People

Senate Minority Leader Mitch McConnell and 38 other Republicans are pledging to file a court brief supporting any legal challenge to the recess appointment of Richard Cordray to the Consumer Financial Protection Bureau.

CMG Mortgage Insurance Co., San Francisco, named Pete Pannes senior vice president and general manager.

Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.

Barbara Desoer, the president of Bank of America's home loans division who was once considered a possible successor to former Chief Executive Ken Lewis, will retire at the end of February, B of A said Friday.

It appears that possible salary and bonus caps at the GSEs are not hurting the recruiting efforts of at least Fannie Mae.

Kinecta Federal Credit Union, Manhattan Beach, Calif., hired Scott Houp as director, national correspondent wholesale loan production.

Recap Real Estate Advisors, Boston, said that Leslie Bos has joined the organization as principal consultant.

Ellie Mae created a new chief information officer position and hired David Robbins to fill the new role, the mortgage technology vendor announced.

Ellie Mae, Pleasanton, Calif., said that David Robbins has joined the company as chief information officer.

Barry Habib, a mortgage origination marketing expert and former top producer, has joined Residential Finance Corp., Columbus, Ohio, as its chief market strategist.