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Michael L. Kennemer, Chief Financial Officer of MAM, Board Member, manages all financial aspects of MAM with thirty years of experience in mortgage banking. Mr. Kennemer is poised and equipped to successfully handle the cyclical financial industry. At MAM, he is responsible for the secondary marketing, accounting, finance, treasury, human resources, investor and agency relations of the company. Previously, he was the National Sales Manager for the Correspondent Lending Division of National City Mortgage, where he helped grow the correspondent division to a top tier organization. Prior to National City, he was the Chief Financial Officer for Aegis Mortgage where he turned an unprofitable group at Aegis from losing more than $2 million per month in May 1999 to becoming profitable in November 1999. He also successfully ran the acquisition of New America Financial, which involved the purchase of $300 million of servicing and $500 million of residential mortgages loans and was involved in the successful sale of these assets.