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Bank of America continues to say that it's committed to retail mortgage lending, but the megabank suffered another blow recently with the departure of one of its top loan producers in the nation, Kevin Budde of Southern California.

Long & Foster Real Estate Inc. said that Frank Dillow of its commercial division has been appointed to serve on the Commercial Alliance Committee of the Virginia Association of Realtors for 2012.

U.S. Mortgage Corp. appointed two new senior executives, John Korothy as vice president of credit operations and Marc Silvera as vice president of capital markets.

Prudential Mortgage Capital Co. said that Kip Kimble has joined the company's multifamily originations team.

Lennar Corp. said that Jay Mantz has joined its wholly owned subsidiary, Rialto Capital Management, to oversee the company's real estate investment management business as Rialto's president.

Auction.com named Elizabeth O'Brien as managing director and senior vice president.

Mortgage foreclosure vendor Lender Processing Services on Wednesday named Hugh R. Harris president and chief executive officer effective immediately.

Consumer lending experts urged a Senate panel on Tuesday to confirm a director of the Consumer Financial Protection Bureau this week.

Gleacher & Co. Securities Inc., New York, has hired a head of agency trading and four other managing directors as part of the ongoing expansion of its fixed income platform.

The Senate Banking Committee this week is expected to vote on the nomination of Richard Corday to be the first director of the Consumer Financial Protection Bureau.