People

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

Bill Cosgrove intends to make the return of the first-time homebuyer his primary focus as the new chairman of the Mortgage Bankers Association.

Freedom Mortgage in Mount Laurel, N.J., continued its recent growth strategy by acquiring the assets of Continental Home Loans in Melville, N.Y.

The giant servicer picks its reverse mortgage CEO Otto Kumbar to lead its forward and reverse mortgage lending businesses.

The consolidation is expected to be completed by the start of next year.

Earnings at Radian Group swung to a profit the third quarter, boosted by mortgage services revenue and a lower credit-loss provision.

Robert Bram of Long Island's Luxury Mortgage Group got his start in the industry trading mortgage-backed securities, but his passion for people led him to a career as an originator.

The Wolf Firm, attorneys to the financial services industry, said that attorney Scott J. Jackson has joined the firm as executive vice president and chair of its new national eviction management practice.

Wingspan Portfolio Advisors, a diversified mortgage services company in Dallas, will receive a multimillion-dollar capital infusion from a stockholder investment group.

Nationstar Mortgage appointed Jon Hodge as vice president and national sales director of correspondent lending.