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Carrington Mortgage Services is ready to launch its wholesale loan production channel now that the Santa Ana, Calif.-based company has completed its purchase of American Home Equity Corp. Terms of the deal were not disclosed.

The heads of CMBS trading at Citigroup and Goldman Sachs departed from their respective firms late last week.

The Senate Banking Committee will hold a hearing next Thursday on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

Ron Millar, a trader and senior associate in the capital markets group of Arch Bay Capital, Irvine, Calif., has left the nonperforming loan investing company, according to co-workers and others who do business with the firm.

Ronald Reitz, president of Quality Claims Management, was elected first vice president of NAPIA, the National Association of Public Insurance Adjusters.At its annual meeting, NAPIA elected new leadership for the upcoming year.

Michelle Korsmo will become the new chief executive of the American Land Title Association, replacing Kurt Pfotenhauer, who is leaving at the end of the month to become executive vice president and vice chairman of First American Title Insurance Co.

Elizabeth Warren will step down Aug. 1 from her post as special advisor to the Treasury secretary at the Consumer Financial Protection Bureau and Raj Date, a high-ranking official at the new bureau, will replace her.

American Land Title Association CEO Kurt Pfotenhauer is joining First American Title Insurance Co. as executive vice president and vice chairman, leaving the trade group after three and one-half years on the job.

Wholesaling veteran Al Cristany has accepted a position with 360Mortgage Group, Austin, Texas, one of the few lenders that funds exclusively in the broker channel.

The Federal Home Loan Bank of San Francisco appointed Elena Andreadakis as senior vice president and chief information 0fficer.