People

TMS Funding, the wholesale arm of a Connecticut-based nonbank, this week hired Domenic Melillo as vice president of wholesale finance.

Mortgage Contracting Services, Tampa, Fla., named Tod Phelps as chief information officer.

The Home Lending Source, Ft. Lauderdale, Fla., has hired 30 loan officers from the MetLife Home Loans, and is talking to another 25 or so.

Titan Lenders Corp., Denver, hired Mark Ridder as executive vice president and general counsel.

Caliber Funding LLC, Irving, Texas, is talking to several loan officers and support staff who worked at MetLife Home Loans and may wind up hiring upwards of 300 full-timers, according to officials familiar with the situation.

Just when Redwood Trust was starting to look a bit like the Maytag repairman of the jumbo MBS market, we began to hear reports this week that two top 10 ranked banks are working on jumbo deals - for later in the year.

zIngenuity Inc., a boutique consulting firm advising mortgage lenders on mortgage finance matters, said that Rob Smith, vice president, has been named as the head of the mortgage analytics team.

VITEK Mortgage Group, Sacramento, Calif., appointed Mike Wheeler as vice president of production.

It would appear that the chief executives managing Fannie Mae and Freddie Mac are in for a pay cut - a significant one at that.

Sara W. Stephens, of Little Rock, Ark., began her one-year term as president of the Appraisal Institute on Jan. 1.