People

Freddie Mac named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.

Industry veteran Mark Korell, who four years ago joined the mortgage division of JPMorgan Chase, has left the company, according to colleagues who are close to him.

Carrington Holding Co. hired Bill King as its chief investment officer and head of asset and risk management.

Wingspan Portfolio Advisors named Ed Delgado chief operating officer.

Crockett National Bank, San Angelo, Texas, has purchased a controlling interest in Legacy Mutual Mortgage, a San Antonio-based mortgage banker.

Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to published reports.

Stearns Lending Inc. this week hired former Bank of America and MetLife executive Brian Hale as its new chief executive officer.

Stearns Lending Inc., one of the nation’s largest wholesale funders, this week hired former Bank of America and MetLife executive Brian Hale as its new chief executive officer.

Experience 1 Inc., Irvine, Calif., holding company for Advantage Title Inc. and Title365 Inc., said that Eric Swenson has become the company’s chairman of the board.

Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla.-based lender was failing to “mitigate or significantly reduce risks facing the bank.”