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Mortgage industry veteran Mark Korell has been promoted to chief executive at Hamilton Group Funding.

After servicing 21 years in Congress, Rep. Spencer Bachus, R-Ala., has decided not to seek re-election in 2014.

The Mortgage Bankers Association’s chief economist, Jay Brinkmann, is planning on retiring early next year with a successor pending.

Mortech has promoted Tom Erickson to the position of mortgage industry and compliance specialist.

The Structured Finance Industry Group has elected a new, 40-person permanent board.

First Niagara Financial Group promoted Tom Faughnan to become senior director of its residential mortgage business.

MFA Financial Inc. appointed William Gorin as chief executive officer of the company, effective Jan. 1, 2014.

Members of the management team and key employees of IFG Mortgage Corp. have joined Equity Loans.

Title365 Co. appointed Vickie Crestani to the role of president, Texas state operations.

The new president of the California Association of Mortgage Professionals also is planning a marketing and image campaign for the industry.