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Carrington Mortgage Services in Santa Ana, Calif., has hired a former JPMorgan Chase & Co. executive to lead its mortgage lending operations.

Colonial of Fort Worth, Texas, announced that Richard Harvey has been named chief compliance officer.

Galante's impending departure may signal that the recovery of the federal mortgage insurance fund is nearly complete and an upcoming report will show a healthy capital level.

FirstKey Holdings said that Jeffrey Mayer has joined the company as executive chairman of the board of directors.

Observer Capital's first acquisition includes business-to-business publications National Mortgage News, Mortgage Servicing News, Origination News and American Banker.

Jobs report shows nonbank originators added 2,200 new hires to their payrolls in June.

Stark & Stark said that Gary Forshner has been named chair of the Land Use Section of the New Jersey State Bar Association.

Patrick Sinks is taking the reins at MGIC as the mortgage insurer faces tougher capital standards and a more competitive field where his company is no longer No. 1.

Since PHH is now a pure-play mortgage company, it made sense to have just one executive running the business, industry experts said.

Julian Castro takes the helm as the housing recovery continues to lag the rest of the economy.