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USFN, a national not-for-profit association of select attorneys, trustee companies and industry-specific vendors who specialize in loan servicing matters, has made changes to its leadership team for 2013.

Richard L. Borges II will begin his one-year term as president of the Appraisal Institute on Jan. 1.

Brandon Boze, an executive from CBRE Group’s largest shareholder, has joined the group’s board.

Fortress Investment Group said principal and director Robert Kauffman is retiring from the company.

ClosingCorp said that Mark Nogaki has joined the company as senior vice president of sales.

Donna DeMaio will have the same policies that led United Guaranty to become No. 1 in new insurance written.

Freddie Mac’s chief financial officer Ross Kari will be leaving the company next summer.

Beech Street Capital promoted Tyler Griffin to the post of vice president of originations at its New York office.

JPMorgan Chase Tuesday said origination executive Kevin Watters would become its CEO of mortgage banking.

HUD officials have agreed to impose a moratorium on an FHA-insured reserve mortgage product, increase downpayment requirements on jumbo loans to satisfy a Republican senator and reduce FHA’s risk profile.