Career moves

TMS Funding, the wholesale arm of Total Mortgage Services, Milford, Conn., on Tuesday announced that it has hired five new account executives with 72 years of combined experience.

MortgageAmerica Inc. appointed Maurice F. Wilhelm Jr. to the position of president and chief operating officer.He will continue to be responsible for all day-to-day operations for the company.

Senate Republicans late Thursday declared victory in their effort to use a procedural maneuver to prevent the president from making any recess appointments during the Memorial Day holiday.

Clayton Holdings LLC, Shelton, Conn., has hired Rick E. Smith as senior managing director in business development for its Quantum residential and commercial special servicing business, based in the company's Tampa office.

The New York Senate on Wednesday confirmed Benjamin Lawsky to be the state’s first superintendent of its new Department of Financial Services.

For weeks, Republicans have said their objections to the Consumer Financial Protection Bureau are substantive, and not based on worries about the agency's de facto leader, Elizabeth Warren. But at a House hearing Tuesday, GOP members launched a series of personal attacks on Warren, suggesting she was lying and sometimes interrupting her responses.

PHH Corp. said its recently departed chief financial officer will receive $400,000 in severance, and then a $200,000 lump sum payment in March of next year.

Shore Financial Services Inc., Birmingham, Mich., has hired David Hall as president of its retail mortgage division, replacing Robert Rahal, who was promoted to vice chairman of the company.

The chief financial officer of nonperforming loan investor Kondaur Capital departed the company about 10 days ago – at the same time that the NPL investor’s founder and chairman Jon Daurio was forced out by the firm’s board, National Mortgage News has learned.

Residential Credit Solutions, a servicer whose client base includes Fannie Mae, this week hired Jim Mitchell as vice president of national business development.

Total Mortgage Services hired Victoria Bextel as head of national operations for both its retail and wholesale channels.

Joe Rossi, senior vice president of operations and technology at Freddie Mac, is leaving the government controlled secondary market giant, according to industry officials close to the situation.

Total Mortgage Services, Milford, Conn., which continues to expand its presence in wholesale lending, on Monday named two new hires on the operational side of the business.

The Treasury Department this week appointed a Harvard University economics professor to be in charge of market research at the new Consumer Financial Protection Bureau.

Mike Kulick, a mortgage banking veteran with more than 40 years of HUD/FHA experience, has joined the Los Angeles HUD/FHA office of Berkadia Commercial Mortgage.

John Daurio, founder, chairman and CEO of Kondaur Capital, resigned from the nonperforming loan investor effective Monday with his second in command, John Kontoulis named as his replacement.

John Daurio, chairman and CEO of Kondaur Capital, is stepping down as the day-to-day manager of the nonperforming loan investing firm, according to officials close to the situation.

While President Obama is the one who chooses nominees for key financial services policy posts, it is a Republican from Alabama, Sen. Richard Shelby, who appears to have a big say in whether a candidate is actually confirmed.

Sheila Bair will officially step down as chairman of the Federal Deposit Insurance Corp. on July 8, the agency said Monday afternoon.

Mark Oman, a senior executive at Wells Fargo & Co., who helped build the bank’s mortgage business into one of the most competitive in the industry, announced that he will retire by yearend.