Michael Desmond Quinn, mortgage banker and founding father of actual property firm Wye Group, dies – Baltimore Solar

Michael Desmond Quinn, a retired banker who based the Wye Group, a mortgage agency, died of coronary heart illness Sunday at his Towson dwelling. He was 86.

Born in Baltimore and raised on East Keen Avenue, he was the son of Michael Joseph Quinn, a Baltimore Metropolis municipal employee, and Gladys Baldwin, a homemaker.

He initially attended the Faculty of the Cathedral in downtown Baltimore and after his household moved to Anne Arundel County, he graduated from Glen Burnie Excessive Faculty in 1954.

He earned a level on the College of Maryland, School Park and served within the Navy aboard the USS Compton.

He met his future spouse, Mary McHenry Quinn, a pupil on the outdated Mount St. Agnes School, via mutual buddies. They married in 1961.

Mr. Quinn joined the mortgage brokerage Weaver Brothers, Inc. in 1960, which began his 5 decade profession in finance, insurance coverage and actual property. He started work in an area above Purdum’s Pharmacy on York Highway.

“He had an fascinating profession. He began at an entry stage at Weavers Brothers at its Anneslie workplace. Inside 20 years he was beginning a enterprise and proudly owning his personal mortgage firm,” mentioned brother-in-law, William F. McHenry.

“Mike knew the mortgage enterprise. He was good and he was a individuals individual,” his brother-in-law mentioned.

Mr. Quinn grew to become concerned in Baltimore’s enterprise neighborhood.

“Mike was one of many younger males who had been concerned within the revitalization of downtown Baltimore within the Sixties,” his spouse mentioned. “He belonged to the Baltimore Junior Chamber of Commerce and traveled all through the nation recruiting different JC chapters to have a nationwide conference in Baltimore in 1968.”

She recalled it as one of many bigger conventions to come back to Baltimore. The occasions included a parade and President Lyndon B. Johnson chatting with chamber members on the outdated Civic Heart.

“There was a reception for about 1,200 wives — girls couldn’t be within the JCs — and we had been bussed to the White Home for a reception for the King and Queen of Thailand,” his spouse mentioned.

Mr. Quinn grew to become president and chief govt officer of Chesapeake Monetary Inc. In 1977 he shaped the Wye Group, Inc., a mortgage banking and actual property group.

[ Edward H. Walters, longtime educator at Maryland, dies ]

“My husband shaped the Wye Group at our eating room desk,” Mrs. Quinn mentioned. “Mike was entrepreneurial and ahead considering.”

Mr. Quinn was a member of the enterprise group Larger Baltimore Committee and took an curiosity within the Madison Sq. part of East Baltimore close to the Johns Hopkins Hospital. He labored with neighborhood activist Lucille Gorman on housing points.

Mr. Quinn was a previous president of the Mortgage Bankers Affiliation.

“Mike was nicely preferred and revered inside our trade,” mentioned Hugh Coyle, a fellow mortgage banker. “He ended up within the Mortgage Bankers Corridor of Fame.”

Mr. Quinn additionally labored in enterprise capital and funding initiatives.

He remained concerned about Baltimore space actual property and purchased the outdated Charles H. Steffey actual property agency, which later merged into O’Conor, Piper & Flynn Realtors.

He later led the sale of The Wye Group’s mortgage banking firms with Goldman Sachs.

In 1991 he based Alliance Restoration Group Inc., a administration agency that had contracts with the Decision Belief Company and Property Belief Inc. The corporate purchased and bought life insurance coverage within the aftermarket.

Mr. Quinn, a recovering alcoholic, labored with space assist teams and was a sponsor for Geisinger Marworth Remedy Heart in Waverly, Pennsylvania.

He was a member of the College of Maryland’s President’s Membership and the Baltimore County Membership. He taught programs concerning the mortgage enterprise on the Johns Hopkins College and the Essex campus of the Neighborhood School of Baltimore County.

Mr. Quinn was a waterfowl hunter who shot geese and preferred the fields round Wye Mills. He golfed commonly with a gaggle of buddies.

Mr. Quinn served on the board of the guests on the College of Maryland’s Robert H. Smith Faculty of Enterprise for 17 years.

Companies are non-public.

Survivors embrace his spouse of 62 years, Mary McHenry Quinn, a retired Baltimore County Faculties nurse who labored along with her husband in property trusts; 4 daughters, Cailin Quinn of Towson, Maureen Quinn of Sparks, Patti Jacobs of Lutherville and Marianne Quinn of Cockeysville; and three grandchildren.