Career moves

Redwood Trust in Mill Valley, Calif., plans to stop buying mortgage loans to resell to Fannie Mae and Freddie Mac as it looks to cut costs.

Societe Generale SA is pulling back from the U.S. mortgage bond business just two years after building out the unit, according to two people with knowledge of the matter.

David Miller resigned as chief executive officer of Silver Bay Realty Trust Corp., and board member Thomas Brock will lead the single-family landlord during the search for a new CEO.

Mortgage professional hiring and new job appointments for the week ending Jan. 15.

Loan officers from the Top Producers rankings share some of their best career anecdotes and advice behind their success in the mortgage industry.

William P. Foley II, who had been the executive chairman of the nation's largest title insurance underwriter, Fidelity National Financial, has stepped down from the role as of Jan. 8.

In a mostly light-hearted interview on "The Late Show with Stephen Colbert," HUD Secretary Julian Castro defended the agency against Republican calls for its shutdown.

Department of Housing and Urban Development Secretary Julian Castro will get a boost in public visibility with a scheduled appearance on the Jan. 11 episode of "The Late Show with Stephen Colbert."

Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.

Greystone in New York has hired Gregory Forester to lead a new group for hospitality-focused lending and investing.