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Key Community Bank's E.J. Burke reflects on the highs and lows of his term as chairman of the Mortgage Bankers Association.

WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday.

Altisource Asset Management and Altisource Residential LP executive vice president Salah Saabneh has resigned, according to two Securities and Exchange Commission filings.

Stonegate Mortgage Corp. announced last week that it has formed a new direct-to-consumer mortgage origination business called Stonegate Direct.

BBVA Compass has hired a veteran banker to make sure that the company achieves its Community Reinvestment Act goals.

Peter Accolla set goals for transactions, dollar volume and how much money he wanted to make.

Commercial real estate lender Walker & Dunlop has added three originators to a conduit and high-yield lending joint venture with Fortress Investment Group.

Bill Gross, co-founder and chief investment officer of Pacific Investment Management Co., will join Janus Capital Group Inc.

Citizens Financial Group, which held an initial public offering Wednesday, will hire 350 mortgage officers and soon announce a new treasury services head, the bank's chief executive told American Banker.

Fannie Mae, the largest source of funding for U.S. mortgages, said Chief Operating Officer Terence Edwards plans to leave the government-backed company in the first half of next year.