Bowser ’75 Named a Principal at Prudential – Hobart and William Smith Colleges \
The HWS Update

Bowser ’75 Named a Principal at Prudential

Carmen Bowser, a member of the William Smith Class of 1975, has been named a principal at Prudential Mortgage, joining the National Accounts Group in New York City. Bowser will be responsible for covering direct lending relationships in the origination of loans through Prudential's various capital sources, including general account, conduit, Fannie Mae, bridge and mezzanine loans. The full press release from Prudential Mortgage is below.

Prudential Mortgage Names Carmen Bowser Principal, National Accounts Group

NEWARK, N.J.– May 19, 2004–Prudential Mortgage Capital Company announced that Carmen Bowser has been named a principal, joining the National Accounts Group in New York City. Bowser will be responsible for covering direct lending relationships in the origination of loans through Prudential's various capital sources, including general account, conduit, Fannie Mae, bridge and mezzanine loans.

Scott Chisholm, also a principal, will continue to be responsible for covering all mortgage banking relationships as well as non-national account direct relationships in the New York region.

Before joining Prudential, Bowser was responsible for originating commercial mortgage loans for TIAA-CREF in the eastern United States and all of Canada. Earlier, she was the regional director for West Coast Operations for Arbor National Mortgage Company. Bowser worked for Prudential earlier in her career, holding various positions in the corporate finance in the corporate finance and commercial mortgage areas in New York, Newark and Los Angeles.

Bowser has a bachelor's degree in classical languages from Hobart and William Smith Colleges, Geneva, N.Y., and an M.B.A. from the Rutgers Graduate School of Management. She is a member of the Real Estate Board of New York and is the immediate past chair of its finance committee.

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business, originating mortgage loans for Fannie Mae and FHA programs, the capital markets, Prudential's general account, and other institutional investors. The company, with $38.7 billion in assets under management and administration as of March 31, 2004, offers fixed and floating rate loans, mezzanine lending, structured financing, interim/bridge lending; affordable housing loans and forward commitments. For more information, visit www.prudential.com/mortgagecapital.

Prudential Financial companies, with approximately $454 billion in total assets under management as of March 31, 2004, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. For more information, visit www.prudential.com.