Career moves

Paramount Residential Mortgage hired former Caliber Funding official Dave Pilotte as its new wholesale manager in charge of the Inland Valley area and Southern California.

In a speech before the American Bankers Association Monday Consumer Financial Protection Bureau deputy director Raj Date slammed loan brokers for causing the mortgage crisis, raising the ire of at least one loan broker trade group, the National Association of Independent Housing Professionals, which is calling for his resignation.

CoreLogic will implement a series of changes to its board, including the addition of three independent directors and the announced resignation of board chairman D. Van Skilling.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Walker & Dunlop acquired CWCapital, creating one of the largest commercial real estate lenders in the nation.

ISGN’s new CEO took the reins of the mortgage technology and outsourcing provider Monday, marking the first time that the international corporation’s chief executive will be based in the U.S.

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.

State Bank & Trust appointed Brent Walz as senior vice presidents/business banker.

A major shakeup occurred last month in the senior ranks at nonperforming loan investor Arch Bay Capital with CEO Shawn Miller parting ways with the company.

GMH Mortgage Services hired industry veteran Karen Bausman as its new president.

The Systemic Risk Council, which will be chaired by Sheila Bair, will assess the progress of regulators carrying out major reforms and provide constructive criticism where needed on pending rules.

Although loan originations are booming at Caliber Funding, the lender recently gave walking papers to a regional production manager and a division manager.

Interthinx said that Sharee McKenzie Taylor has joined the company as director of industry relations.

As head of the Mortgage Bankers Association, David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market. As the new head of SunTrust Mortgage, he'll have to face that regulation head-on.

Fannie Mae selected its general counsel, Timothy Mayopoulos, to be the GSE’s new president and chief executive, effective June 18.

Marion Sandler, the co-chief executive at Golden West Financial in Oakland, Calif., for more than four decades, has died at the age of 81.

Bay Equity Home Loans said that Rob Phillips has returned to the company as a wholesale senior account executive in San Diego.

Jeremy Stein, a professor of economics at Harvard University, became the seventh governor to join the Federal Reserve Board.

The president and chief executive of the Mortgage Bankers Association, David Stevens, is stepping down after one year to become the president of SunTrust Mortgage.

Bay Equity Home Loans said that Eva Sharma has returned to the company as a wholesale senior account executive in San Diego.