People

Keith Colvin, special counsel with the law firm of Jones, Walker, Waechter, Poitevent, Carrere & Denegre LLP, was elected as president-elect of the American College of Mortgage Attorneys.

The American Bankers Association elected new officers and directors to serve on ABA's board for the 2011-2012 association year.

Scott Rogers and Ted Klaassen have joined the Palo Alto office of Rutan & Tucker LLP. Rogers brings 30 years of experience with a wide array of commercial real estate projects representing both institutional and private interests in transactional and litigation matters.

Wilson & Associates PLLC said that Randy Bueter has been named board member of the USFN for a three-year term.

ARIZONA

Both the chief executive officer and the chairman of the board of Freddie Mac are stepping down within the next few months, the Federal Housing Finance Agency said late Wednesday.

Greenlight Financial Services, Irvine, Calif., Wednesday announced that it will enter the wholesale channel and hopes to fund its first loan some time early next year.

Top residential loan officers working for Bank of America are continuing to flee the troubled lender with its latest casualty being David Macke, who ranks first among all purchase money LOs at the bank.

Barclays Capital has made several appointments to its U.S. CMBS team.

Bank of America Corp. reshuffled top retail bank executives yet again this week, according to an internal memo obtained by American Banker.