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The PrivateBank named John P. Richardson managing director of commercial real estate in the Minneapolis office.

MortgageFlex Systems Inc. said that Phil Scialabba has joined its professional services team.

Capsilon named Sheila Plunkett vice president of sales, where she is responsible for spearheading sales and business development for the company.

Within minutes of Rep. Barney Frank's surprise announcement that he planned to retire next year, industry insiders and political analysts were focused on who would take his place as lead Democrat on the House Financial Services Committee.

Default management vendor ServiceLink, Pittsburgh, on Tuesday named Chris Azur as its new president.

Walker & Dunlop, LLC, Bethesda, Md., on Monday announced that it has hired Dale Brem as vice president and deputy chief underwriter for the firm's FHA finance department.

Rep. Barney Frank, D-Mass., will announce today that he will not seek re-election next year, capping a 32-year career in Congress, a spokesman said Monday.

First Guaranty Mortgage Corp. added Mark Mayhook as managing director, capital markets.

HFF said that its Austin office has expanded with the addition of Robert Wooten as an associate director in the debt placement group and Kelsey Roop as an associate director in the investment sales group.

Real Estate Mortgage Network Inc. hired Justin Tucci in its Myrtle Beach office in the role of mortgage loan originator.