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Article: North American's chief dodges prepayment bullet. (North American Mortgage Co. Pres/CEO Terrance Hodel) (Brief Article)
- Article from:
- American Banker
- Article date:
- August 23, 1993
- Author:
CopyrightCOPYRIGHT 1993 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IN A RESTAURANT IN DALLAS almost 20 years ago, Lainie Kazan was singing and some businessmen in the front row were celebrating boisterously. Ms. Kazan asked them what the occasion was.
"Why, we've just introduced the biggest car-wash machine in the world," their leader replied.
Terrance Hodel was also in the audience that night, and he says he thought to himself, God, am I lucky to be in the mortgage business.
Today, Mr. Hodel, 50, is president and chief operating officer of North American Mortgage Corp. of Santa Rosa, Calif. He joined the company in 1979 when it was called Wells Fargo Mortgage Co. And he is still utterly delighted to be in ...