Career moves

Gramercy Capital Corp. has changed both its investment strategy and its management following completion of a strategic review.

As wards of the same federal conservator, Fannie Mae and Freddie Mac rarely diverge these days, but when they do it speaks volumes about where the two companies are headed.

SunTrust Mortgage has named two new executive presidents, hiring industry veterans from PNC Mortgage and IBM Corp.

he National Association of Independent Housing Professionals officially requested that CFPB deputy director Raj Date resign because he is “biased” against mortgage brokers and has “internally finalized” regulations that would harm the sector.

State Bank & Trust appointed Tracy Peterson senior vice president/business banker.

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.