to May 1999, Mr. Walsh was a director of ICH. Mr. Walsh was an executive of Donaldson, Lufkin and Jenrette Securities Corporation from January 1989 through March 1996 where he oversaw residential mortgage securitization, servicing brokerage and mortgage banking services.