California real estate executive Roslyn Payne has been nominated to be chief executive of the Federal Asset Disposition Assn., a quasi-government company formed to liquidate assets of troubled savings and loan associations.
The nomination by the FADA board of directors is pending before the Federal Home Loan Bank Board. Although the choice has not been announced, her nomination was confirmed by several S&L industry sources.
A spokeswoman for the bank board declined to comment.
Payne, an official in the San Francisco office of Genstar Corp., was not available for comment. Genstar is a large Canadian concern that has operations in real estate development, construction and financial services.
"She's first-rate, a real 10-strike." said Anthony Frank, chairman of First Nationwide Financial Corp., a savings and loan company based in San Francisco. Payne reportedly was chosen for the job from more than 100 applicants.