Career moves

Citigroup on Tuesday afternoon revealed that it recently hired Mark Danahy to head its residential origination division, which ranks among the top five in the nation.

Paul Green, senior vice president of corporate relations for the Mortgage Bankers Association, left the trade group two weeks ago, according to industry officials.

Bill Berliner, the principal of Berliner Consulting & Research, has joined Manhattan Capital Markets as an executive vice president and the head of its advisory services unit.

The Senate nomination hearing for Richard Cordray, who's tapped to become the first director of the Consumer Financial Protection Bureau, has been postponed until Sept. 6.

Carrington Mortgage Services is ready to launch its wholesale loan production channel now that the Santa Ana, Calif.-based company has completed its purchase of American Home Equity Corp. Terms of the deal were not disclosed.

The heads of CMBS trading at Citigroup and Goldman Sachs departed from their respective firms late last week.

The Senate Banking Committee will hold a hearing next Thursday on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

Ron Millar, a trader and senior associate in the capital markets group of Arch Bay Capital, Irvine, Calif., has left the nonperforming loan investing company, according to co-workers and others who do business with the firm.

Ronald Reitz, president of Quality Claims Management, was elected first vice president of NAPIA, the National Association of Public Insurance Adjusters.At its annual meeting, NAPIA elected new leadership for the upcoming year.

Michelle Korsmo will become the new chief executive of the American Land Title Association, replacing Kurt Pfotenhauer, who is leaving at the end of the month to become executive vice president and vice chairman of First American Title Insurance Co.

Elizabeth Warren will step down Aug. 1 from her post as special advisor to the Treasury secretary at the Consumer Financial Protection Bureau and Raj Date, a high-ranking official at the new bureau, will replace her.

American Land Title Association CEO Kurt Pfotenhauer is joining First American Title Insurance Co. as executive vice president and vice chairman, leaving the trade group after three and one-half years on the job.

Wholesaling veteran Al Cristany has accepted a position with 360Mortgage Group, Austin, Texas, one of the few lenders that funds exclusively in the broker channel.

The Federal Home Loan Bank of San Francisco appointed Elena Andreadakis as senior vice president and chief information 0fficer.

The American Bankers Association said its top lobbyist, Floyd Stoner, is retiring at the end of the year after working at the association for over 25 years.

Caliber Funding has added three new senior vice presidents to its executive management team.

By waiting so long to nominate Richard Cordray to be the first director of the Consumer Financial Protection Bureau, President Obama has boxed himself in and Cordray will have to be confirmed by the Senate for the new bureau to exercise its full powers.

The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8.

The “brain drain” at Freddie Mac continued this week with the news that Robert Bostrom, the GSE’s general counsel and executive vice president, is leaving to join the law firm of SNR Denton.

CMG Mortgage Insurance Co. said that Nate Halverson joined the company as account executive for the Mountain West territory.