Career moves

Total Mortgage Services, Milford, Conn., Wednesday named Neil Bader as its new national retail sales manager.

With financial institutions and mortgage servicers trying to comply with new regulations in order to mitigate their overall risk problems, the law firm Venable has decided to add a veteran finance and capital markets attorney who handles compliance and regulatory matters.

NewDay USA, Fulton, Md., said that Rear Adm. Thomas C. Lynch, a senior executive with credentials in diverse disciplines, will serve as chairman of the board of directors of NewDay USA.

Michael Williams, the president and CEO of Fannie Mae, announced plans to step down as soon as a successor can be appointed, according to a company filing issued Tuesday to the Securities and Exchange Commission.

Allonhill, Denver, an independent third-party review firm specializing in mortgage due diligence and credit risk management, hired Cal Smith as chief people officer.

American Realty Capital, New York, said that Andrew Winer has joined the company to lead a number of the firm's strategic debt initiatives.

My inbox was slammed by emails from readers who said "right on" to my commentary that the White House is (wrongly) using mortgage brokers as a whipping boy for the mortgage crisis. But some larger questions still loom: Does this White House even know what a loan broker is? I would guess not.

The Consumer Financial Protection Bureau is using its authority over non-banks to target independent mortgage servicing companies.

Consumer Financial Protection Bureau director Richard Cordray on Thursday appointed Raj Date as the agency's first deputy director.

Valuation Partners, Sugar Land, Texas, hired Clint Reinhardt as vice president and national account executive.

Did perceived liquidity problems at PHH Corp. lead to this week's ouster of company president and CEO Jerry Selitto? I'm told that PHH doesn't have any liquidity problems and the company said as much in a recent SEC filing.

President Obama's recess appointment of Richard Cordray on Wednesday will clear the way for the Consumer Financial Protection Bureau to use its full enforcement and regulatory powers to police all mortgage lenders and servicers.

The Collingwood Group, a Washington-based mortgage advisory firm, has acquired GWN Consulting LLC, a specialist in FHA and GNMA risk management and quality control services.

Two more Standard & Poor's executives whose respective roles have included oversight of mortgage-backed securities ratings are leaving the company, possibly as part of an ongoing reorganization, according to a recent Wall Street Journal report.

Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the company's chief operating officer Glen Messina.

The White House Wednesday morning signaled its intention to make former Ohio Attorney General Richard Cordray the first director of the Consumer Financial Protection Bureau through a recess appointment.

Mike Anderson has resigned as vice president of government affairs for the National Association of Mortgage Brokers.

Looking to move forward after recent accounting issues forced it to restate its 2010 earnings, Suffolk Bancorp in Riverhead, N.Y., has hired a new chief executive to replace J. Gordon Huszagh.

Mike Anderson last week resigned as vice president of government affairs for the National Association of Mortgage Brokers.

BOFI Federal Bank, San Diego, is ready to kick off its new warehouse lending business, targeting correspondent lenders.