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The American Bankers Association said its top lobbyist, Floyd Stoner, is retiring at the end of the year after working at the association for over 25 years.

Caliber Funding has added three new senior vice presidents to its executive management team.

By waiting so long to nominate Richard Cordray to be the first director of the Consumer Financial Protection Bureau, President Obama has boxed himself in and Cordray will have to be confirmed by the Senate for the new bureau to exercise its full powers.

The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8.

The “brain drain” at Freddie Mac continued this week with the news that Robert Bostrom, the GSE’s general counsel and executive vice president, is leaving to join the law firm of SNR Denton.

CMG Mortgage Insurance Co. said that Nate Halverson joined the company as account executive for the Mountain West territory.

Steve Curry, a six-year veteran of Impac Mortgage Holdings, has left the lender to accept an EVP job with ClearVision Funding, a fast growing wholesaler based in Santa Ana, Calif.

The Consumer Financial Protection Bureau officially opens its doors July 21 and one of its first initiatives will be to reach out to the 111 largest U.S. banks to establish lines of communications as it prepares to conduct its first on-site examinations later this year.

President Obama on Tuesday officially appointed Carol Galante to serve as the new acting commissioner of the Federal Housing Administration, overseeing the agency's single family and multifamily programs.

Todd Chamberlain, a 25-year veteran of the mortgage industry and the head of residential lending at Regions Financial left the company last week to take a job with a competitor, industry officials told National Mortgage News.