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Breaking News: Twardock Steps Down

New York
Breaking News: Twardock Steps Down
Bisnow has learned that Dave Twardock, president of Prudential Mortgage Capital for 13 years, is retiring April 2013.
Dave Twardock
Dave (above) will be replaced by originations head and 24-year Prudential vet David Durning, who will likely keep the Top 5 direct lender on the same course. Reis chief economist Victor Calanog tells us Newark-based Prudential Mortgage, a Reis client, climbed out of the downturn aggressively: ’09’s lending volume was $5.8B, 2010’s $8.8B, and 2011’s $9.7B. It’s on track for $11.6B this year. (But what’s really on Victor’s mind: What becomes of his bet with Dave that the US will have recovered all jobs by May 2014?)