Advanta Home Mortgage named Carl W. Forsythe its new president and chief executive officer.

Mr. Forsythe, 40, will join Advanta from H.F. Ahmanson & Co., where he is executive vice president and director of corporate marketing and consumer lending.

Mr. Forsythe will start his new job this fall, upon the closing of the sale of H.F. Ahmanson to Washington Mutual Inc.

He succeeds Milton Riseman, who is leaving the company.

Advanta also named Walter Carter an executive vice president. Mr. Carter, 46, comes from Associates Home Equity Services, the subprime mortgage operation of Associates First Capital, where he ran operations in 20 states.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.