People

Fannie Mae veteran Karen Pallotta has joined Redwood Trust's board of directors. Pallotta's recent role at Fannie was as executive vice president of the single-family credit guaranty business, which she assumed during the height of the financial crisis.

People movers for the week ending Dec. 19.

NeighborWorks America has named Paul Weech as its new president and chief executive.

GuardHill Financial Corp. CEO Alan Rosenbaum has recruited veteran New York City mortgage originator—and former competitor—Melissa Cohn to bring an under-the-radar lender out of the shadows.

George Engelke Jr., former chairman, president, and chief executive of the Astoria Financial in Lake Success, N.Y., has died.

The Federal Agricultural Mortgage Corp. has given its president and chief executive, Timothy Buzby, a two-year extension on his employment contract.

People movers for the week ending Dec. 12.

Stonegate Mortgage is planning to add over 175 jobs in Southern California.

DocMagic, a loan preparation company in Torrance, Calif., has agreed to acquire Doc-Tech, a mortgage documentation firm in Palatine, Ill.

National MI, a private mortgage insurance company in Emeryville, Calif., has named Jay Sherwood as president.