Career moves

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.

Alan Todd plans to join Bank of America Merrill Lynch in August as head of U.S. commercial mortgage-backed securities research.

Credit Suisse this week hired Roger Lehman as managing director and head of its commercial mortgage-backed securities department, responsible for research and analysis. His appointment is effective August 1.

Marty Gruenberg, the No. 2 at the Federal Deposit Insurance Corp., is expected to be nominated shortly as the agency's chairman, according to several sources.

Real Estate Mortgage Network Inc., a national mortgage lender based in River Edge, N.J., opened a new office in San Diego.

Residential Finance Corp., Columbus, Ohio, has hired Daniel Jacobs, former 1st Metropolitan CEO, to head up its new retail branching operation, ProLending Network.

Frank Keating, the head of the American Bankers Association, late Tuesday reneged on his endorsement of Elizabeth Warren as director for the Consumer Financial Protection Bureau within hours of saying the trade group would "be fully supportive" of her nomination.

Freddie Mac’s capital market chief, Peter J. Federico, a 23-year veteran of the GSE, announced that he is leaving the company in mid-May.

The White House keeps insisting it has not made a final choice for director of the Consumer Financial Protection Bureau, but there is a growing expectation that Elizabeth Warren will soon get the nod.

MERSCorp Inc., parent company of the Mortgage Electronic Registration Systems, named former CitiMortgage chairman and CEO Bill Beckmann its permanent replacement for retired president and CEO R.K. Arnold.

Kinecta Federal Credit Union promoted Brian Herbert to Southwest regional manager of its wholesale mortgage sales operation.

CMG Mortgage has hired Todd Hempstead, a Fannie Mae veteran of 25 years, to work with private investors interested in buying and securitizing conforming and jumbo mortgages.

SunTrust Banks Inc. has made more changes to its management team.The Atlanta-based company named Aleem Gillani its chief financial officer; he had been corporate treasurer.

Jefferies has named a former American Stock Transfer and Trust Co. executive as managing director in the firm’s fixed-income military housing mortgage business.

Passport Capital hired Jeffrey Kong as a portfolio manager, who will be responsible for managing the firm's mortgage-backed and related fixed-income strategy.

Loan officers are still licking their wounds in the wake of the Federal Reserve's new (restrictive) loan officer compensation rules, but if anyone's celebrating it's the folks whose job is to actually hire LOs, and their wholesale counterparts, account executives.